Plan Snapshot
- Plan Sponsor: Ibew Local No 246 Welfare Fund Board Of Trustees
- Sponsor EIN: 346537195
- Sponsor Address: 5 HOT METAL STREET, SUITE 200, PITTSBURGH, PA, 15203
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 189
- Total Assets: $6.3M
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 | 189 | $6.3M | $3.7M | $482,462 |
| 2023 | 186 | $5.8M | $4.1M | $573,514 |
| 2022 | 165 | $4.5M | $3.2M | $509,108 |
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 |
|---|---|---|---|---|
| BENESYS | Other Service Provider | $100,818 | — | $100,818 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $97,597 | — | $97,597 |
| THE HORTON GROUP | Other Service Provider | $95,000 | — | $95,000 |
| MEYER, UNKOVIC & SCOTT LLP | ERISA Attorney | $30,799 | — | $30,799 |
| LOGAN METTLEY & NEWCOMER, PLC | Other Service Provider | $23,610 | — | $23,610 |
| DGPERRY, PLLC | Auditor | $21,000 | — | $21,000 |
| MARINER WEALTH ADVISORS, LLC | Other Service Provider | $20,945 | — | $20,945 |
| ACRISURE | Other Service Provider | $9,000 | — | $9,000 |
| LEONARD A CORONA III | Custodian / Trustee | $8,220 | — | $8,220 |
| TRAVIS BOOTH | Custodian / Trustee | $8,010 | — | $8,010 |
| GREG SERAFINI | Custodian / Trustee | $5,850 | — | $5,850 |
| KEVAN BROWN | Custodian / Trustee | $5,850 | — | $5,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEYER, UNKOVIC & SCOTT LLP — ERISA Attorney
- DGPERRY, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $426,699
- Estimated Expense Ratio: 6.800% 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 | $443,858 | $25,586 | $194,618 | $21,000 | — |
| 2023 | $361,938 | $3,211 | $192,599 | $21,000 | — |
| 2022 | $370,157 | $2,359 | $205,695 | — | $120,287 |