Plan Snapshot
- Plan Sponsor: Ibew Local Union No 102 Surety Plan Board Of Trustees
- Sponsor EIN: 222347484
- Sponsor Address: 50 PARSIPPANY ROAD, PARSIPPANY, NJ, 07054
- Plan Type: DC
- Total Participants: 2,337
- Total Assets: $684.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,337 | $684.9M | $29.1M | $0 |
| 2023 | 2,382 | $637.4M | $28.9M | $0 |
| 2022 | 2,283 | $592.7M | $27.5M | $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 |
|---|---|---|---|---|
| IE SHAFFER AND COMPANY | NONE | $124,824 | — | $124,824 |
| EMPOWER ANNUITY INSURANCE CO | NONE | $62,803 | — | $62,803 |
| GERSON & ASSOC, CPAS AND ADVISORS | NONE | $61,570 | — | $61,570 |
| MORGAN STANLEY SMITH BARNEY LLC | NONE | $31,364 | — | $31,364 |
| ORANSKY SCARAGGI AND BORG PC | NONE | $18,133 | — | $18,133 |
| TIMOTHY R HOTT PC | NONE | $18,087 | — | $18,087 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $316,781
- Estimated Expense Ratio: 0.046% 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 | $354,840 | $31,364 | $124,824 | $61,570 | — |
| 2023 | $285,126 | $31,364 | $124,767 | $57,674 | — |
| 2022 | $292,998 | $31,364 | $123,312 | — | $100,484 |