Plan Snapshot
- Plan Sponsor: Ibew Local Union 98
- Sponsor EIN: 236583334
- Sponsor Address: 1719 SPRING GARDEN STREET, PHILADELPHIA, PA, 191303915
- Plan Type: DB
- Total Participants: 557
- Total Assets: $118.7M
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 | 557 | $118.7M | $13.6M | $0 |
| 2023 | 598 | $109.6M | $14.9M | $0 |
| 2022 | 559 | $99.4M | $14.1M | $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 |
|---|---|---|---|---|
| CHEIRON, INC | Other Service Provider | $98,226 | — | $98,226 |
| NATIONAL REAL ESTATE ADVISORS | Other Service Provider | $75,568 | — | $75,568 |
| ASB CAPITAL MANAGEMENT, INC. | Other Service Provider | $75,011 | — | $75,011 |
| ULLICO INVESTMENT ADVISORS, INC | Other Service Provider | $65,995 | — | $65,995 |
| SEGAL MARCO ADVISORS | Other Service Provider | $50,000 | — | $50,000 |
| NOVAK FRANCELLA, LLC | Auditor | $42,516 | — | $42,516 |
| CLEARY, JOSEM, & TRIGIANNI LLP | Other Service Provider | $39,228 | — | $39,228 |
| IBEW LOCAL 98 | Other Service Provider | $30,252 | — | $30,252 |
| PNC BANK, NATIONAL ASSOCIATION | Other Service Provider | $18,946 | — | $18,946 |
| KANG, HAGGERTY & FETBROYT, LLC | Other Service Provider | $17,275 | — | $17,275 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $513,017
- Estimated Expense Ratio: 0.432% 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 | $635,963 | $291,582 | $27,600 | $42,516 | — |
| 2023 | $627,733 | $319,882 | $27,600 | $41,900 | — |
| 2022 | $554,550 | $290,417 | $55,303 | — | $147,322 |