# Board Of Trustees Of I.B. Of T. Welfare Fund - 945 Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-i-b-of-t-welfare-fund-945-221644608-501

> Board Of Trustees Of I.B. Of T. Welfare Fund - 945's Health & Welfare plan: 2,130 participants, plan year 2024 financials, providers, and benchmarks from For…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Of I.B. Of T. Welfare Fund - 945

- **Sponsor EIN:** 221644608

- **Sponsor Address:** 585 HAMBURG TURNPIKE, WAYNE, NJ, 07470

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 2,130

- **Total Assets:** $24.6M

## 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|2,130|$24.6M|$37.0M|$76,179|

| 2023|2,030|$28.3M|$34.2M|$93,743|

| 2022|1,678|$26.2M|$29.6M|$122,468|

## 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|

| AETNA LIFE INSURANCE COMPANY|Other Service Provider|$1,277,571|—|$1,277,571|

| PAYER MATRIX, LLC|Other Service Provider|$165,469|$285,562|$451,031|

| EMPIRX HEALTH|Other Service Provider|$337,271|—|$337,271|

| DAVID BAUMAN|Other Service Provider|$105,840|—|$105,840|

| INNOVATIVE SOFTWARE SOLUTIONS, INC.|Other Service Provider|$56,132|—|$56,132|

| MSPC|Auditor|$55,319|—|$55,319|

| LYNN THOMSON|Other Service Provider|$55,300|—|$55,300|

| JENNIFER CHERMAK|Other Service Provider|$48,184|—|$48,184|

| MB CONNAUGHTON ESQS., LLC|Other Service Provider|$45,446|—|$45,446|

| ANTONIO PETILLO|Other Service Provider|$33,476|—|$33,476|

| O'SULLIVAN ASSOCIATES, INC.|Other Service Provider|$24,225|—|$24,225|

| ATALANTA SOSNOFF CAPITAL, LLC|Other Service Provider|$23,479|—|$23,479|

| AMALGAMATED BANK OF CHICAGO|Other Service Provider|$20,812|—|$20,812|

| DEALY & SILBERSTEIN, LLP|Other Service Provider|$15,689|—|$15,689|

| AMERICAN REALTY ADVISORS|Other Service Provider|$11,370|—|$11,370|

| NATIONAL VISION ADMINISTRATORS, LLC|Other Service Provider|$8,205|—|$8,205|

| RBC WEALTH MANAGEMENT|Other Service Provider|$5,250|—|$5,250|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MSPC](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,574,600

- **Estimated Expense Ratio:** 10.461% 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|$2,663,019|$62,660|—|$29,000|—|

| 2023|$2,545,050|$84,252|—|$35,294|—|

| 2022|$2,212,643|$58,665|—|—|$155,758|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-i-b-of-t-welfare-fund-945-221644608-501)

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