# Ibew Local 1249 Insurance Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-1249-insurance-fund-156025162-501

> Ibew Local 1249 Insurance Fund's Health & Welfare plan: 3,229 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/bonadio-and-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|

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