Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local 139 Welfare
- Sponsor EIN: 160839767
- Sponsor Address: 415 WEST SECOND STREET, ELMIRA, NY, 14901
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 224
- Total Assets: $28.4M
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 | 224 | $28.4M | $4.4M | $4,000 |
| 2023 | 242 | $26.8M | $4.1M | $12,860 |
| 2022 | 228 | $26.9M | $4.1M | $9,262 |
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 |
|---|---|---|---|---|
| EXCELLUS BLUE CROSS BLUE SHIELD | Other Service Provider | $138,917 | — | $138,917 |
| MANNING & NAPIER ADVISORS, INC. | Other Service Provider | $46,178 | — | $46,178 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $40,000 | — | $40,000 |
| ASB CAPITAL COMPANY | Other Service Provider | $38,014 | — | $38,014 |
| STEPHANIE YOUNG | Other Service Provider | $37,041 | — | $37,041 |
| KRIS VANFLEET | Other Service Provider | $31,302 | — | $31,302 |
| MENGEL METZGER BARR & CO. LLP | Auditor | $29,000 | — | $29,000 |
| BLITMAN & KING | Other Service Provider | $25,814 | — | $25,814 |
| ARISTOTLE CREDIT PARTNERS | Other Service Provider | $15,750 | — | $15,750 |
| IPS | Other Service Provider | $14,250 | — | $14,250 |
| JOSEPH MCCARTHY & ASSOCIATES | Other Service Provider | $11,221 | — | $11,221 |
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: $427,487
- Estimated Expense Ratio: 1.503% 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 | $871,891 | $116,373 | — | $40,413 | — |
| 2023 | $874,420 | $133,557 | — | $38,995 | — |
| 2022 | $810,973 | $163,147 | — | — | $78,666 |