# Ibew Local 241 DC Plan
Source: https://planprovider.pro/companies/ibew-local-241-166118689-002

> Ibew Local 241's DC plan: 193 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 241

- **Sponsor EIN:** 166118689

- **Sponsor Address:** 134 CECIL A MALONE DRIVE, ITHACA, NY, 14850

- **Plan Type:** DC

- **Plan Number:** 002

- **Total Participants:** 193

- **Total Assets:** $36.1M

## 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|193|$36.1M|$1.7M|$0|

| 2023|179|$33.7M|$1.6M|$0|

| 2022|196|$30.3M|$1.3M|$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|

| MENGEL, METZGER, BARR & CO. LLP|Auditor|$32,382|—|$32,382|

| BLITMAN & KING|Other Service Provider|$28,700|—|$28,700|

| SOLXSYS ADMINISTRATIVE SOLUTIONS|Recordkeeper|$28,500|—|$28,500|

| SEGAL ADVISORS|Investment Advisor|$23,000|—|$23,000|

| VOYA RETIREMENT ADVISORS|Investment Advisor|$12,309|—|$12,309|

### Verified Provider Profiles

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

- [MENGEL, METZGER, BARR & CO. LLP](https://planprovider.pro/provider/mengel-metzger-barr-and-co-llp) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $124,891

- **Estimated Expense Ratio:** 0.346% 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|$200,729|$87,343|—|$32,382|—|

| 2023|$169,962|$51,553|—|$24,633|—|

| 2022|$146,416|$28,493|—|—|$94,854|

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