# Ibew Local 43 & Electrical Contractors Welfare Fund Board Of Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-43-electrical-contractors-welfare-fund-board-of-trustees-156025163-501

> Ibew Local 43 & Electrical Contractors Welfare Fund Board Of Trustees's Health & Welfare plan: 1,117 participants, plan year 2024 financials, providers, and…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ibew Local 43 & Electrical Contractors Welfare Fund Board Of Trustees

- **Sponsor EIN:** 156025163

- **Sponsor Address:** PO BOX 2218, SYRACUSE, NY, 13220

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,117

- **Total Assets:** $75.3M

## 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|1,117|$75.3M|$22.6M|$1.5M|

| 2023|1,066|$67.2M|$21.2M|$1.5M|

| 2022|1,066|$59.5M|$20.7M|$1.6M|

## 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|

| UMR, INC|Other Service Provider|$661,300|$40,974|$702,274|

| THE SEGAL CO.|Other Service Provider|$100,000|$146,620|$246,620|

| JOSEPH W. MCCARTHY & ASSOC|Other Service Provider|$125,173|—|$125,173|

| STACY BRAUN ASSOCIATES|Other Service Provider|$93,911|—|$93,911|

| KEVIN KOVAL|Recordkeeper|$90,858|—|$90,858|

| SHEILA J FITZMAURICE|Recordkeeper|$68,158|—|$68,158|

| ELIZA POTEKHIN|Other Service Provider|$65,860|—|$65,860|

| BLITMAN & KING|Other Service Provider|$60,630|—|$60,630|

| MICHELLE HOTCHKISS|Other Service Provider|$50,281|—|$50,281|

| BONADIO & CO., LLP|Auditor|$39,050|—|$39,050|

| SIMPLIFIED COMPUTERS|Other Service Provider|$26,053|—|$26,053|

| EMPLOYEE NETWORK, INC.|Recordkeeper|$25,801|—|$25,801|

| NATALIIA HARBUZIUK|Other Service Provider|$18,173|—|$18,173|

| MARCO CONSULTING GROUP|Other Service Provider|$13,000|—|$13,000|

| US BANK|Recordkeeper|$6,716|—|$6,716|

### Verified Provider Profiles

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

- [BONADIO & CO., LLP](https://planprovider.pro/provider/bonadio-and-co-llp) — Auditor

- [EMPLOYEE NETWORK, INC.](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [US BANK](https://planprovider.pro/provider/john-hancock) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,632,558

- **Estimated Expense Ratio:** 2.168% 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|$797,490|$116,093|—|$39,050|—|

| 2023|$914,996|$114,932|—|$35,370|—|

| 2022|$591,582|$101,202|—|—|$196,610|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ibew-local-43-electrical-contractors-welfare-fund-board-of-trustees-156025163-501)

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