Plan Snapshot
- Plan Sponsor: Board Of Trustees, Ibt Local 863
- Sponsor EIN: 208919589
- Sponsor Address: 209 SUMMIT ROAD, MOUNTAINSIDE, NJ, 07092
- Plan Type: DC
- Total Participants: 2,764
- Total Assets: $94.6M
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 | 2,764 | $94.6M | $11.7M | $0 |
| 2023 | 2,257 | $75.4M | $8.9M | $0 |
| 2022 | 2,157 | $60.6M | $8.8M | $0 |
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 |
|---|---|---|---|---|
| JANNEY MONTGOMERY SCOTT LLC | INVESTMENT ADVISER | $340,293 | — | $340,293 |
| STATEWIDE HEALTH DATA SYSTEM | ADMIN SERVICES PROVIDER | $91,235 | — | $91,235 |
| BEDERSON LLP | AUDITOR | $52,900 | — | $52,900 |
| USI CONSULTING GROUP | RECORDKEEPER | $20,000 | — | $20,000 |
| COMERICA | INVESTMENT ADVISER | $7,529 | — | $7,529 |
| DVC CONSULTING | CONSULTANT | $6,200 | — | $6,200 |
| KENNETH NOWAK | CONSULTANT | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — INVESTMENT ADVISER
- BEDERSON LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $524,157
- Estimated Expense Ratio: 0.554% 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 | $709,649 | $345,922 | — | $52,900 | — |
| 2023 | $680,069 | $282,823 | — | $70,240 | — |
| 2022 | $589,439 | $284,085 | — | — | $50,500 |