# Ibew Local # 98 Sound And Communication Workers Health And Welfare Pla Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-98-sound-and-communication-workers-health-and-welfare-pla-232959495-501

> Ibew Local # 98 Sound And Communication Workers Health And Welfare Pla's Health & Welfare plan: 1,164 participants, plan year 2024 financials, providers, and…

Form 5500 filing data for plan year 2024.

## 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](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:** $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|

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