Plan Snapshot
- Plan Sponsor: Ibew Afl-Cio Local Union 743 Neca Penn-Del-Jersey Chapter Reading Divi
- Sponsor EIN: 232177602
- Sponsor Address: 20 MORGAN DRIVE, READING, PA, 196081753
- Plan Type: DC
- Total Participants: 490
- Total Assets: $125.6M
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 | 490 | $125.6M | $7.5M | $0 |
| 2023 | 494 | $114.1M | $7.6M | $0 |
| 2022 | 487 | $99.9M | $8.1M | $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 |
|---|---|---|---|---|
| CAPTRUST FINANCIAL ADVISORS | Other Service Provider | $82,059 | — | $82,059 |
| JOHN HANCOCK RETIREMENT SERVICES | Recordkeeper | $30,941 | — | $30,941 |
| MEYER UNKOVIC & SCOTT LLP | ERISA Attorney | $30,077 | — | $30,077 |
| FABIAN & BYRN, TPA | Other Service Provider | $26,133 | — | $26,133 |
| LAWRENCE C. MUSGROVE ASSOCIATES | Other Service Provider | $22,528 | — | $22,528 |
| ALAN ROSS & COMPANY PC | Other Service Provider | $11,500 | — | $11,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT SERVICES — Recordkeeper
- MEYER UNKOVIC & SCOTT LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $203,238
- Estimated Expense Ratio: 0.162% 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 | $231,899 | $113,001 | $44,002 | $11,500 | — |
| 2023 | $181,406 | $96,071 | $28,255 | $11,500 | — |
| 2022 | $174,918 | $97,097 | $28,481 | — | $34,122 |