Plan Snapshot
- Plan Sponsor: Jt Bd Of Trustees Ibew Lu 575 Retiree Health Benefit Plan And Trust
- Sponsor EIN: 311444185
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 25545
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 181
- Total Assets: $4.7M
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 | 181 | $4.7M | $2.5M | $0 |
| 2023 | 377 | $2.5M | $774,978 | $0 |
| 2022 | 697 | $2.2M | $1.0M | $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 | $16,929 | — | $16,929 |
| GRAY, GRIFFITH & MAYS, A.C. | Other Service Provider | $8,650 | — | $8,650 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,579
- Estimated Expense Ratio: 0.546% 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 | $37,136 | — | $14,390 | $10,318 | — |
| 2023 | $31,098 | — | $13,415 | $8,101 | — |
| 2022 | $30,323 | — | $13,417 | — | $9,748 |