Plan Snapshot
- Plan Sponsor: Ibew Lu # 654 Pension Fund Trustees
- Sponsor EIN: 236538183
- Sponsor Address: 27 ROLAND AVENUE, MOUNT LAUREL, NJ, 080541038
- Plan Type: DC
- Total Participants: 401
- Total Assets: $157.2M
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 | 401 | $157.2M | $8.6M | $0 |
| 2023 | 447 | $138.6M | $8.5M | $0 |
| 2022 | 438 | $117.1M | $7.5M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | NONE | $100,042 | — | $100,042 |
| FRANK M VACCARO & ASSOCIATES | NONE | $37,637 | — | $37,637 |
| GRAYSTONE CONSULTING | NONE | $26,000 | — | $26,000 |
| NOVAK FRANCELLA LLC | NONE | $25,887 | — | $25,887 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRAYSTONE CONSULTING — NONE
- NOVAK FRANCELLA LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $189,566
- Estimated Expense Ratio: 0.121% 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 | $217,955 | $26,000 | $37,637 | $17,500 | — |
| 2023 | $270,578 | $26,000 | $37,516 | $16,500 | — |
| 2022 | $267,886 | $188,254 | $35,392 | — | $20,330 |