# Ibew Local No. 229 Pension Fund DB Plan
Source: https://planprovider.pro/companies/ibew-local-no-229-pension-fund-236399737-001

> Ibew Local No. 229 Pension Fund's DB 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 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](https://planprovider.pro/provider/fox-rothschild-llp) — 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|

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