# Ibew Local 38 Pension Plan DB Plan
Source: https://planprovider.pro/companies/ibew-local-38-pension-plan-346574238-001

> Ibew Local 38 Pension Plan's DB plan: 1,704 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 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|

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