Plan Snapshot
- Plan Sponsor: Ibew Local Union 375 Electricians' Welfare Fund
- Sponsor EIN: 236424575
- Sponsor Address: 101 S 7TH STREET, ALLENTOWN, PA, 18101
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 679
- Total Assets: $11.9M
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 | 679 | $11.9M | $13.0M | $669,533 |
| 2023 | 720 | $14.1M | $13.0M | $536,370 |
| 2022 | 725 | $13.7M | $13.6M | $462,421 |
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 |
|---|---|---|---|---|
| CAPITAL BLUE CROSS | Other Service Provider | $272,025 | — | $272,025 |
| THE HORTON GROUP | Other Service Provider | $160,339 | — | $160,339 |
| NOVAK FRANCELLA, LLC | Auditor | $65,616 | — | $65,616 |
| MEYER UNKOVIC SCOTT LLP | ERISA Attorney | $18,545 | — | $18,545 |
| DELTA DENTAL OF PENNSYLVANIA | Other Service Provider | $18,318 | — | $18,318 |
| CHRISTMAN AND COMPANY | Other Service Provider | $14,125 | — | $14,125 |
| CAPTRUST | Investment Advisor | $12,614 | — | $12,614 |
| O'SULLIVAN ASSOCIATES | Other Service Provider | $12,500 | — | $12,500 |
| COWDEN ASSOCIATES | Other Service Provider | $7,381 | — | $7,381 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
- MEYER UNKOVIC SCOTT LLP — ERISA Attorney
- CAPTRUST — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $581,463
- Estimated Expense Ratio: 4.898% 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 | $582,689 | $12,614 | — | — | — |
| 2023 | $497,147 | $15,381 | — | $34,496 | — |
| 2022 | $548,879 | $15,014 | — | — | $147,156 |