Plan Snapshot
- Plan Sponsor: Joint Pension Fund Of Local Union No 102 Ibew Board Of Trustees
- Sponsor EIN: 221615726
- Sponsor Address: 50 PARSIPPANY ROAD, PARSIPPANY, NJ, 07054
- Plan Type: DB
- Total Participants: 1,981
- Total Assets: $718.3M
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 | 1,981 | $718.3M | $32.1M | $0 |
| 2023 | 2,040 | $671.6M | $32.3M | $0 |
| 2022 | 2,013 | $607.7M | $30.6M | $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 |
|---|---|---|---|---|
| WCM FOCUSED INTL GROWTH FUND, LP | Other Service Provider | $394,920 | — | $394,920 |
| IE SHAFFER AND COMPANY | Other Service Provider | $345,766 | — | $345,766 |
| LAZARD ASSET MANAGEMENT | Other Service Provider | $261,182 | — | $261,182 |
| WEAVER C BARKSDALE AND ASSOC INC | Other Service Provider | $198,327 | — | $198,327 |
| SAGE ADVISORY SERVICES | Other Service Provider | $155,414 | — | $155,414 |
| GW & K INVESTMENT MANAGEMENT | Other Service Provider | $136,325 | — | $136,325 |
| LOOMIS SAYLES TRUST CO | Other Service Provider | $89,361 | — | $89,361 |
| DOLAN MCENIRY CAPITAL MANAGEMENT | Other Service Provider | $87,977 | — | $87,977 |
| CHARTWELL INVESTMENT PARTNERS LLC | Other Service Provider | $86,345 | — | $86,345 |
| MANNING & NAPIER ADVISORS LLC | Recordkeeper | $74,995 | — | $74,995 |
| KEYSTONE 74 BENEFITS AND ADMIN. LLC | Other Service Provider | $74,640 | — | $74,640 |
| GERSON & ASSOC., CPAS AND ADVISORS | Other Service Provider | $69,428 | — | $69,428 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $62,727 | — | $62,727 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $41,012 | — | $41,012 |
| LAW OFFICES OF TIMOTHY R HOTT PC | Other Service Provider | $18,216 | — | $18,216 |
| ORANSY SCARAGGI AND BORG PC | Other Service Provider | $18,133 | — | $18,133 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANNING & NAPIER ADVISORS LLC — Recordkeeper
- MORGAN STANLEY GRAYSTONE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,114,768
- Estimated Expense Ratio: 0.294% 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 | $2,623,513 | $1,886,228 | $345,766 | $69,428 | — |
| 2023 | $2,207,757 | $1,503,247 | $345,766 | $64,892 | — |
| 2022 | $2,287,736 | $1,607,331 | $339,504 | — | $159,418 |