Plan Snapshot
- Plan Sponsor: I.B.E.W. Local 81 Defined Benefit Pension Plan Joint Board Of Trustees
- Sponsor EIN: 260557668
- Sponsor Address: 431 WYOMING AVENUE, SCRANTON, PA, 185031228
- Plan Type: DB
- Plan Number: 002
- Total Participants: 371
- Total Assets: $22.6M
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 | 371 | $22.6M | $1.6M | $0 |
| 2023 | 349 | $20.1M | $1.8M | $0 |
| 2022 | 338 | $16.4M | $1.6M | $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 |
|---|---|---|---|---|
| PEOPLES SECURITY BANK & TRUST | Other Service Provider | $77,118 | — | $77,118 |
| THE MCKEOGH COMPANY | Other Service Provider | $34,422 | — | $34,422 |
| FABIAN & BYRN LLC | Other Service Provider | $31,566 | — | $31,566 |
| MMQ & ASSOCIATES P.C. | Auditor | $13,400 | — | $13,400 |
| KANG HAGGERTY LLC | Other Service Provider | $13,202 | — | $13,202 |
| MERANZE KATZ AND GAUDIOSO PC | 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: $182,708
- Estimated Expense Ratio: 0.809% 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 | $220,925 | — | $31,566 | $13,400 | — |
| 2023 | $202,748 | — | $35,054 | $18,400 | — |
| 2022 | $185,866 | $56,451 | $35,445 | — | $37,100 |