Plan Snapshot
- Plan Sponsor: Electricians Welfare Fund Local No. 81 Joint Board Of Trustees
- Sponsor EIN: 246021365
- Sponsor Address: 431 WYOMING AVENUE, SCRANTON, PA, 18503
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 425
- Total Assets: $17.8M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 425 | $17.8M | $9.8M | $63,239 |
| 2023 | 435 | $16.3M | $8.3M | $80,875 |
| 2022 | 413 | $15.5M | $7.8M | $88,594 |
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 |
|---|---|---|---|---|
| HIGHMARK INC | Other Service Provider | $406,025 | — | $406,025 |
| FABIAN & BYRN LLC | Other Service Provider | $77,442 | — | $77,442 |
| PEOPLES SECURITY BANK & TRUST | Other Service Provider | $43,835 | — | $43,835 |
| THE MCKEOGH COMPANY | Other Service Provider | $43,667 | — | $43,667 |
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $42,530 | — | $42,530 |
| MMQ & ASSOCIATES P.C. | Auditor | $20,900 | — | $20,900 |
| KANG HAGGERTY | Other Service Provider | $13,202 | — | $13,202 |
| MERANZE KATZ & GAUDIOSO, P.C. | Other Service Provider | $13,000 | — | $13,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMQ & ASSOCIATES P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $660,601
- Estimated Expense Ratio: 3.708% 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 | $563,926 | — | $402,769 | $20,900 | — |
| 2023 | $568,361 | — | $408,374 | $25,900 | — |
| 2022 | $529,489 | $42,289 | $392,381 | — | $78,627 |