Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 1783 I.B.E.W. Pension Fund
- Sponsor EIN: 131889643
- Sponsor Address: 84 BUSINESS PARK DRIVE, NORTH WHITE PLAINS, NY, 106032414
- Plan Type: DB
- Total Participants: 74
- Total Assets: $16.7M
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 | 74 | $16.7M | $239,652 | $0 |
| 2023 | 88 | $17.6M | $205,316 | $0 |
| 2022 | 72 | $18.6M | $200,093 | $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 |
|---|---|---|---|---|
| LAYNE MCCARTHY | Other Service Provider | $100,145 | — | $100,145 |
| ROSEMARIE MCCARTHY | Other Service Provider | $55,350 | — | $55,350 |
| QUAN-VEST | Other Service Provider | $48,000 | — | $48,000 |
| MCCARTHY & PREECE PLLC | Other Service Provider | $42,000 | — | $42,000 |
| NEWTOWER TRUST COMPANY | Other Service Provider | — | $24,995 | $24,995 |
| LAWRENCE S. FISCHER, CPA | Other Service Provider | $24,700 | — | $24,700 |
| GILBERTO MENDOZA | Custodian / Trustee | $18,177 | — | $18,177 |
| ANDREW FAIR, ESQ. | Custodian / Trustee | $18,000 | — | $18,000 |
| MATTHEW ROCCO | Custodian / Trustee | $18,000 | — | $18,000 |
| DYLAN WILEY | Custodian / Trustee | $15,000 | — | $15,000 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $13,000 | — | $13,000 |
| WEAVER & TIDWELL, LLP | Auditor | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER & TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $383,367
- Estimated Expense Ratio: 2.289% 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 | $537,107 | $48,995 | — | $24,700 | — |
| 2023 | $507,747 | $24,000 | — | — | — |
| 2022 | $564,500 | $24,000 | — | — | $223,300 |