# Electricians Annuity Fund Ibew Local 456 DC Plan
Source: https://planprovider.pro/companies/electricians-annuity-fund-ibew-local-456-plan

> Electricians Annuity Fund Ibew Local 456's DC plan: 1,433 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Electricians Annuity Fund Ibew Local 456

- **Sponsor EIN:** 222180156

- **Sponsor Address:** C/O I.E. SHAFFER CO., P.O. BOX 1028, WEST TRENTON, NJ, 086280230

- **Plan Type:** DC

- **Total Participants:** 1,433

- **Total Assets:** $355.8M

## 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:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|1,433|$355.8M|$15.0M|$0|

| 2023|1,346|$328.4M|$14.9M|$0|

| 2022|1,349|$296.2M|$14.0M|$707,747|

## 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|

| IBEW LOCAL 456 ANNUITY FUND|NONE|$518,853|—|$518,853|

| I.E. SHAFFER & CO.|NONE|$248,762|—|$248,762|

| EMPOWER ANNUITY INSURANCE COMPANY|NONE|$76,449|—|$76,449|

| MSPC CERTIFIED PUBLIC ACCOUNTANTS|NONE|$39,965|—|$39,965|

| UBS FINANCIAL SERVICES|NONE|$25,000|—|$25,000|

| KROLL HEINEMAN|NONE|$17,094|—|$17,094|

| NEW BRUNSWICK ELECTRICIANS CLUB|NONE|$16,469|—|$16,469|

| LINDABURY, MCCORMICK, ESTABROOK|NONE|$11,367|—|$11,367|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MSPC CERTIFIED PUBLIC ACCOUNTANTS](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — NONE

- [UBS FINANCIAL SERVICES](https://planprovider.pro/provider/aspire-financial-services) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $953,959

- **Estimated Expense Ratio:** 0.268% 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|$472,846|—|$248,762|$39,965|—|

| 2023|$482,820|—|$259,908|$38,266|—|

| 2022|$403,107|$25,000|$169,960|—|$77,378|

## Similar Plans

- [Board Of Trustees Local 351 Pension Fund](https://planprovider.pro/companies/board-of-trustees-local-351-pension-fund-plan) — 1,581 participants

- [Joint Pension Fund Local Union 164 Ibew](https://planprovider.pro/companies/joint-pension-fund-local-union-164-ibew-plan) — 1,746 participants

- [One Diversified, LLC](https://planprovider.pro/companies/one-diversified-llc-401k-plan) — 1,811 participants

- [Ibew Local Union 269 Annuity Fund](https://planprovider.pro/companies/ibew-local-union-269-annuity-fund-plan) — 989 participants

- [Liuna 616 Dc Retirement Plan](https://planprovider.pro/companies/liuna-616-dc-retirement-plan-plan) — 1,907 participants

- [Joint Pension Fund Of Local Union No 102 Ibew Board Of Trustees](https://planprovider.pro/companies/joint-pension-fund-of-local-union-plan) — 1,981 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/electricians-annuity-fund-ibew-local-456-plan)

© 2026 PlanProvider.Pro