# Ibew Joint Pension Fund Local 456 DB Plan
Source: https://planprovider.pro/companies/ibew-joint-pension-fund-local-456-plan

> Ibew Joint Pension Fund Local 456's DB plan: 712 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

| I.E. SHAFFER & CO.|NONE|$382,006|—|$382,006|

| UBS FINANCIAL SERVICES|NONE|$299,230|—|$299,230|

| NEUBERGER BERMAN, LLC|NONE|$206,960|—|$206,960|

| KAYNE ANDERSON RUDNICK INVESTMENT|NONE|$199,233|—|$199,233|

| BLACKSTONE ALTERNATIVE ASSET MANAGE|NONE|$159,366|—|$159,366|

| DIAMOND HILL CAPITAL MANAGEMENT INC|NONE|$133,255|—|$133,255|

| RICHMOND CAPITAL MANAGEMENT|NONE|$113,645|—|$113,645|

| JP MORGAN|NONE|$102,707|—|$102,707|

| MSPC CERTIFIED PUBLIC ACCOUNTANTS|NONE|$54,732|—|$54,732|

| BRADFORD & MARZEC|NONE|$52,507|—|$52,507|

| MANNING AND NAPIER ADVISORS, LLC|NONE|$44,439|—|$44,439|

| KROLL & HEINEMAN|NONE|$34,001|—|$34,001|

| SUMMIT ACTUARIAL SERVICES|NONE|$26,125|—|$26,125|

| LINDABURY, MCCORMICK, ESTABROOK|NONE|$20,357|—|$20,357|

| NEW BRUNSWICK ELECTRICIANS CLUB|NONE|$16,469|—|$16,469|

| INVESCO INVESTMENT MANAGEMENT CO|NONE|$8,996|—|$8,996|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [UBS FINANCIAL SERVICES](https://planprovider.pro/provider/aspire-financial-services) — NONE

- [JP MORGAN](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

- [MSPC CERTIFIED PUBLIC ACCOUNTANTS](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — NONE

- [MANNING AND NAPIER ADVISORS, LLC](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $1,854,028

- **Estimated Expense Ratio:** 0.614% 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|

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