# I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board Of Trustees DC Plan
Source: https://planprovider.pro/companies/i-b-e-w-local-673-profit-sharing-annuity-plan-board-of-trustees-plan

> I.B.E.W. Local 673 Profit Sharing Annuity Plan - Board Of Trustees's DC plan: 181 participants, plan year 2024 financials, providers, and benchmarks from For…

Form 5500 filing data for plan year 2024.

## 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|

## Similar Plans

- [Electrical Specialists, INC. Dba The Superior Group](https://planprovider.pro/companies/electrical-specialists-inc-dba-the-superior-group-plan) — 168 participants

- [Board Of Trustees Of Ibew Local 688 Retirement Fund](https://planprovider.pro/companies/board-of-trustees-of-ibew-local-688-retirement-fund-plan) — 200 participants

- [Trustees Of Plan I B E W Local 673 Pension Plan](https://planprovider.pro/companies/trustees-of-plan-i-b-e-w-local-673-pension-plan-plan) — 157 participants

- [Ohio Valley Electrical Services, INC.](https://planprovider.pro/companies/ohio-valley-electrical-services-inc-401k-plan) — 155 participants

- [Seam Group LLC](https://planprovider.pro/companies/seam-group-llc-401k-plan) — 210 participants

- [Ibew Local 688 Pension Plan](https://planprovider.pro/companies/ibew-local-688-pension-plan-plan) — 151 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/i-b-e-w-local-673-profit-sharing-annuity-plan-board-of-trustees-plan)

© 2026 PlanProvider.Pro