Plan Snapshot
- Plan Sponsor: Ibew Local Union 269 Annuity Fund
- Sponsor EIN: 222393763
- Sponsor Address: C/O I.E. SHAFFER CO, WEST TRENTON, NJ, 086280230
- Plan Type: DC
- Total Participants: 989
- Total Assets: $298.1M
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 | 989 | $298.1M | $15.1M | $0 |
| 2023 | 937 | $268.2M | $13.1M | $0 |
| 2022 | 868 | $243.1M | $12.1M | $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 |
|---|---|---|---|---|
| METROPOLITIAN LIFE INSURANCE CO | NONE | $241,743 | — | $241,743 |
| I.E. SHAFFER | NONE | $197,466 | — | $197,466 |
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $45,000 | — | $45,000 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | NONE | $41,099 | — | $41,099 |
| PFM ADVISORS | NONE | $30,000 | — | $30,000 |
| PELLETTIERI, RABSTEIN & ALTMAN | NONE | $27,656 | — | $27,656 |
| PRUDENTIAL INSURANCE COMPANY OF AME | Other Service Provider | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — NONE
- PRUDENTIAL INSURANCE COMPANY OF AME — Other Service Provider
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $597,964
- Estimated Expense Ratio: 0.201% 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 | $380,554 | $30,000 | $197,466 | $41,099 | — |
| 2023 | $316,527 | $90,000 | $152,077 | $32,379 | — |
| 2022 | $285,026 | $30,000 | $145,826 | — | $75,384 |