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

> Ibew 648 Pension Plan&#39;s DB plan: 456 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## 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|

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