Plan Snapshot
- Plan Sponsor: Ibew 648 Pension Plan
- Sponsor EIN: 316134845
- Sponsor Address: 9200 U.S. ROUTE 60, ONA, WV, 25545
- Plan Type: DB
- Plan Number: 001
- Total Participants: 456
- Total Assets: $90.0M
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 | 456 | $90.0M | $8.7M | $0 |
| 2023 | 392 | $80.0M | $7.2M | $0 |
| 2022 | 365 | $70.4M | $7.4M | $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 |
|---|---|---|---|---|
| ADAMS STREET INVESTMENT | Other Service Provider | $53,020 | — | $53,020 |
| CUNI, RUST & STRENK | Other Service Provider | $49,500 | — | $49,500 |
| NEWTOWER TRUST COMPANY | Other Service Provider | $41,108 | — | $41,108 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $38,895 | — | $38,895 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $38,663 | — | $38,663 |
| EMPOWER TRUST COMPANY LLC | Recordkeeper | $37,852 | — | $37,852 |
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $37,049 | — | $37,049 |
| LEDBETTER, PARISI, LLC | Other Service Provider | $36,707 | — | $36,707 |
| BRANDYWINE GLOBAL INVESTMENT MGMT | Other Service Provider | $33,163 | — | $33,163 |
| NUVEEN, LLC | Other Service Provider | $28,408 | — | $28,408 |
| STANDARD VALUATIONS, INC. | Other Service Provider | $24,750 | — | $24,750 |
| SEGALL BRYANT & HAMILL LLC | Other Service Provider | $23,540 | — | $23,540 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | $23,051 | — | $23,051 |
| PNC BANK NATIONAL ASSOCIATION | Other Service Provider | $21,681 | — | $21,681 |
| ZACKS INVESTMENT MANAGEMENT | Other Service Provider | $15,478 | — | $15,478 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $13,581 | — | $13,581 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $8,143 | — | $8,143 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPOWER TRUST COMPANY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $524,589
- Estimated Expense Ratio: 0.583% 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 | $557,541 | $322,673 | $39,893 | $34,200 | — |
| 2023 | $532,582 | $283,519 | $34,960 | $29,695 | — |
| 2022 | $409,397 | $209,633 | $40,447 | — | $84,419 |