Plan Snapshot
- Plan Sponsor: Joint Pension Fund Local Union 164 Ibew
- Sponsor EIN: 226031199
- Sponsor Address: 425 EAGLE ROCK AVENUE, ROSELAND, NJ, 070681717
- Plan Type: DB
- Total Participants: 1,746
- Total Assets: $599.4M
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 | 1,746 | $599.4M | $32.0M | $0 |
| 2023 | 2,072 | $551.9M | $29.4M | $0 |
| 2022 | 2,149 | $486.9M | $32.5M | $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 |
|---|---|---|---|---|
| CONGRESS ASSET MANAGEMENT COMPANY | Other Service Provider | $318,471 | — | $318,471 |
| RAMIREZ ASSET MANAGEMENT | Other Service Provider | $237,902 | — | $237,902 |
| FABIAN AND BYRN, LLC | Other Service Provider | $225,730 | — | $225,730 |
| BLACKROCK | Other Service Provider | $107,446 | — | $107,446 |
| MPC CAPITAL ADVISORS, LLC | Other Service Provider | $88,159 | — | $88,159 |
| MSPC | Auditor | $72,366 | — | $72,366 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $70,000 | — | $70,000 |
| NATIONAL REAL ESTATE ADVISORS, LLC | Other Service Provider | $66,183 | — | $66,183 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $43,151 | — | $43,151 |
| ZAZZALI FAGELLA | Other Service Provider | $40,508 | — | $40,508 |
| WILMINGTON TRUST, NATIONAL ASSOC. | Other Service Provider | $38,575 | — | $38,575 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,308,491
- Estimated Expense Ratio: 0.218% 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 | $1,582,360 | $861,312 | $225,730 | $72,366 | — |
| 2023 | $1,529,359 | $784,833 | $227,201 | $72,066 | — |
| 2022 | $1,409,210 | $765,353 | $233,417 | — | $192,147 |