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
- 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. |
|---|---|---|---|---|
| 2025 | 128 | $27.3M | $0 | $0 |
| 2024 | 119 | $25.3M | $0 | $0 |
| 2023 | 118 | $23.3M | $0 | $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 |
|---|---|---|---|---|
| MENGEL METZGER BARR & CO. LLP | Auditor | $29,064 | — | $29,064 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MENGEL METZGER BARR & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,064
- Estimated Expense Ratio: 0.106% 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 |
|---|---|---|---|---|---|
| 2025 | $295,600 | $65,999 | — | $29,064 | — |
| 2024 | $313,821 | $65,802 | — | $27,014 | — |
| 2023 | $271,171 | $70,507 | — | — | $124,763 |