Plan Snapshot
- Plan Sponsor: Ibew Joint Pension Fund Local 456
- Sponsor EIN: 226238995
- Sponsor Address: C/O I.E. SHAFFER CO., P.O. BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: DB
- Total Participants: 712
- Total Assets: $301.8M
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 | 712 | $301.8M | $17.3M | $0 |
| 2023 | 794 | $276.1M | $17.2M | $0 |
| 2022 | 766 | $244.3M | $15.3M | $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 |
|---|---|---|---|---|
| MSPC CERTIFIED PUBLIC ACCOUNTANTS A | Auditor | $54,732 | — | $54,732 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS A — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,732
- Estimated Expense Ratio: 0.018% 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 | $1,941,298 | $1,021,108 | $382,006 | $54,732 | — |
| 2023 | $1,895,738 | $1,020,055 | $372,056 | $54,075 | — |
| 2022 | $1,814,989 | $1,332,736 | $242,406 | — | $137,390 |