Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local 840 Annuity Fund
- Sponsor EIN: 226477218
- Sponsor Address: P.O. BOX 851, GENEVA, NY, 144560851
- Plan Type: DC
- Total Participants: 536
- Total Assets: $16.1M
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 | 536 | $16.1M | $1.1M | $0 |
| 2023 | 390 | $15.6M | $968,481 | $0 |
| 2022 | 315 | $14.8M | $919,744 | $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 |
|---|---|---|---|---|
| UBS FINANCIAL SERVICES, INC. | NONE | $86,572 | — | $86,572 |
| IBEW LOCAL 840 PENSION FUND | RELATED BENEFIT PLAN | $81,594 | — | $81,594 |
| BONADIO & CO.,LLP | NONE | $12,900 | — | $12,900 |
| LIFETIME BENEFIT SOLUTIONS | NONE | $10,485 | — | $10,485 |
| ROBERT PIZZO | NONE | $6,930 | — | $6,930 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO.,LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $198,481
- Estimated Expense Ratio: 1.232% 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 | $203,234 | $86,572 | — | $12,900 | — |
| 2023 | $192,145 | $87,524 | — | $12,800 | — |
| 2022 | $205,837 | $96,848 | — | — | $20,720 |