# Ibew Lu # 654 Pension Fund Trustees DC Plan
Source: https://planprovider.pro/companies/ibew-lu-654-pension-fund-trustees-plan-002

> Ibew Lu # 654 Pension Fund Trustees's DC plan: 401 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/morgan-stanley) — NONE

- [NOVAK FRANCELLA LLC](https://planprovider.pro/provider/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|

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