Plan Snapshot
- Plan Sponsor: Scholarship Fund Of The Ibew Local Union 98
- Sponsor EIN: 237861099
- Sponsor Address: 1719 SPRING GARDEN STREET, PHILADELPHIA, PA, 19130
- Plan Type: Health & Welfare
- Plan Number: 509
- Total Participants: 3,523
- Total Assets: $98,193
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 | 3,523 | $98,193 | $0 | $0 |
| 2023 | 3,559 | $165,281 | $0 | $0 |
| 2022 | 2,684 | $212,229 | $0 | $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 |
|---|---|---|---|---|
| CATERING BY MARIO'S | Other Service Provider | $34,866 | — | $34,866 |
| STRASSHEIM GRAPHIC DESIGN | Other Service Provider | $14,486 | — | $14,486 |
| NOVAK FRANCELLA LLC | Auditor | $12,625 | — | $12,625 |
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: $61,977
- Estimated Expense Ratio: 63.118% 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 | $82,518 | — | — | $12,625 | — |
| 2023 | $87,048 | — | — | $12,625 | — |
| 2022 | $132,302 | — | — | — | $12,625 |