Plan Snapshot
- Plan Sponsor: Ibew Local 456 Supplemental Welfare Fund
- Sponsor EIN: 200500732
- Sponsor Address: C/O I.E. SHAFFER CO., PO BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 1,315
- Total Assets: $11.4M
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 | $11.4M | $11.2M | $0 |
| 2023 | 748 | $7.9M | $10.7M | $0 |
| 2022 | 755 | $4.6M | $5.8M | $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 |
|---|---|---|---|---|
| I.E. SHAFFER & CO. | Other Service Provider | $348,394 | — | $348,394 |
| LABOR FIRST LLC | Other Service Provider | $227,514 | — | $227,514 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $63,009 | — | $63,009 |
| CAPITAL RX, INC. | Other Service Provider | $44,701 | — | $44,701 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $13,931 | — | $13,931 |
| VANGUARD | Other Service Provider | $11,964 | — | $11,964 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $709,513
- Estimated Expense Ratio: 6.217% 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 | $389,921 | $11,964 | $348,394 | $13,931 | — |
| 2023 | $371,636 | $6,361 | $336,845 | $10,801 | — |
| 2022 | $223,003 | $9,733 | $190,480 | — | $13,721 |