# Ibew Local 98 Health & Welfare Plan Board Of Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-98-health-welfare-plan-board-of-232082042-501

> Ibew Local 98 Health & Welfare Plan Board Of's Health & Welfare plan: 2,757 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 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](https://planprovider.pro/provider/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|

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