Plan Snapshot
- Plan Sponsor: Ibew Local # 98 Sound And Communication Workers Health And Welfare Pla
- Sponsor EIN: 232959495
- Sponsor Address: 1719 SPRING GARDEN STREET, PHILADELPHIA, PA, 19130
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,164
- Total Assets: $38.1M
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 | 1,164 | $38.1M | $10.8M | $9,251 |
| 2023 | 568 | $37.0M | $11.1M | $15,322 |
| 2022 | 509 | $34.8M | $10.0M | $21,392 |
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 | Other Service Provider | $128,633 | — | $128,633 |
| BOYD WATTERSON ASSET MANAGEMENT | Other Service Provider | $27,693 | — | $27,693 |
| NOVAK FRANCELLA LLC | Auditor | $25,831 | — | $25,831 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $16,040 | — | $16,040 |
| CHEIRON INC. | Other Service Provider | $15,900 | — | $15,900 |
| NEWTOWER TRUST COMPANY | Other Service Provider | $14,098 | — | $14,098 |
| MARCO CONSULTING GROUP | Other Service Provider | $12,000 | — | $12,000 |
| CLEARY & JOSEM LLP | Other Service Provider | $11,234 | — | $11,234 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $10,844 | — | $10,844 |
| FUTURESCRIPTS | Other Service Provider | $10,615 | — | $10,615 |
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: $272,888
- Estimated Expense Ratio: 0.716% 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 | $326,647 | $64,805 | $123,537 | $23,652 | — |
| 2023 | $335,058 | $68,867 | $129,355 | $22,025 | — |
| 2022 | $366,247 | $81,458 | $165,578 | — | $70,633 |