Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Ibew Local 596 Pension Fund
- Sponsor EIN: 550675342
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 255450000
- Plan Type: DC
- Total Participants: 542
- Total Assets: $86.1M
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 | 542 | $86.1M | $3.5M | $0 |
| 2023 | 515 | $77.9M | $2.9M | $0 |
| 2022 | 506 | $67.9M | $2.9M | $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 |
|---|---|---|---|---|
| GRAY, GRIFFITH & MAYS | Auditor | $18,399 | — | $18,399 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,399
- Estimated Expense Ratio: 0.021% 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 | $121,685 | $26,000 | $16,339 | $18,399 | — |
| 2023 | $115,206 | $23,000 | $16,485 | $17,383 | — |
| 2022 | $125,493 | $20,000 | $19,421 | — | $23,697 |