Plan Snapshot
- Plan Sponsor: Ibew Lu 654 Pension Fund Trustees
- Sponsor EIN: 236538183
- Sponsor Address: 27 ROLAND AVENUE, MOUNT LAUREL, NJ, 080541038
- Plan Type: DB
- Total Participants: 403
- Total Assets: $151.6M
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 | 403 | $151.6M | $8.4M | $0 |
| 2023 | 410 | $139.3M | $8.1M | $0 |
| 2022 | 411 | $128.8M | $7.4M | $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 |
|---|---|---|---|---|
| BOSTON TRUST & INVESTMENT MGT CO | NONE | $107,508 | — | $107,508 |
| NEWTOWER TRUST COMPANY | NONE | — | $102,223 | $102,223 |
| SAGE ADVISORY SERVICES, LTD. CO. | NONE | $97,251 | — | $97,251 |
| WEDGE CAPITAL MANAGEMENT LLP | NONE | $89,437 | — | $89,437 |
| BLACKSTONE ALTERNATIVE ASSET MGMT | NONE | $68,518 | — | $68,518 |
| GRAYSTONE/MORGAN STANLEY | NONE | $50,000 | — | $50,000 |
| THE MCKEOGH COMPANY | NONE | $45,000 | — | $45,000 |
| KOHLBERG KRAVIS ROBERTS & CO. L.P. | NONE | $33,635 | — | $33,635 |
| FRANK M. VACCARO & ASSOCIATES INC | NONE | $29,644 | — | $29,644 |
| NOVAK FRANCELLA LLC | NONE | $29,260 | — | $29,260 |
| NATIONAL REAL ESTATE ADVISORS, LLC | NONE | — | $22,672 | $22,672 |
| WELLS FARGO | NONE | $18,063 | — | $18,063 |
| SPEAR WILDERMAN P.C. | NONE | $15,185 | — | $15,185 |
| FOX ROTHSCHILD LLP | NONE | $13,647 | — | $13,647 |
| PRINCIPAL FINANCIAL GROUP, INC. | NONE | $8,798 | — | $8,798 |
| NB ALTERNATIVES ADVISERS, LLC | NONE | — | $6,800 | $6,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRAYSTONE/MORGAN STANLEY — NONE
- NOVAK FRANCELLA LLC — NONE
- FOX ROTHSCHILD LLP — NONE
- PRINCIPAL FINANCIAL GROUP, INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $737,641
- Estimated Expense Ratio: 0.486% 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 | $832,019 | $614,093 | $29,644 | $16,603 | — |
| 2023 | $654,479 | $486,472 | $27,278 | $17,000 | — |
| 2022 | $759,161 | $601,856 | $24,585 | — | $57,861 |