Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Ibew Local 596 Vacation Fund
- Sponsor EIN: 550776922
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 25545
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 254
- Total Assets: $856,957
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. |
|---|---|---|---|---|
| 2025 | 254 | $856,957 | $0 | $0 |
| 2024 | 220 | $724,123 | $2.6M | $0 |
| 2023 | 206 | $707,771 | $1.9M | $0 |
| 2022 | 186 | $510,582 | $2.1M | $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 |
|---|---|---|---|---|
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $12,800 | — | $12,800 |
| GRAY, GRIFFITH & MAYS, A.C. | Other Service Provider | $5,500 | — | $5,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $18,300
- Estimated Expense Ratio: 2.135% 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 |
|---|---|---|---|---|---|
| 2025 | $2,531,576 | — | $9,564 | $7,659 | — |
| 2024 | $23,665 | — | $8,971 | $9,230 | — |
| 2023 | $27,640 | — | $7,584 | $6,524 | — |
| 2022 | $23,138 | — | $8,966 | — | $5,910 |