Plan Snapshot
- Plan Sponsor: Ibew Local 269 Pension Fund
- Sponsor EIN: 237301491
- Sponsor Address: C/O I.E. SHAFFER CO., PO BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: DB
- Total Participants: 858
- Total Assets: $220.3M
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 | 858 | $220.3M | $13.8M | $0 |
| 2023 | 820 | $199.8M | $12.1M | $0 |
| 2022 | 914 | $174.6M | $10.9M | $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 |
|---|---|---|---|---|
| I.E. SHAFFER & CO. | NONE | $330,025 | — | $330,025 |
| WACHOVIA BANK NA | NONE | $270,157 | — | $270,157 |
| WCM INVESTMENT MANAGEMENT | NONE | $100,366 | — | $100,366 |
| WESTERN ASSET MANAGEMENT | NONE | $97,682 | — | $97,682 |
| LAZARD ASSET MANAGEMENT LLC | NONE | $95,189 | — | $95,189 |
| COPELAND CAPITAL MANAGEMENT, LLC | NONE | $87,804 | — | $87,804 |
| VOYA INVESTMENTS | NONE | $76,781 | — | $76,781 |
| BAIRD FUNDS INC. C/O U.S. BANCORP | NONE | $67,446 | — | $67,446 |
| MEPT NEWTOWER TRUST | NONE | $48,439 | — | $48,439 |
| BENTALL GREEN OAK | NONE | $47,277 | — | $47,277 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | NONE | $37,669 | — | $37,669 |
| PELLETTIERI, RABSTEIN & ALTMAN | NONE | $30,871 | — | $30,871 |
| PFM ADVISORS | NONE | $30,000 | — | $30,000 |
| VANGUARD INSTITUTION INVESTOR SERVI | NONE | $25,508 | — | $25,508 |
| THE MCKEOGH COMPANY | NONE | $24,250 | — | $24,250 |
| VANGUARD | NONE | $13,077 | — | $13,077 |
| ALLSPRING GLOBAL INVESTMENTS LLC | NONE | $9,934 | — | $9,934 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — NONE
- VANGUARD — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,392,475
- Estimated Expense Ratio: 0.632% 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 | $1,474,428 | $969,660 | $330,025 | $37,669 | — |
| 2023 | $1,330,641 | $910,849 | $273,621 | $30,742 | — |
| 2022 | $1,289,222 | $883,303 | $261,755 | — | $73,350 |