Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Ibew Local 972 Vacation Fund
- Sponsor EIN: 310965899
- Sponsor Address: 3150 US ROUTE 60, ONA, WV, 25545
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 232
- Total Assets: $1.7M
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 | 232 | $1.7M | $1.8M | $0 |
| 2023 | 248 | $2.1M | $2.2M | $0 |
| 2022 | 262 | $1.9M | $1.9M | $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. A.C. | Other Service Provider | $17,259 | — | $17,259 |
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $7,115 | — | $7,115 |
| PEOPLE'S UNITED BANK | Other Service Provider | $5,189 | — | $5,189 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $29,563
- Estimated Expense Ratio: 1.692% 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 | $31,611 | $5,189 | — | — | — |
| 2023 | $30,114 | $5,100 | — | — | — |
| 2022 | $22,290 | $4,817 | — | — | $8,157 |