# Local Union 306 Ibew Pension Annuity Fund Trustees DC Plan
Source: https://planprovider.pro/companies/local-union-306-ibew-pension-annuity-fund-trustees-plan

> Local Union 306 Ibew Pension Annuity Fund Trustees's DC plan: 1,149 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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