# Ibew Local 456 Health & Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-456-health-welfare-fund-222317253-501

> Ibew Local 456 Health & Welfare Fund's Health & Welfare plan: 1,315 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 456 Health & Welfare Fund

- **Sponsor EIN:** 222317253

- **Sponsor Address:** C/O I.E. SHAFFER CO, WEST TRENTON, NJ, 086280230

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,315

- **Total Assets:** $80.2M

## 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|1,315|$80.2M|$22.9M|$0|

| 2023|748|$74.9M|$21.3M|$0|

| 2022|755|$66.8M|$18.1M|$235,893|

## 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|

| I.E. SHAFFER & CO.|Other Service Provider|$519,209|—|$519,209|

| AETNA LIFE INSURANCE CO.|Other Service Provider|$334,718|—|$334,718|

| CAPITAL RX, INC.|Other Service Provider|$217,334|—|$217,334|

| VANGUARD INSTITUTION INVESTOR SERV|Other Service Provider|$110,189|—|$110,189|

| UBS FINANCIAL SERVICES|Recordkeeper|$81,646|—|$81,646|

| MSPC CERTIFIED PUBLIC ACCOUNTANTS|Auditor|$45,160|—|$45,160|

| KROLL & HEINEMAN|Other Service Provider|$30,363|—|$30,363|

| PRINCETON HEALTHCARE SYSTEMS|Other Service Provider|$20,683|—|$20,683|

| LINDABURY MCCORMICK|Other Service Provider|$18,357|—|$18,357|

| NEW BRUNSWICK ELECTRICIANS CLUB|Other Service Provider|$16,469|—|$16,469|

| MILLIMAN INC.|Recordkeeper|$11,005|—|$11,005|

| SUMMIT ACTUARIAL SERVICES LLC|Other Service Provider|$8,550|—|$8,550|

### Verified Provider Profiles

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

- [UBS FINANCIAL SERVICES](https://planprovider.pro/provider/aspire-financial-services) — Recordkeeper

- [MSPC CERTIFIED PUBLIC ACCOUNTANTS](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

- [MILLIMAN INC.](https://planprovider.pro/provider/milliman) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,413,683

- **Estimated Expense Ratio:** 1.762% 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|$869,450|$110,189|$519,209|$45,160|—|

| 2023|$837,682|$100,294|$505,268|$44,424|—|

| 2022|$770,199|$173,713|$429,643|—|$120,363|

## Similar Plans

- [New Jersey Electrical Workers Temporary Disability Benefit Trust Fund](https://planprovider.pro/companies/new-jersey-electrical-workers-temporary-disability-benefit-trust-fund-221714827-501) — 6,564 participants

- [Joint Annuity Fund Local 164 Ibew](https://planprovider.pro/companies/joint-annuity-fund-local-164-ibew-plan) — 3,027 participants

- [South Jersey Electrical Workers Temporary Disability Fund](https://planprovider.pro/companies/south-jersey-electrical-workers-temporary-disability-fund-223424489-501) — 2,957 participants

- [Ibew Local No 102 Welfare Fund Board Of Trustees](https://planprovider.pro/companies/ibew-local-no-102-welfare-fund-board-of-trustees-226487222-501) — 2,473 participants

- [Ibew Local Union No 102 Surety Plan Board Of Trustees](https://planprovider.pro/companies/ibew-local-union-no-102-surety-plan-plan) — 2,337 participants

- [Joint Welfare Fund Local Union 164 Ibew](https://planprovider.pro/companies/joint-welfare-fund-local-union-164-ibew-221537766-501) — 2,291 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ibew-local-456-health-welfare-fund-222317253-501)

© 2026 PlanProvider.Pro