# Scholarship Fund Of The Ibew Local Union 98 Health & Welfare Plan
Source: https://planprovider.pro/companies/scholarship-fund-of-the-ibew-local-union-98-237861099-509

> Scholarship Fund Of The Ibew Local Union 98's Health & Welfare plan: 3,523 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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