Plan Snapshot
- Plan Sponsor: Ibew Local Union 64 Pension Plan Joint Board Of Trades
- Sponsor EIN: 346654696
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DB
- Total Participants: 313
- Total Assets: $43.2M
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 | 313 | $43.2M | $3.3M | $0 |
| 2023 | 313 | $38.4M | $3.1M | $0 |
| 2022 | 315 | $34.1M | $3.1M | $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 |
|---|---|---|---|---|
| BENESYS, INC. | THIRD PARTY ADMINISTRATOR | $42,203 | — | $42,203 |
| MARINER INSTITUTIONAL, LLC | INVESTMENT CONSULTANT | $37,000 | — | $37,000 |
| THE HORTON GROUP | ACTUARY | $36,000 | — | $36,000 |
| AMERICAN REALTY ADVISORS | INVESTMENT MANAGER | $28,626 | — | $28,626 |
| YURCHYK & DAVIS CPA'S, INC | AUDITOR | $28,080 | — | $28,080 |
| PBGC PREMIUM | NONE | $22,903 | — | $22,903 |
| NATIONAL REAL ESTATE ADVISORS | INVESTMENT MANAGER | $17,428 | — | $17,428 |
| YURCHYK & DAVIS CPA'S, INC. | Auditor | $11,900 | — | $11,900 |
| FAULKNER, HOFFMAN & PHILLIPS, LLC | ATTORNEY | $10,367 | — | $10,367 |
| PNC BANK, NATIONAL ASSOCIATION | CUSTODIAN | $9,191 | — | $9,191 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $243,698
- Estimated Expense Ratio: 0.565% 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 | $243,090 | $37,000 | $39,926 | $11,900 | — |
| 2023 | $231,395 | $37,000 | $38,315 | $9,900 | — |
| 2022 | $226,559 | $94,716 | $37,020 | — | $64,710 |