Plan Snapshot
- Plan Sponsor: Ibew Local 64 Profit Sharing Plan Joint Board Of Trustees
- Sponsor EIN: 341290943
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DC
- Total Participants: 448
- Total Assets: $49.8M
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 | 448 | $49.8M | $2.8M | $0 |
| 2023 | 427 | $45.6M | $2.5M | $0 |
| 2022 | 406 | $39.2M | $2.3M | $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 |
|---|---|---|---|---|
| MILLIMAN, INC. | RECORDKEEPER | $41,093 | — | $41,093 |
| YURCHYK & DAVIS CPA'S, INC | AUDITOR | $22,130 | — | $22,130 |
| MARINER INSTITUTIONAL, LLC | INVESTMENT CONSULTANT | $20,000 | — | $20,000 |
| BENESYS, INC. | THIRD PARTY ADMINISTRATOR | $14,958 | — | $14,958 |
| MATRIX TRUST COMPANY | INVESTMENT CUSTODIAN | $9,495 | — | $9,495 |
| FAULKNER, HOFFMAN & PHILLIPS, LLC | ATTORNEY | $7,851 | — | $7,851 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,527
- Estimated Expense Ratio: 0.232% 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 | $251,052 | $20,000 | $14,899 | $11,900 | — |
| 2023 | $249,470 | $20,000 | $14,290 | $9,900 | — |
| 2022 | $258,536 | $49,450 | $13,800 | — | $38,163 |