# Ibew Local No. 229 Annuity Fund DC Plan
Source: https://planprovider.pro/companies/ibew-local-no-229-annuity-fund-251624277-003

> Ibew Local No. 229 Annuity Fund's DC plan: 228 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 No. 229 Annuity Fund

- **Sponsor EIN:** 251624277

- **Sponsor Address:** PO BOX 1769, SALEM, VA, 24153

- **Plan Type:** DC

- **Plan Number:** 003

- **Total Participants:** 228

- **Total Assets:** $55.8M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|228|$55.8M|$2.8M|$0|

| 2023|238|$50.7M|$2.7M|$0|

| 2022|227|$42.6M|$2.4M|$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|

| JOHN HANCOCK RETIREMENT|Recordkeeper|$87,173|—|$87,173|

| CAP TRUST FINANCIAL ADVISORS|Other Service Provider|$40,000|—|$40,000|

| ODONONOGHUE & ODONOGHUE LLP|Other Service Provider|$34,187|—|$34,187|

| LAWRENCE C. MUSGROVE ASSOCIATES|Other Service Provider|$30,660|—|$30,660|

| BARATZ & ASSOCIATES|Other Service Provider|$15,714|—|$15,714|

| FISCHER DORWART PC|Other Service Provider|$8,000|—|$8,000|

### Verified Provider Profiles

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

- [JOHN HANCOCK RETIREMENT](https://planprovider.pro/provider/john-hancock) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $215,734

- **Estimated Expense Ratio:** 0.386% 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|$235,550|$40,000|$30,660|$8,000|—|

| 2023|$221,418|$40,000|$31,500|$7,500|—|

| 2022|$195,757|$129,882|$30,000|—|$19,497|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ibew-local-no-229-annuity-fund-251624277-003)

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