Plan Snapshot
- Plan Sponsor: Ibew Local Union No 351 Welfare And Supplemental Fund
- Sponsor EIN: 454955344
- Sponsor Address: 830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,698
- Total Assets: $18.7M
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 | 1,698 | $18.7M | $11.8M | $2.4M |
| 2023 | 1,707 | $19.2M | $11.9M | $2.4M |
| 2022 | 1,744 | $21.0M | $11.1M | $2.3M |
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 |
|---|---|---|---|---|
| I.E. SHAFFER & CO | Other Service Provider | $255,480 | — | $255,480 |
| GERSON & ASSOC CPAS AND ADVISORS PC | Other Service Provider | $26,500 | — | $26,500 |
| MORGAN STANLEY | Investment Advisor | $14,548 | — | $14,548 |
| OBRIEN BELLAND & BUSHINSKY | Other Service Provider | $9,362 | — | $9,362 |
| SUMMIT ACTURIAL | Other Service Provider | $5,438 | — | $5,438 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $311,328
- Estimated Expense Ratio: 1.661% 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 | $354,155 | $23,548 | $255,480 | $44,409 | — |
| 2023 | $356,346 | $14,027 | $262,902 | $42,320 | — |
| 2022 | $350,913 | $14,362 | $260,782 | — | $56,875 |