# The Board Of Trustees Of The Ibew Local 968 Pension Fund DC Plan
Source: https://planprovider.pro/companies/the-board-of-trustees-of-the-ibew-local-968-pension-fund-plan

> The Board Of Trustees Of The Ibew Local 968 Pension Fund's DC plan: 355 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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