Plan Snapshot
- Plan Sponsor: Profit Sharing Plan And Trust Ibew No. 573 Pension Trust Fund
- Sponsor EIN: 341667617
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DC
- Total Participants: 289
- Total Assets: $29.5M
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 | 289 | $29.5M | $1.7M | $0 |
| 2023 | 311 | $27.3M | $2.0M | $0 |
| 2022 | 380 | $23.5M | $2.0M | $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 |
|---|---|---|---|---|
| YURCHYK & DAVIS CPA'S, INC. | Auditor | $11,900 | — | $11,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,900
- Estimated Expense Ratio: 0.040% 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 | $126,983 | $54,953 | $13,908 | $11,900 | — |
| 2023 | $118,458 | $66,005 | $13,500 | $22,302 | — |
| 2022 | $127,548 | $72,764 | $14,604 | — | $32,295 |