Plan Snapshot
- Plan Sponsor: Int'L Brotherhood Of Elect. Workers Local Union 400 Pension Fund
- Sponsor EIN: 226257847
- Sponsor Address: C/O IE SHAFFER, WEST TRENTON, NJ, 086280230
- Plan Type: DB
- Plan Number: 001
- Total Participants: 532
- Total Assets: $186.9M
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 | 532 | $186.9M | $9.4M | $0 |
| 2023 | 553 | $183.7M | $9.2M | $0 |
| 2022 | 563 | $165.5M | $8.9M | $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 |
|---|---|---|---|---|
| I.E. SHAFFER | Other Service Provider | $280,223 | — | $280,223 |
| SAGE ADVISORY SERVICES | Other Service Provider | $129,143 | — | $129,143 |
| LAZARD | Other Service Provider | $111,913 | — | $111,913 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $56,697 | — | $56,697 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $53,050 | — | $53,050 |
| FIRST ACTUARIAL CONSULTING | Other Service Provider | $35,231 | — | $35,231 |
| O'BRIEN, BELLAND & BUSHINSKY LLC | Other Service Provider | $24,838 | — | $24,838 |
| WEAVER C. BARKSDALE & ASSOCIATES | Other Service Provider | $23,988 | — | $23,988 |
| LINDABURY, MCCORMICK, ESTABROOK | Other Service Provider | $17,500 | — | $17,500 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $10,533 | — | $10,533 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
- MORGAN STANLEY GRAYSTONE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $743,116
- Estimated Expense Ratio: 0.398% 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 | $830,824 | $328,627 | $280,223 | $56,697 | — |
| 2023 | $775,213 | $300,380 | $253,280 | $50,193 | — |
| 2022 | $778,292 | $248,094 | $261,728 | — | $189,319 |