# Ibew Local Union No 351 Welfare And Supplemental Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ibew-local-union-no-351-welfare-and-supplemental-fund-454955344-501

> Ibew Local Union No 351 Welfare And Supplemental Fund's Health & Welfare plan: 1,698 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/ibew-local-union-no-351-welfare-and-supplemental-fund-454955344-501)

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