Plan Snapshot
- Plan Sponsor: Local Union 306 Ibew Pension Annuity Fund Trustees
- Sponsor EIN: 346689590
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DC
- Total Participants: 1,149
- Total Assets: $302.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,149 | $302.2M | $11.8M | $0 |
| 2023 | 1,151 | $263.3M | $10.8M | $0 |
| 2022 | 1,121 | $231.8M | $10.9M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $96,583 | — | $96,583 |
| UBS FINANCIAL SERVICES INC | INVESTMENT CONSULTANT | $80,000 | — | $80,000 |
| BENESYS, INC | THIRD PARTY ADMINISTRATOR | $36,673 | — | $36,673 |
| MARINER INSTITUTIONAL, LLC | INVESTMENT CONSULTANT | $26,000 | — | $26,000 |
| FAULKNER, HOFFMAN & PHILLIPS, LLC | ATTORNEY | $18,645 | — | $18,645 |
| YURCHYK & DAVIS CPAS INC | AUDITOR | $11,100 | — | $11,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $269,001
- Estimated Expense Ratio: 0.089% 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 | $552,333 | $106,000 | $36,268 | $11,100 | — |
| 2023 | $310,531 | $106,000 | $34,640 | $10,600 | — |
| 2022 | $276,462 | $104,000 | $33,280 | — | $95,829 |