Plan Snapshot
- Plan Sponsor: Joint Annuity Committee Ibew Local No.86 Annuity Fund
- Sponsor EIN: 166179118
- Sponsor Address: 2300 EAST RIVER ROAD, ROCHESTER, NY, 146231036
- Plan Type: DC
- Plan Number: 002
- Total Participants: 1,237
- Total Assets: $242.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,237 | $242.0M | $7.8M | $0 |
| 2023 | 1,121 | $237.8M | $7.1M | $0 |
| 2022 | 1,039 | $208.3M | $6.7M | $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 |
|---|---|---|---|---|
| IBEW LOCAL NO 86 ANNUITY FUND | Other Service Provider | $273,588 | — | $273,588 |
| EMPOWER ADVISORY GROUP, LLC | Other Service Provider | $44,421 | — | $44,421 |
| MERRILL LYNCH | Recordkeeper | $43,500 | — | $43,500 |
| BONADIO & CO., LLP | Auditor | $34,129 | — | $34,129 |
| HARTER SECREST & EMERY, LLP | Other Service Provider | $29,871 | — | $29,871 |
| JOHN HANCOCK RETIREMENT SERVICE | Recordkeeper | $20,373 | — | $20,373 |
| BENESYS, INC. | Other Service Provider | $8,996 | — | $8,996 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Recordkeeper
- BONADIO & CO., LLP — Auditor
- JOHN HANCOCK RETIREMENT SERVICE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $454,878
- Estimated Expense Ratio: 0.188% 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 | $291,764 | $1,142 | $64,832 | $25,775 | — |
| 2023 | $293,511 | $7,888 | $90,422 | $22,600 | — |
| 2022 | $277,197 | $7,587 | — | — | $86,992 |