Plan Snapshot
- Plan Sponsor: Ibew Local No. 223 Union
- Sponsor EIN: 042780301
- Sponsor Address: 321 RESEARCH PKWY STE 110, MERIDEN, CT, 064508340
- Plan Type: DB
- Total Participants: 340
- Total Assets: $69.4M
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 | 340 | $69.4M | $6.7M | $0 |
| 2023 | 317 | $58.8M | $7.1M | $0 |
| 2022 | 300 | $51.5M | $5.3M | $0 |
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 |
|---|---|---|---|---|
| LAPIER DILLON AND ASSOCIATES PC | Auditor | $60,793 | — | $60,793 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LAPIER DILLON AND ASSOCIATES PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,793
- Estimated Expense Ratio: 0.088% 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 | $420,809 | $120,096 | $98,016 | $60,793 | — |
| 2023 | $420,065 | $127,126 | $87,024 | $12,086 | — |
| 2022 | $387,171 | $114,967 | $87,037 | — | — |