Plan Snapshot
- Plan Sponsor: Ibew 648 Pension Plan
- Sponsor EIN: 316134845
- Sponsor Address: 9200 U.S. ROUTE 60, ONA, WV, 25545
- Plan Type: DB
- 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. |
|---|---|---|---|---|
| 2025 | 456 | $90.0M | $0 | $0 |
| 2024 | 392 | $80.0M | $0 | $0 |
| 2023 | 365 | $70.4M | $0 | $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 |
|---|---|---|---|---|
| CLARK, SCHAEFER, HACKETT & CO. | Auditor | $34,200 | — | $34,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $34,200
- Estimated Expense Ratio: 0.038% 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 |
|---|---|---|---|---|---|
| 2025 | $557,541 | $322,673 | $39,893 | $34,200 | — |
| 2024 | $532,582 | $283,519 | $34,960 | $29,695 | — |
| 2023 | $409,397 | $209,633 | $40,447 | — | $84,419 |