Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Ibew Local 90 Benefit Plan
- Sponsor EIN: 060942804
- Sponsor Address: 8 FAIRFIELD BLVD. STE 105, WALLINGFORD, CT, 06492
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 365
- Total Assets: $3.9M
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 | 365 | $3.9M | $8.3M | $1.4M |
| 2023 | 365 | $5.7M | $8.6M | $1.4M |
| 2022 | 347 | $5.7M | $8.7M | $1.4M |
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 |
|---|---|---|---|---|
| SAV-RX | Other Service Provider | $1,445,945 | — | $1,445,945 |
| LABOR FIRST LLC | Other Service Provider | $577,452 | — | $577,452 |
| ZENITH AMERICAN | Other Service Provider | $330,252 | — | $330,252 |
| HARTFORD LIFE INSURANCE | Other Service Provider | $104,633 | — | $104,633 |
| DAVIS VISION | Other Service Provider | $97,695 | — | $97,695 |
| ZELIS CLAIMS INTEGRITY | Other Service Provider | $80,861 | — | $80,861 |
| SEGAL COMPANY | Other Service Provider | $59,469 | — | $59,469 |
| ROBERT M. CHEVERIE & ASSOCIATES P.C | Other Service Provider | $40,000 | — | $40,000 |
| BEERS HAMERMAN COHEN & BURGER PC | Other Service Provider | $20,050 | — | $20,050 |
| BRADLEY, FOSTER, & SARGENT | Other Service Provider | $16,433 | — | $16,433 |
| CT COALITION OF TAFT HARTLEY PLANS | Other Service Provider | $15,605 | — | $15,605 |
| EPIC HEARING HEALTHCARE | Other Service Provider | $13,000 | — | $13,000 |
| LOWER HUDSON VALLEY E.A.P. | Other Service Provider | $9,225 | — | $9,225 |
| NOVAK FRANCELLA | Auditor | $5,591 | — | $5,591 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,816,211
- Estimated Expense Ratio: 71.525% 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 | $1,162,932 | $14,273 | $115,903 | $20,050 | — |
| 2023 | $1,127,416 | $16,616 | $147,156 | $26,643 | — |
| 2022 | $603,042 | $10,996 | $153,658 | — | $143,912 |