Plan Snapshot
- Plan Sponsor: Iatse Local 8 Annuity Fund
- Sponsor EIN: 232785557
- Sponsor Address: 485 DEVON PARK DR STE 201, WAYNE, PA, 190871807
- Plan Type: DC
- Total Participants: 3,137
- Total Assets: $69.4M
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 | 3,137 | $69.4M | $6.5M | $0 |
| 2023 | 2,997 | $63.5M | $5.6M | $0 |
| 2022 | 2,927 | $52.5M | $5.1M | $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 |
|---|---|---|---|---|
| EMPOWER INSURANCE CO OF AMERICA | NONE | $152,702 | — | $152,702 |
| CLEARY JOSEM TRIGANNI LLP | NONE | $27,175 | — | $27,175 |
| ONEILL CONSULTING CORP | NONE | $25,200 | — | $25,200 |
| NOVAK FRANCELLA | NONE | $12,392 | — | $12,392 |
| ANTHONY M PONTARELLI CPA LLC | NONE | $8,500 | — | $8,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $225,969
- Estimated Expense Ratio: 0.326% 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 | $278,767 | $45,971 | $25,200 | $8,500 | — |
| 2023 | $318,437 | $40,259 | $225,644 | $7,000 | — |
| 2022 | $277,713 | $39,790 | $24,000 | — | $26,240 |