Plan Snapshot
- Plan Sponsor: Ibew Local 607 Health And Welfare Fund
- Sponsor EIN: 246021385
- Sponsor Address: 425 EAGLE ROCK AVE, ROSELAND, NJ, 07068
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 165
- Total Assets: $2.4M
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 | 165 | $2.4M | $4.6M | $196,078 |
| 2023 | 159 | $1.5M | $4.1M | $195,414 |
| 2022 | 154 | $1.1M | $3.5M | $182,394 |
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 |
|---|---|---|---|---|
| FABIAN & BYRN LLC | Other Service Provider | $49,055 | — | $49,055 |
| SEGAL CO. | Other Service Provider | $25,958 | — | $25,958 |
| THE HORTON GROUP | Other Service Provider | $21,250 | — | $21,250 |
| KANG HAGGERTY | Other Service Provider | $12,452 | — | $12,452 |
| FISCHER DORWART, PC | Other Service Provider | $10,500 | — | $10,500 |
| MEYER UNKOVIC & SCOTT LLP | ERISA Attorney | $9,035 | — | $9,035 |
| LOGAN, METTLEY & NEWCOMER, PLC | Other Service Provider | $6,439 | — | $6,439 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEYER UNKOVIC & SCOTT LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $134,689
- Estimated Expense Ratio: 5.627% 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 | $144,599 | $2,500 | $49,055 | $10,500 | — |
| 2023 | $135,295 | $2,500 | $47,638 | $10,500 | — |
| 2022 | $135,755 | $3,871 | $45,227 | — | $75,059 |