# I.B.E.W. Local 81 Defined Benefit Pension Plan Joint Board Of Trustees DB Plan
Source: https://planprovider.pro/companies/i-b-e-w-local-81-defined-benefit-pension-plan-joint-board-of-trustees-260557668-002

> I.B.E.W. Local 81 Defined Benefit Pension Plan Joint Board Of Trustees's DB plan: 371 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/mmq-and-associates-pc) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/i-b-e-w-local-81-defined-benefit-pension-plan-joint-board-of-trustees-260557668-002)

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