Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Ibew Local 575 Pension Fund
- Sponsor EIN: 621059603
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 255450000
- Plan Type: DC
- Total Participants: 893
- Total Assets: $112.5M
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 | 893 | $112.5M | $11.3M | $0 |
| 2023 | 718 | $95.7M | $5.0M | $0 |
| 2022 | 654 | $82.7M | $4.3M | $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 |
|---|---|---|---|---|
| GRAY, GRIFFITH & MAYS A.C. | Auditor | $19,987 | — | $19,987 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,987
- Estimated Expense Ratio: 0.018% 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 | $265,177 | — | $60,178 | $19,987 | — |
| 2023 | $194,728 | — | $34,470 | $13,009 | — |
| 2022 | $251,549 | — | $33,537 | — | $22,992 |