Plan Snapshot
- Plan Sponsor: Local Union 94 I.B.E.W.
- Sponsor EIN: 223314988
- Sponsor Address: 299 WARD ST., FL 2, EAST WINDSOR, NJ, 08520
- Plan Type: DC
- Total Participants: 2,554
- Total Assets: $24.1M
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 | 2,554 | $24.1M | $3.6M | $773,860 |
| 2023 | 2,773 | $20.8M | $2.8M | $634,941 |
| 2022 | 2,673 | $18.1M | $2.3M | $670,625 |
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 |
|---|---|---|---|---|
| NWPS | N/A | $143,100 | — | $143,100 |
| BARATZ & ASSOCIATES, P.A. | AUDITOR | $32,005 | — | $32,005 |
| COHEN, LEDER, MONTALBANO & CONNAUGH | LEGAL | $30,268 | — | $30,268 |
| IBEW LOCAL UNION 94 | UNION | $8,163 | — | $8,163 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NWPS — N/A
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $213,536
- Estimated Expense Ratio: 0.886% 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 | $214,685 | $1,149 | — | $32,005 | — |
| 2023 | $227,144 | $1,869 | $171,909 | $33,673 | — |
| 2022 | $163,101 | $1,082 | $127,132 | — | $32,161 |