Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Ibew Local Union 317 Electrical Vacation Fu
- Sponsor EIN: 556062828
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 25545
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 593
- Total Assets: $2.6M
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 | 593 | $2.6M | $0 | $0 |
| 2024 | 564 | $2.2M | $4.0M | $0 |
| 2023 | 484 | $1.9M | $3.8M | $0 |
| 2022 | 522 | $2.0M | $3.6M | $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 | $29,708 | — | $29,708 |
| GRAY, GRIFFITH & MAYS, A.C. | Other Service Provider | $8,455 | — | $8,455 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,163
- Estimated Expense Ratio: 1.479% 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 | $4,895,797 | $1,754 | $29,708 | $10,675 | — |
| 2024 | $42,651 | $858 | $23,575 | $11,474 | — |
| 2023 | $41,991 | $1,415 | $21,759 | $12,214 | — |
| 2022 | $36,509 | $736 | $19,011 | — | $12,829 |