# Board Of Trustees, Ibt Local 863 DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-ibt-local-863-plan

> Board Of Trustees, Ibt Local 863's DC plan: 2,764 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/janney-montgomery-scott-llc) — INVESTMENT ADVISER

- [BEDERSON LLP](https://planprovider.pro/provider/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|

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