Plan Snapshot
- Plan Sponsor: Ibew Local 38 Pension Plan
- Sponsor EIN: 346574238
- Sponsor Address: P.O. BOX 6326, CLEVELAND, OH, 44101
- Plan Type: DB
- Plan Number: 001
- Total Participants: 1,704
- Total Assets: $446.0M
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 | 1,704 | $446.0M | $25.6M | $0 |
| 2023 | 1,575 | $426.6M | $24.3M | $0 |
| 2022 | 1,542 | $409.0M | $23.5M | $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 |
|---|---|---|---|---|
| MANNING & NAPIER | Investment Advisor | $369,197 | — | $369,197 |
| FISHER INVESTMENTS | Investment Advisor | $324,706 | — | $324,706 |
| EARNEST PARTNERS | Investment Advisor | $271,063 | — | $271,063 |
| IBEW LOCAL 38 FRINGE BENEFIT FUNDS | Recordkeeper | $158,638 | — | $158,638 |
| ASB CAPITAL MANAGEMENT LLC | Investment Advisor | $132,573 | — | $132,573 |
| UMB FUND SERVICES | Investment Advisor | $107,065 | — | $107,065 |
| SEGAL MACRO ADVISORS | Other Service Provider | $102,667 | — | $102,667 |
| JP MORGAN CHASE BANK, N.A. | Investment Advisor | $99,913 | — | $99,913 |
| NATIONAL REAL ESTATE ADVISORS LLC | Investment Advisor | $80,839 | — | $80,839 |
| SEGAL COMPANY | Actuary | $65,914 | — | $65,914 |
| LOOMIS SAYLES TRUST COMPANY | Investment Advisor | $61,552 | — | $61,552 |
| PNC FINANCIAL SERVICES | Custodian / Trustee | $35,145 | — | $35,145 |
| ALLOTTA FARLEY & CO LLP | ERISA Attorney | $24,803 | — | $24,803 |
| YURCHYK & DAVIS CPA'S, INC. | Auditor | $17,900 | — | $17,900 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $9,280 | — | $9,280 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,861,255
- Estimated Expense Ratio: 0.417% 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 | $2,056,344 | $102,667 | $158,638 | $17,900 | — |
| 2023 | $2,033,227 | $88,000 | $202,770 | $16,800 | — |
| 2022 | $2,093,301 | $1,525,400 | $198,182 | — | $137,844 |