# Joint Board Of Trustees Of Ibew Local 596 Vacation Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/joint-board-of-trustees-of-ibew-local-596-vacation-fund-550776922-501

> Joint Board Of Trustees Of Ibew Local 596 Vacation Fund's Health & Welfare plan: 254 participants, plan year 2025 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2025.

## 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|

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