Plan Snapshot
- Plan Sponsor: Ibew Local No. 223 Union
- Sponsor EIN: 041472089
- Sponsor Address: 321 RESEARCH PKWY STE 110, MERIDEN, CT, 064508340
- Plan Type: DC
- Total Participants: 581
- Total Assets: $30.2M
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 | 581 | $30.2M | $2.3M | $0 |
| 2023 | 631 | $27.5M | $2.3M | $0 |
| 2022 | 566 | $23.6M | $0 | $1.7M |
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 |
|---|---|---|---|---|
| LAPIER DILLON & ASSOCIATES PC | Auditor | $39,817 | — | $39,817 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAPIER DILLON & ASSOCIATES PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,817
- Estimated Expense Ratio: 0.132% 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 | $147,542 | $33,366 | $30,256 | $39,817 | — |
| 2023 | $81,302 | $19,127 | $29,984 | $4,520 | — |
| 2022 | $71,861 | $20,444 | — | — | $24,482 |