Plan Snapshot
- Plan Sponsor: Joint Welfare Fund Local Union 164 Ibew
- Sponsor EIN: 221537766
- Sponsor Address: 425 EAGLE ROCK AVENUE, ROSELAND, NJ, 070681717
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,291
- Total Assets: $186.7M
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 | 2,291 | $186.7M | $69.4M | $1.7M |
| 2023 | 2,418 | $187.9M | $65.0M | $1.6M |
| 2022 | 2,465 | $184.3M | $72.3M | $1.4M |
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 |
|---|---|---|---|---|
| HORIZON BLUE CROSS | Other Service Provider | $1,760,570 | — | $1,760,570 |
| FABIAN & BYRN, LLC | Other Service Provider | $714,647 | — | $714,647 |
| CAPITAL RX INC | Other Service Provider | $585,940 | — | $585,940 |
| ZELIS CLAIMS INTERITY | Other Service Provider | $235,351 | — | $235,351 |
| RAMIREZ ASSET MANAGEMENT | Other Service Provider | $154,585 | — | $154,585 |
| MSPC | Auditor | $137,194 | — | $137,194 |
| BLACKROCK | Other Service Provider | $88,025 | — | $88,025 |
| INTERVENTION STRATEGIES | Other Service Provider | $70,140 | — | $70,140 |
| CONGRESS ASSET MANAGEMENT COMPANY | Other Service Provider | $55,420 | — | $55,420 |
| MILLIMAN, INC | Recordkeeper | $44,359 | — | $44,359 |
| ZAZZALI FAGELLA | Other Service Provider | $36,157 | — | $36,157 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $36,000 | — | $36,000 |
| TOBIA & LOVELACE, ESQS., LLC | Other Service Provider | $29,625 | — | $29,625 |
| MPC CAPITAL ADVISORS, LLC | Other Service Provider | $27,427 | — | $27,427 |
| WILMINGTON TRUST, NATIONAL ASSOC. | Other Service Provider | $16,175 | — | $16,175 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $9,240 | — | $9,240 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC — Auditor
- MILLIMAN, INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,000,855
- Estimated Expense Ratio: 2.143% 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 | $4,134,241 | $350,872 | $714,647 | $137,194 | — |
| 2023 | $4,067,145 | $340,323 | $730,286 | $150,528 | — |
| 2022 | $3,800,028 | $340,783 | $723,959 | — | $258,402 |