# Int'L Brotherhood Of Elect. Workers 400 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/int-l-brotherhood-of-elect-workers-400-welfare-fund-222236617-501

> Int'L Brotherhood Of Elect. Workers 400 Welfare Fund's Health & Welfare plan: 499 participants, plan year 2024 financials, providers, and benchmarks from For…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

- [MILLIMAN INC.](https://planprovider.pro/provider/milliman) — 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|

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