# Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-the-ibew-local-25-health-benefit-fund-111630810-501

> Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund's Health & Welfare plan: 1,652 participants, plan year 2025 financials, providers, and benchmark…

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Of The Ibew Local 25 Health & Benefit Fund

- **Sponsor EIN:** 111630810

- **Sponsor Address:** 372 VANDERBILT MOTOR PARKWAY, HAUPPAUGE, NY, 117885133

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,652

- **Total Assets:** $93.6M

## 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.|

| 2025|1,652|$93.6M|$0|$0|

| 2024|1,596|$82.4M|$45.3M|$3.1M|

| 2023|1,671|$76.8M|$42.9M|$3.2M|

| 2022|1,699|$71.0M|$39.8M|$3.4M|

## 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|

| MAGNACARE ADMINISTRATIVE SRVCS LLC|Other Service Provider|$1,411,185|—|$1,411,185|

| LABOR FIRST|Other Service Provider|$363,157|—|$363,157|

| PAYER MATRIX|Other Service Provider|$317,521|—|$317,521|

| CBIZ RETIREMENT PLAN SERVICES|Other Service Provider|$114,285|—|$114,285|

| BANK OF NEW YORK MELLON|Other Service Provider|$95,701|—|$95,701|

| SCHULTHEIS & PANETTIERI, LLP|Other Service Provider|$62,675|—|$62,675|

| ARCHER, BYINGTON, GLENNON & LEVINE|ERISA Attorney|$39,854|—|$39,854|

| NATIONAL INVESTMENT SERVICES|Other Service Provider|$29,664|—|$29,664|

| LOOMIS SAYLES TRUST COMPANY|Other Service Provider|$20,335|—|$20,335|

| WELLINGTON TRUST COMPANY, NA|Other Service Provider|$7,380|—|$7,380|

| BERARD & ASSOCIATES, CPA'S PC|Other Service Provider|$6,100|—|$6,100|

| SEGAL MARCO ADVISORS|Other Service Provider|$5,000|—|$5,000|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,472,857

- **Estimated Expense Ratio:** 2.641% 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|

| 2025|$47,420,389|$62,378|—|$62,675|—|

| 2024|$1,345,511|$58,784|—|$60,850|—|

| 2023|$1,366,328|$58,398|—|$58,725|—|

| 2022|$1,352,091|$175,238|—|—|$262,482|

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