Plan Snapshot
- Plan Sponsor: Ibew Local 1377 Eligible Retires Veba Tr
- Sponsor EIN: 266885036
- Sponsor Address: 3955 CENTER ROAD #65, BRUNSWICK, OH, 442127903
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 29
- Total Assets: $38.4M
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. |
|---|---|---|---|---|
| 2025 | 29 | $38.4M | $0 | $0 |
| 2024 | 29 | $36.9M | $0 | $178,510 |
| 2023 | 40 | $35.3M | $0 | $349,964 |
| 2022 | 32 | $34.0M | $0 | $376,642 |
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 |
|---|---|---|---|---|
| MUTUAL HEALTH SERVICES | Other Service Provider | $183,092 | — | $183,092 |
| JACKSON, DIEKEN AND ASSOCIATES | Insurance Carrier | $72,729 | — | $72,729 |
| QUELINE CONSULTING | Recordkeeper | $58,739 | — | $58,739 |
| CBIZ EMPLOYEE BENEFITS | Investment Advisor | $57,260 | — | $57,260 |
| SAMARITAN FUND | Recordkeeper | $55,000 | — | $55,000 |
| EIDE BAILLY LLP | Auditor | $14,500 | — | $14,500 |
| CENTRAL DATA SERVICES, INC. | Other Service Provider | $14,240 | — | $14,240 |
| CALL A DOCTOR | Other Service Provider | $14,053 | — | $14,053 |
| PARSONS RISK STRATEGIES | Other Service Provider | $8,300 | — | $8,300 |
| LPFG, LLC | Other Service Provider | $6,800 | — | $6,800 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $484,713
- Estimated Expense Ratio: 1.262% 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 |
|---|---|---|---|---|---|
| 2025 | $1,610,919 | $129,179 | $14,240 | $21,300 | — |
| 2024 | $389,528 | $125,713 | $14,481 | $20,975 | — |
| 2023 | $354,624 | $118,119 | $14,421 | $14,350 | — |
| 2022 | $359,686 | $125,121 | $30,515 | — | $138,054 |