Plan Snapshot
- Plan Sponsor: Ibew Local 98 Health & Welfare Plan Board Of
- Sponsor EIN: 232082042
- Sponsor Address: 1719 SPRING GARDEN STREET, PHILADELPHIA, PA, 191303915
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,757
- Total Assets: $214.2M
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. |
|---|---|---|---|---|
| 2024 | 2,757 | $214.2M | $85.6M | $4.5M |
| 2023 | 2,937 | $197.9M | $84.4M | $4.5M |
| 2022 | 2,629 | $175.5M | $81.4M | $4.5M |
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 |
|---|---|---|---|---|
| FRANK M VACCARO & ASSOCIATES,INC | Other Service Provider | $770,811 | — | $770,811 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $131,012 | — | $131,012 |
| NOVAK FRANCELLA LLC | Auditor | $89,626 | — | $89,626 |
| IBEW LOCAL UNION NO. 98 | Other Service Provider | $70,234 | — | $70,234 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $68,960 | — | $68,960 |
| NEWTOWER TRUST COMPANY | Other Service Provider | — | $67,782 | $67,782 |
| LOOMIS SAYLES & COMPANY, LP | Other Service Provider | $67,128 | — | $67,128 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $66,466 | — | $66,466 |
| CLEARY & JOSEM LLP | Other Service Provider | $66,027 | — | $66,027 |
| PART D ADVISORS INC | Other Service Provider | $35,444 | — | $35,444 |
| SEGAL MARCO CONSULTING | Other Service Provider | $35,000 | — | $35,000 |
| THE PNC FINANCIAL SERVICES GROUP | Other Service Provider | $16,770 | — | $16,770 |
| CHEIRON INC | Other Service Provider | $13,733 | — | $13,733 |
| PNC BANK, N.A. | Other Service Provider | $5,752 | — | $5,752 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,504,745
- Estimated Expense Ratio: 0.703% 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 | $1,624,389 | $367,486 | $731,938 | $89,626 | — |
| 2023 | $1,691,607 | $404,476 | $757,396 | $70,894 | — |
| 2022 | $1,592,900 | $441,033 | $726,108 | — | $246,624 |