Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew
- Sponsor EIN: 146030541
- Sponsor Address: 1 HUDSON CITY CENTRE, HUDSON, NY, 12534
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 7
- Total Assets: $1.1M
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 | 7 | $1.1M | $64,578 | $0 |
| 2023 | 8 | $1.1M | $87,382 | $2,928 |
| 2022 | 7 | $1.1M | $87,450 | $11,188 |
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 |
|---|---|---|---|---|
| UHY ADVISORS, INC. | Other Service Provider | $21,000 | — | $21,000 |
| HOLM & OHARA LLP | Other Service Provider | $17,000 | — | $17,000 |
| BPAS ACTUARIAL & PENSION SERVICES | Other Service Provider | $13,500 | $3,280 | $16,780 |
| GOULD, KOBRICK, & SCHLAPP | Auditor | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOULD, KOBRICK, & SCHLAPP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,780
- Estimated Expense Ratio: 5.497% 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 | $150,732 | — | — | — | — |
| 2023 | $185,575 | — | — | — | — |
| 2022 | $174,819 | — | — | — | — |