# Ibew Local 351 Surety Fund Trustees DC Plan
Source: https://planprovider.pro/companies/ibew-local-351-surety-fund-trustees-plan

> Ibew Local 351 Surety Fund Trustees's DC plan: 2,075 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 351 Surety Fund Trustees

- **Sponsor EIN:** 223431479

- **Sponsor Address:** PO BOX 1028, WEST TRENTON, NJ, 08628

- **Plan Type:** DC

- **Total Participants:** 2,075

- **Total Assets:** $676.6M

## 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:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|2,075|$676.6M|$33.5M|$0|

| 2023|1,839|$601.9M|$33.3M|$0|

| 2022|2,319|$520.0M|$30.6M|$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|

| IBEW LOCAL 351 SURETY PLAN|NONE|$766,862|—|$766,862|

| I.E. SHAFFER & CO|NONE|$341,311|—|$341,311|

| EMPOWER ANNUITY INSURANCE COMPANY|NONE|$48,000|—|$48,000|

| GERSON & ASSOC CPAS AND ADVISORS PC|NONE|$38,500|—|$38,500|

| MORGAN STANLEY SMITH BARNEY LLC|NONE|$30,000|—|$30,000|

| OBRIEN BELLAND & BUSHINSKY|NONE|$28,732|—|$28,732|

| MSPC CERTIFIED PUBLIC ACCOUNTANTS|NONE|$18,476|—|$18,476|

### Verified Provider Profiles

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

- [MORGAN STANLEY SMITH BARNEY LLC](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

- [MSPC CERTIFIED PUBLIC ACCOUNTANTS](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — NONE

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,271,881

- **Estimated Expense Ratio:** 0.188% 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|$552,926|$78,000|$341,311|$56,976|—|

| 2023|$554,353|$24,000|$386,669|$49,806|—|

| 2022|$494,573|$20,833|$321,588|—|$107,520|

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