Plan Snapshot
- Plan Sponsor: The Board Of Trustees Of The Ibew Local 968 Pension Fund
- Sponsor EIN: 516106848
- Sponsor Address: 1845 7TH STREET, PARKERSBURG, WV, 26101
- Plan Type: DC
- Plan Number: 001
- Total Participants: 449
- Total Assets: $79.3M
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. |
|---|---|---|---|---|
| 2025 | 449 | $79.3M | $0 | $0 |
| 2024 | 355 | $73.2M | $2.2M | $0 |
| 2023 | 351 | $67.9M | $2.7M | $0 |
| 2022 | 349 | $57.9M | $2.3M | $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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Other Service Provider | $77,518 | — | $77,518 |
| ATLANTA CONSULTING GROUP | Other Service Provider | $43,515 | — | $43,515 |
| AMERICAN BENEFIT CORPORATION | Other Service Provider | $23,057 | — | $23,057 |
| GRAY GRIFFITH AND MAYS | Other Service Provider | $11,142 | — | $11,142 |
| THE TRAVELERS INDEMNITY COMPANY | Other Service Provider | $11,010 | — | $11,010 |
| JOHN F DASCOLI PLLC | Other Service Provider | $6,304 | — | $6,304 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $172,546
- Estimated Expense Ratio: 0.218% 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 |
|---|---|---|---|---|---|
| 2025 | $7,443,338 | $67,722 | — | $10,200 | — |
| 2024 | $141,636 | $43,296 | $57,106 | $12,551 | — |
| 2023 | $147,750 | $50,425 | $49,030 | $13,626 | — |
| 2022 | $133,191 | $47,061 | — | — | $69,378 |