# Ibew Local 456 Supplemental Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-456-supplemental-welfare-fund-200500732-502

> Ibew Local 456 Supplemental 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 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](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|

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