Plan Snapshot
- Plan Sponsor: Ibew 1919 H & W Fund
- Sponsor EIN: 236399505
- Sponsor Address: BEACON ADMINISTRATORS CONSULTANTS, MT LAUREL, NJ, 08054
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 4
- Total Assets: $8.2M
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 | 4 | $8.2M | $2.6M | $5,912 |
| 2023 | 32 | $7.2M | $2.7M | $11,606 |
| 2022 | 32 | $6.0M | $2.8M | $11,716 |
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 |
|---|---|---|---|---|
| BEACON ADMINISTRATORS & CONSULTANTS | Other Service Provider | $117,134 | — | $117,134 |
| MCELHANEY & ASSOCIATES, LLC | Other Service Provider | $17,500 | — | $17,500 |
| STANDARD VALUATIONS, INC. | Other Service Provider | $12,875 | — | $12,875 |
| STEPHEN J. O'BRIEN & ASSOCIATES | Other Service Provider | $7,896 | — | $7,896 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,405
- Estimated Expense Ratio: 1.890% 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 | $188,711 | $14,501 | $117,134 | $17,500 | — |
| 2023 | $176,158 | $13,986 | $106,922 | $17,500 | — |
| 2022 | $158,815 | $13,413 | $97,295 | — | $33,663 |