Plan Snapshot
- Plan Sponsor: Int'L Brotherhood Of Elect. Workers 400 Welfare Fund
- Sponsor EIN: 222236617
- Sponsor Address: C/O IE SHAFFER, WEST TRENTON, NJ, 086280230
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 499
- Total Assets: $16.4M
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 | 499 | $16.4M | $15.3M | $1.2M |
| 2023 | 505 | $13.5M | $14.2M | $993,825 |
| 2022 | 508 | $12.3M | $14.3M | $1.0M |
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 | $442,055 | — | $442,055 |
| HORIZON HEALTHCARE SERVICES, INC. | Other Service Provider | $341,165 | — | $341,165 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $63,296 | — | $63,296 |
| CAPITAL RX, INC. | Other Service Provider | $63,216 | — | $63,216 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $56,554 | — | $56,554 |
| O'BRIEN, BELLAND & BUSHINSKY LLC | Other Service Provider | $35,840 | — | $35,840 |
| EXPRESS SCRIPTS | Other Service Provider | $24,558 | — | $24,558 |
| FIRST ACTUARIAL CONSULTING INC. | Other Service Provider | $15,000 | — | $15,000 |
| LINDABURY, MCCORMICK, ESTABROOK | Other Service Provider | $11,216 | — | $11,216 |
| WEAVER C. BARKSDALE | Other Service Provider | $8,539 | — | $8,539 |
| PROGRESSIVE BENEFIT SOLUTIONS, LLC | Other Service Provider | $6,205 | — | $6,205 |
| MILLIMAN INC. | Recordkeeper | $6,083 | — | $6,083 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
- MILLIMAN INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,073,727
- Estimated Expense Ratio: 6.535% 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 | $679,297 | $66,943 | $442,055 | $63,296 | — |
| 2023 | $633,310 | $63,954 | $389,767 | $64,573 | — |
| 2022 | $629,477 | $16,712 | $413,066 | — | $163,835 |