Plan Snapshot
- Plan Sponsor: Board Of Trustees Local No. 840 Ibew Health Insurance Plan
- Sponsor EIN: 331118241
- Sponsor Address: PO BOX 851, GENEVA, NY, 14456
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 152
- Total Assets: $7.3M
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 | 152 | $7.3M | $4.7M | $111,105 |
| 2023 | 141 | $6.3M | $4.0M | $103,087 |
| 2022 | 135 | $5.1M | $3.4M | $96,984 |
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 840 PENSION FUND | Other Service Provider | $97,951 | — | $97,951 |
| BONADIO & CO., LLP | Auditor | $14,050 | — | $14,050 |
| LIFETIME BENEFIT SOLUTIONS | Other Service Provider | $7,791 | — | $7,791 |
| UBS FINANCIAL SERVICES, INC. | Investment Advisor | $6,932 | — | $6,932 |
| ROBERT PIZZO, ESQ. | Other Service Provider | $5,610 | — | $5,610 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
- UBS FINANCIAL SERVICES, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,334
- Estimated Expense Ratio: 1.803% 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 | $140,727 | $6,932 | $7,791 | $14,050 | — |
| 2023 | $119,380 | $5,217 | — | $13,950 | — |
| 2022 | $120,490 | — | — | — | $29,498 |