Plan Snapshot
- Plan Sponsor: Itpeu Annual Benefit Fund C/O Erisa Systems
- Sponsor EIN: 112823324
- Sponsor Address: 67 WALNUT AVENUE, STE 105, CLARK, NJ, 070661640
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,401
- Total Assets: $18.5M
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 | 2,401 | $18.5M | $15.6M | $0 |
| 2023 | 2,230 | $17.4M | $14.2M | $0 |
| 2022 | 2,098 | $13.5M | $12.0M | $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 |
|---|---|---|---|---|
| M.S. ADMINISTRATORS, INC. | Other Service Provider | $836,642 | — | $836,642 |
| SPEAR WILDERMAN P.C. | ERISA Attorney | $63,915 | — | $63,915 |
| WEAVER & TIDWELL, L.L.P | Auditor | $47,128 | — | $47,128 |
| COMPLETE ACTUARIAL SOLUTIONS COMPAN | Other Service Provider | $44,000 | — | $44,000 |
| MSPC | Auditor | $18,000 | — | $18,000 |
| PENSION BENEFIT INFORMATION LLC | Other Service Provider | $15,416 | — | $15,416 |
| QUAN-VEST CONSULTANTS INC. | Other Service Provider | $7,992 | — | $7,992 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER & TIDWELL, L.L.P — Auditor
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,033,093
- Estimated Expense Ratio: 5.573% 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 | $1,208,949 | $7,992 | $836,642 | $48,768 | — |
| 2023 | $972,453 | $7,992 | $740,168 | $61,311 | — |
| 2022 | $843,774 | $7,992 | $637,408 | — | $144,520 |