# Ibew Local No 102 Welfare Fund Board Of Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-no-102-welfare-fund-board-of-trustees-226487222-501

> Ibew Local No 102 Welfare Fund Board Of Trustees's Health & Welfare plan: 2,473 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ibew Local No 102 Welfare Fund Board Of Trustees

- **Sponsor EIN:** 226487222

- **Sponsor Address:** 50 PARSIPPANY ROAD, PARSIPPANY, NJ, 07054

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 2,473

- **Total Assets:** $117.0M

## 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|2,473|$117.0M|$66.7M|$1.3M|

| 2023|2,482|$113.4M|$64.7M|$1.4M|

| 2022|2,467|$108.2M|$59.9M|$1.3M|

## 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|

| HORIZON BLUE CROSS BLUE SHIELD NJ|Other Service Provider|$1,315,433|—|$1,315,433|

| FABIAN AND BYRN LLC|Other Service Provider|$631,542|—|$631,542|

| IE SHAFFER & CO|Other Service Provider|$478,986|—|$478,986|

| GLOBAL PHARMACEUTICAL BENEFITS LLC|Other Service Provider|$468,535|—|$468,535|

| ZELIS HEALTHCARE|Other Service Provider|$166,196|—|$166,196|

| WEAVER C BARKSDALE AND ASSOC INC|Other Service Provider|$121,049|—|$121,049|

| GERSON & ASSOC CPAS AND ADVISORS PC|Other Service Provider|$99,474|—|$99,474|

| LAW OFFICES OF TIMOTHY R HOTT|Other Service Provider|$51,629|—|$51,629|

| WCM FOCUSED INTL GROWTH FUND, LP|Other Service Provider|$45,426|—|$45,426|

| MORGAN STANLEY GRAYSTONE|Recordkeeper|$20,909|—|$20,909|

| ORANSKY SCARAGGI AND BORG PC|Other Service Provider|$18,133|—|$18,133|

| CBIZ RETIREMENT PLAN SERVICES|Other Service Provider|$5,125|—|$5,125|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MORGAN STANLEY GRAYSTONE](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $3,422,437

- **Estimated Expense Ratio:** 2.925% 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|$1,703,207|$187,384|$1,276,724|$99,474|—|

| 2023|$1,790,931|$174,649|$1,373,610|$96,713|—|

| 2022|$3,308,389|$177,140|$2,910,935|—|$145,777|

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