Plan Snapshot
- Plan Sponsor: Ibew Local 968 Vacation Fund Joint Board Of Trustees
- Sponsor EIN: 550672681
- Sponsor Address: P.O. BOX 1682, PARKERSBURG, WV, 26102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 286
- Total Assets: $1.2M
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. |
|---|---|---|---|---|
| 2025 | 286 | $1.2M | $0 | $0 |
| 2024 | 301 | $668,832 | $0 | $1.5M |
| 2023 | 336 | $1.4M | $0 | $2.2M |
| 2022 | 282 | $995,684 | $0 | $1.6M |
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 |
|---|---|---|---|---|
| UNION TRADES FEDERAL CREDIT UNION | Other Service Provider | $7,745 | — | $7,745 |
| GRAY, GRIFFITH & MAYS | Other Service Provider | $6,200 | — | $6,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,945
- Estimated Expense Ratio: 1.143% 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 |
|---|---|---|---|---|---|
| 2025 | $1,996,564 | — | $7,745 | $6,200 | — |
| 2024 | $19,031 | — | $7,802 | $5,800 | — |
| 2023 | $17,883 | — | $7,805 | — | — |
| 2022 | $18,306 | — | $7,532 | — | $7,751 |