Plan Snapshot
- Plan Sponsor: Ibew Local 1249 Insurance Fund
- Sponsor EIN: 156025162
- Sponsor Address: 8531 BREWERTON ROAD, CICERO, NY, 13039
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,229
- Total Assets: $134.2M
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 | 3,229 | $134.2M | $60.6M | $757,959 |
| 2023 | 3,241 | $125.1M | $60.8M | $747,371 |
| 2022 | 3,043 | $112.1M | $58.0M | $717,533 |
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 |
|---|---|---|---|---|
| UMR INC. | Other Service Provider | $1,727,860 | $71,707 | $1,799,567 |
| US RX CARE | Other Service Provider | $255,320 | — | $255,320 |
| KEENAN & ASSOCIATES | Other Service Provider | $213,754 | — | $213,754 |
| DELTA DENTAL | Other Service Provider | $203,084 | — | $203,084 |
| TELADOC, INC | Other Service Provider | $143,009 | — | $143,009 |
| BENEFIT RESOUCE LLC | Other Service Provider | $130,686 | — | $130,686 |
| ENV INSURANCE AGENCY INC | Other Service Provider | $72,764 | — | $72,764 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $45,619 | — | $45,619 |
| BONADIO & CO, LLP | Auditor | $40,300 | — | $40,300 |
| BLITMAN AND KING | Other Service Provider | $38,078 | — | $38,078 |
| DAVIS VISION | Other Service Provider | $29,049 | — | $29,049 |
| O'SULLIVAN ASSOCIATES | Other Service Provider | $23,040 | — | $23,040 |
| WAYCROSS PARTNERS LLC | Other Service Provider | $16,557 | — | $16,557 |
| EXPRESS SCRIPTS | Other Service Provider | $16,461 | — | $16,461 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,027,288
- Estimated Expense Ratio: 2.256% 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 | $1,158,110 | $39,357 | — | $40,300 | — |
| 2023 | $1,194,952 | $44,778 | — | $38,300 | — |
| 2022 | $1,155,202 | $41,874 | — | — | $109,675 |