Plan Snapshot
- Plan Sponsor: Local Union 98 I.B.E.W. - Trustees Profit Sharing Plan
- Sponsor EIN: 232289872
- Sponsor Address: 1719 SPRING GARDEN STREET, PHILADELPHIA, PA, 191303915
- Plan Type: DC
- Total Participants: 3,867
- Total Assets: $1.3B
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 | 3,867 | $1.3B | $68.5M | $0 |
| 2023 | 3,927 | $1.1B | $65.8M | $0 |
| 2022 | 3,905 | $958.5M | $58.8M | $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 |
|---|---|---|---|---|
| NOVAK FRANCELLA, LLC | Auditor | $47,000 | — | $47,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,000
- Estimated Expense Ratio: 0.004% 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 | $734,159 | $51,468 | $101,710 | $47,000 | — |
| 2023 | $701,610 | $52,230 | $89,362 | $46,300 | — |
| 2022 | $720,843 | $285,952 | $89,322 | — | $176,879 |