Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local 688 Retirement Fund
- Sponsor EIN: 341536966
- Sponsor Address: P.O. BOX 1384, MANSFIELD, OH, 44901
- Plan Type: DC
- Plan Number: 002
- Total Participants: 200
- Total Assets: $18.8M
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 | 200 | $18.8M | $1.1M | $0 |
| 2023 | 192 | $16.9M | $1.0M | $0 |
| 2022 | 183 | $14.6M | $905,801 | $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 |
|---|---|---|---|---|
| I.B.E.W. 688 FRINGE BENEFIT FUNDS | Other Service Provider | $24,008 | — | $24,008 |
| DGPERRY, PLLC | Auditor | $14,490 | — | $14,490 |
| NATIONAL REAL ESTATE ADVISORS LLC | Other Service Provider | $14,409 | — | $14,409 |
| MARINER WEALTH ADVISORS, LLC | Other Service Provider | $10,795 | — | $10,795 |
| LIBERTY INSURANCE AGENCY | Other Service Provider | $10,736 | — | $10,736 |
| BENESYS INC | Other Service Provider | $10,603 | — | $10,603 |
| MACALA & PIATT LLC | Other Service Provider | $6,212 | — | $6,212 |
| FIFTH THIRD | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DGPERRY, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $96,253
- Estimated Expense Ratio: 0.513% 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 | $102,478 | $30,204 | $34,611 | $14,490 | — |
| 2023 | $97,891 | $30,697 | $31,569 | $14,116 | — |
| 2022 | $99,593 | $29,895 | $11,175 | — | $44,446 |