# Loc. 351 Ibew Health & Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/loc-351-ibew-health-welfare-fund-223235800-501

> Loc. 351 Ibew Health & Welfare Fund's Health & Welfare plan: 1,698 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Loc. 351 Ibew Health & Welfare Fund

- **Sponsor EIN:** 223235800

- **Sponsor Address:** PO BOX 1028, WEST TRENTON, NJ, 08628

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 1,698

- **Total Assets:** $23.6M

## 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|1,698|$23.6M|$36.3M|$537,820|

| 2023|1,707|$23.5M|$33.6M|$723,449|

| 2022|1,744|$24.4M|$30.7M|$773,783|

## 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 HEALTHCARE SERVICES, INC|Other Service Provider|$1,130,395|—|$1,130,395|

| I.E. SHAFFER & CO|Other Service Provider|$746,912|—|$746,912|

| CAPITAL RX, INC|Other Service Provider|$322,454|—|$322,454|

| DELTA DENTAL OF NEW JERSEY, INC|Other Service Provider|$73,169|—|$73,169|

| OBRIEN BELLAND & BUSHINSKY|Other Service Provider|$41,573|—|$41,573|

| EMPOWER ANNUITY INSURANCE CO|Other Service Provider|$40,263|—|$40,263|

| GERSON & ASSOC CPAS AND ADVISORS PC|Other Service Provider|$26,500|—|$26,500|

| MILLIMAN LLC|Recordkeeper|$21,211|—|$21,211|

| MSPC CERTIFIED PUBLIC ACCOUNTANTS|Auditor|$14,267|—|$14,267|

| PRINCETON HEALTHCARE SYSTEM EAP|Other Service Provider|$11,601|—|$11,601|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MILLIMAN LLC](https://planprovider.pro/provider/milliman) — Recordkeeper

- [MSPC CERTIFIED PUBLIC ACCOUNTANTS](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,428,345

- **Estimated Expense Ratio:** 10.288% 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|$928,886|$40,263|$746,912|$40,767|—|

| 2023|$839,124|$30,091|$688,885|$37,237|—|

| 2022|$806,755|$43,409|$618,441|—|$107,732|

## Similar Plans

- [New Jersey Electrical Workers Temporary Disability Benefit Trust Fund](https://planprovider.pro/companies/new-jersey-electrical-workers-temporary-disability-benefit-trust-fund-221714827-501) — 6,564 participants

- [Joint Annuity Fund Local 164 Ibew](https://planprovider.pro/companies/joint-annuity-fund-local-164-ibew-plan) — 3,027 participants

- [South Jersey Electrical Workers Temporary Disability Fund](https://planprovider.pro/companies/south-jersey-electrical-workers-temporary-disability-fund-223424489-501) — 2,957 participants

- [Ibew Local No 102 Welfare Fund Board Of Trustees](https://planprovider.pro/companies/ibew-local-no-102-welfare-fund-board-of-trustees-226487222-501) — 2,473 participants

- [Ibew Local Union No 102 Surety Plan Board Of Trustees](https://planprovider.pro/companies/ibew-local-union-no-102-surety-plan-plan) — 2,337 participants

- [Joint Welfare Fund Local Union 164 Ibew](https://planprovider.pro/companies/joint-welfare-fund-local-union-164-ibew-221537766-501) — 2,291 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/loc-351-ibew-health-welfare-fund-223235800-501)

© 2026 PlanProvider.Pro