Plan Snapshot
- Plan Sponsor: Ibew Local No. 229 Pension Fund
- Sponsor EIN: 236399737
- Sponsor Address: PO BOX 1769, SALEM, VA, 24153
- Plan Type: DB
- Plan Number: 001
- Total Participants: 228
- Total Assets: $45.4M
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 | 228 | $45.4M | $2.2M | $0 |
| 2023 | 238 | $41.0M | $2.0M | $0 |
| 2022 | 227 | $35.5M | $1.8M | $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 |
|---|---|---|---|---|
| PFM ADVISORS | Other Service Provider | $137,705 | — | $137,705 |
| ODONOGHUE & ODONOGHUE | Other Service Provider | $46,950 | — | $46,950 |
| LAWRENCE C MUSGOVE ASSOC | Other Service Provider | $40,194 | — | $40,194 |
| CONRAD SIGEL ACTUARIES | Other Service Provider | $26,370 | — | $26,370 |
| WILMINGTON TRUST CORPORATION | Other Service Provider | $23,844 | — | $23,844 |
| FISCHER DORWART PC | Other Service Provider | $8,500 | — | $8,500 |
| FOX ROTHSCHILD | ERISA Attorney | $5,546 | — | $5,546 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FOX ROTHSCHILD — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $289,109
- Estimated Expense Ratio: 0.637% 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 | $328,707 | $137,705 | $40,194 | $8,500 | — |
| 2023 | $285,231 | $123,921 | $37,800 | $8,000 | — |
| 2022 | $262,733 | $135,562 | $36,000 | — | $60,459 |