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
- Total Participants: 355
- Total Assets: $73.2M
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 | 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 |
|---|---|---|---|---|
| GRAY, GRIFFITH AND MAYS AC | Auditor | $12,551 | — | $12,551 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,551
- Estimated Expense Ratio: 0.017% 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 | $141,636 | $43,296 | $57,106 | $12,551 | — |
| 2023 | $147,750 | $50,425 | $49,030 | $13,626 | — |
| 2022 | $133,191 | $47,061 | — | — | $69,378 |