Plan Snapshot
- Plan Sponsor: Board Of Trustees Of I.B.E.W. Local 241 Pension Plan
- Sponsor EIN: 166118689
- Sponsor Address: 134 CECIL A MALONE DRIVE, ITHACA, NY, 148505124
- Plan Type: DB
- Plan Number: 001
- Total Participants: 128
- Total Assets: $27.3M
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 | 128 | $27.3M | $1.8M | $0 |
| 2023 | 119 | $25.3M | $1.7M | $0 |
| 2022 | 118 | $23.3M | $1.4M | $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 |
|---|---|---|---|---|
| SOLXSYS ADMINISTRATIVE SOLUTIONS | Recordkeeper | $74,340 | — | $74,340 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $50,000 | — | $50,000 |
| SEGAL ADVISORS | Other Service Provider | $41,083 | — | $41,083 |
| MENGEL METZGER BARR & CO | Auditor | $29,064 | — | $29,064 |
| BLITMAN & KING | Other Service Provider | $26,973 | — | $26,973 |
| CHEVY CHASE TRUST | Other Service Provider | $21,021 | — | $21,021 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MENGEL METZGER BARR & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $242,481
- Estimated Expense Ratio: 0.888% 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 | $295,600 | $65,999 | — | $29,064 | — |
| 2023 | $313,821 | $65,802 | — | $27,014 | — |
| 2022 | $271,171 | $70,507 | — | — | $124,763 |