# I.B.E.W. Local 38 Health & Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/i-b-e-w-local-38-health-welfare-fund-346529234-501

> I.B.E.W. Local 38 Health & Welfare Fund's Health & Welfare plan: 1,927 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** I.B.E.W. Local 38 Health & Welfare Fund

- **Sponsor EIN:** 346529234

- **Sponsor Address:** 3250 EUCLID AVENUE, SUITE 270, CLEVELAND, OH, 44115

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,927

- **Total Assets:** $26.0M

## 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|1,927|$26.0M|$33.2M|$5.5M|

| 2023|1,721|$26.1M|$31.1M|$5.6M|

| 2022|1,716|$23.3M|$29.8M|$5.8M|

## 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|

| MARATHON HEALTH, LLC|Other Service Provider|$1,007,270|—|$1,007,270|

| ANTHEM BLUE CROSS & BLUE SHIELD|Other Service Provider|$982,642|—|$982,642|

| IBEW LOCAL 38 FRINGE BENEFIT FUNDS|Recordkeeper|$135,314|—|$135,314|

| DELTA DENTAL OF OHIO|Other Service Provider|$127,078|—|$127,078|

| THE SEGAL COMPANY|Actuary|$76,890|—|$76,890|

| G&E HC REIT II PKWY MED CENTER LLC|Other Service Provider|$63,753|—|$63,753|

| ALOTTA FARLEY & CO LLP|ERISA Attorney|$61,258|—|$61,258|

| P&A GROUP|Other Service Provider|$53,186|—|$53,186|

| SAV RX|Other Service Provider|$49,248|—|$49,248|

| SEGALL BRYANT & HAMILL, LLC|Investment Advisor|$39,728|—|$39,728|

| CENTER FOR FAMILIES AND CHILDREN|Other Service Provider|$39,613|—|$39,613|

| VISION SERVICES PLAN|Other Service Provider|$34,495|—|$34,495|

| YURCHYK & DAVIS CPA'S, INC.|Auditor|$21,500|—|$21,500|

| MANNING & NAPIER|Investment Advisor|$18,018|—|$18,018|

| PCORI|Other Service Provider|$15,231|—|$15,231|

| PNC BANK NA|Custodian / Trustee|$13,203|—|$13,203|

| SEGAL MARCO CONSULTING|Other Service Provider|$12,000|—|$12,000|

| BROTHERS PRINTING CO.|Other Service Provider|$7,541|—|$7,541|

| BOYD WATTERSON ASSET MANAGEMENT|Investment Advisor|$6,840|—|$6,840|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $2,764,808

- **Estimated Expense Ratio:** 10.618% 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|$1,754,157|$12,000|$1,421,874|$21,500|—|

| 2023|$1,743,662|$12,000|$1,455,181|$19,900|—|

| 2022|$1,678,947|$62,092|$1,364,231|—|$173,050|

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