# Ibew Local 269 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-269-welfare-fund-223693537-501

> Ibew Local 269 Welfare Fund's Health & Welfare plan: 819 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 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](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

- [VANGUARD INSTITUTIONAL INVESTOR SER](https://planprovider.pro/provider/the-vanguard-group-inc) — Recordkeeper

- [MILLIMAN INC.](https://planprovider.pro/provider/milliman) — 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|

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