# Ibew Local 607 Health And Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-607-health-and-welfare-fund-246021385-501

> Ibew Local 607 Health And Welfare Fund's Health & Welfare plan: 165 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 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](https://planprovider.pro/provider/meyer-unkovic-and-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|

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