Plan Snapshot
- Plan Sponsor: I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board Of Trustees
- Sponsor EIN: 346661994
- Sponsor Address: 8356 MUNSON ROAD, MENTOR, OH, 44060
- Plan Type: DC
- Total Participants: 181
- Total Assets: $53.9M
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 | 181 | $53.9M | $1.5M | $68,807 |
| 2023 | 242 | $49.1M | $1.6M | $89,243 |
| 2022 | 174 | $44.5M | $1.4M | $107,216 |
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 |
|---|---|---|---|---|
| GALLOVIC, GRANITO & CO LTD | Auditor | $31,246 | — | $31,246 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,246
- Estimated Expense Ratio: 0.058% 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 | $164,052 | $61,687 | $42,804 | $31,246 | — |
| 2023 | $162,051 | $54,457 | $41,616 | $31,956 | — |
| 2022 | $144,878 | $55,262 | $41,350 | — | $34,496 |