# Joint Welfare Fund Local Union 164 Ibew 401(k) Plan
Source: https://planprovider.pro/companies/joint-welfare-fund-local-union-164-ibew-221537766-501

> Joint Welfare Fund Local Union 164 Ibew's 401(k) plan: 2,291 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

- [MILLIMAN, INC](https://planprovider.pro/provider/milliman) — 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|

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