# Ibew 648 Pension Plan DB Plan
Source: https://planprovider.pro/companies/ibew-648-pension-plan-316134845-001

> Ibew 648 Pension Plan's DB plan: 456 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/empower) — 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|

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