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

> Ibew Local 38 Pension Plan's DB plan: 1,704 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Ibew Local 38 Pension Plan

- **Sponsor EIN:** 346574238

- **Sponsor Address:** P.O. BOX 6326, CLEVELAND, OH, 44101

- **Plan Type:** DB

- **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.|

| 2025|1,704|$446.0M|$0|$0|

| 2024|1,575|$426.6M|$0|$0|

| 2023|1,542|$409.0M|$0|$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|

| YURCHYK & DAVIS CPA'S, INC.|Auditor|$17,900|—|$17,900|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $17,900

- **Estimated Expense Ratio:** 0.004% 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|

| 2025|$2,056,344|$102,667|$158,638|$17,900|—|

| 2024|$2,033,227|$88,000|$202,770|$16,800|—|

| 2023|$2,093,301|$1,525,400|$198,182|—|$137,844|

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