Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibew Local Union No. 99 Health And Welfare Fund
- Sponsor EIN: 050264126
- Sponsor Address: 22 AMFLEX DRIVE, CRANSTON, RI, 02921
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 739
- Total Assets: $22.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 739 | $22.5M | $15.8M | $75,896 |
| 2023 | 786 | $20.8M | $13.3M | $82,884 |
| 2022 | 743 | $18.9M | $11.1M | $81,729 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| IBEW LOCAL NUMBER 99 | Recordkeeper | $165,492 | — | $165,492 |
| WARD, FISHER AND COMPANY LLP | Other Service Provider | $101,275 | — | $101,275 |
| BOSTON INVESTMENT AND TRUST | Other Service Provider | $70,379 | — | $70,379 |
| GALLAGHER BENEFIT SERVICES, INC. | Other Service Provider | $42,500 | — | $42,500 |
| SEGAL COMPANY | Actuary | $25,000 | — | $25,000 |
| RODIO AND URSILLO LTD. | ERISA Attorney | $23,274 | — | $23,274 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $427,920
- Estimated Expense Ratio: 1.905% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $474,129 | $70,379 | $165,492 | $101,275 | — |
| 2023 | $450,315 | $64,875 | $159,214 | $91,150 | — |
| 2022 | $410,266 | $65,035 | $167,248 | — | $90,776 |