Plan Snapshot
- Plan Sponsor: Ibew Local 269 Welfare Fund
- Sponsor EIN: 223693537
- Sponsor Address: C/O I.E. SHAFFER CO, PO BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 819
- Total Assets: $48.5M
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 | 819 | $48.5M | $26.6M | $2.1M |
| 2023 | 802 | $40.6M | $22.9M | $2.0M |
| 2022 | 777 | $35.1M | $21.0M | $2.0M |
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 |
|---|---|---|---|---|
| LABOR FIRST LLC | Other Service Provider | $1,089,235 | — | $1,089,235 |
| I.E. SHAFFER & CO. | Other Service Provider | $474,897 | — | $474,897 |
| AETNA LIFE INSURANCE CO | Other Service Provider | $378,097 | — | $378,097 |
| CAPITAL RX, INC. | Other Service Provider | $212,077 | — | $212,077 |
| DELTA DENTAL OF NJ | Other Service Provider | $68,783 | — | $68,783 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $65,275 | — | $65,275 |
| PELLETTIERI, RABSTEIN & ALTMAN | Other Service Provider | $35,283 | — | $35,283 |
| VANGUARD INSTITUTIONAL INVESTOR SER | Recordkeeper | $20,164 | — | $20,164 |
| PRINCETON HEALTHCARE SYSTEM EAP | Other Service Provider | $19,518 | — | $19,518 |
| MILLIMAN INC. | Recordkeeper | $11,173 | — | $11,173 |
| THE MCKEOGH COMPANY | Other Service Provider | $9,750 | — | $9,750 |
| PFM ASSET MANAGEMENT, LLC | Other Service Provider | $9,500 | — | $9,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
- VANGUARD INSTITUTIONAL INVESTOR SER — Recordkeeper
- MILLIMAN INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,393,752
- Estimated Expense Ratio: 4.936% 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 | $639,661 | $20,164 | $474,897 | $65,275 | — |
| 2023 | $539,037 | $17,359 | $395,974 | $50,649 | — |
| 2022 | $551,690 | $26,951 | $380,082 | — | $118,007 |