Plan Snapshot
- Plan Sponsor: Ibew Local No. 86 Pension Fund Board Of Trustees
- Sponsor EIN: 166085820
- Sponsor Address: 2300 EAST RIVER ROAD, ROCHESTER, NY, 146231036
- Plan Type: DB
- Plan Number: 001
- Total Participants: 727
- Total Assets: $285.2M
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 | 727 | $285.2M | $12.1M | $0 |
| 2023 | 693 | $277.3M | $11.7M | $0 |
| 2022 | 610 | $255.5M | $10.6M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY, LLC | Recordkeeper | $262,540 | — | $262,540 |
| MANNING & NAPIER ADVISORS, INC. | Other Service Provider | $159,318 | — | $159,318 |
| KARPUS INVESTMENT MANAGEMENT | Other Service Provider | $158,719 | — | $158,719 |
| MARTIN CURRIE | Other Service Provider | $114,927 | — | $114,927 |
| WALTER SCOTT & PARTNERS | Other Service Provider | $89,665 | — | $89,665 |
| DOLAN MCENIRY CAPITAL MANAGEMENT | Other Service Provider | $77,592 | — | $77,592 |
| HORIZON ACTUARIAL SERVICES, LLC | Other Service Provider | $65,779 | — | $65,779 |
| BONADIO & CO., LLP | Auditor | $59,486 | — | $59,486 |
| REINHART PARTNERS | Other Service Provider | $39,951 | — | $39,951 |
| NATIONAL REAL ESTATE ADVISORS, LLC | Other Service Provider | $37,752 | — | $37,752 |
| HARTER, SECREST & EMERY LLP | Other Service Provider | $32,793 | — | $32,793 |
| BENESYS | Recordkeeper | $27,867 | — | $27,867 |
| SAGE WEALTH MANAGEMENT GROUP | Other Service Provider | $22,977 | — | $22,977 |
| ROCHESTER ELECTRICAL WORKERS BLDG | Other Service Provider | $18,408 | — | $18,408 |
| WILMINGTON TRUST | Other Service Provider | $13,626 | — | $13,626 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY, LLC — Recordkeeper
- BONADIO & CO., LLP — Auditor
- BENESYS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,181,400
- Estimated Expense Ratio: 0.414% 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 | $1,471,861 | $940,624 | — | $38,000 | — |
| 2023 | $1,336,715 | $883,084 | — | $25,775 | — |
| 2022 | $1,471,162 | $1,028,071 | — | — | $126,002 |