Plan Snapshot
- Plan Sponsor: Trustees Of I.B.E.W. Local No. 728 Pension Fund
- Sponsor EIN: 596510428
- Sponsor Address: 2010 N.W. 150TH AVENUE, PEMBROKE PINES, FL, 330281123
- Plan Type: DB
- Total Participants: 539
- Total Assets: $71.9M
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 | 539 | $71.9M | $2.3M | $0 |
| 2023 | 550 | $67.5M | $1.7M | $0 |
| 2022 | 533 | $63.4M | $1.7M | $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 |
|---|---|---|---|---|
| CAPTRUST | Investment Advisor | $135,232 | — | $135,232 |
| NEBA | Other Service Provider | $121,876 | — | $121,876 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $87,537 | — | $87,537 |
| SUGARMAN AND SUSSKIND | ERISA Attorney | $84,299 | — | $84,299 |
| HORIZON ACTUARIAL SERVICES | Other Service Provider | $52,792 | — | $52,792 |
| LEGACY PROFESSIONALS LLP | Auditor | $30,968 | — | $30,968 |
| COMERICA | Other Service Provider | $27,365 | — | $27,365 |
| IBEW LOCAL 728 UNION | Other Service Provider | $16,878 | — | $16,878 |
| J.P. MORGAN ASSET MANAGEMENT | Recordkeeper | $14,609 | — | $14,609 |
| PROFUND SOLUTIONS LLC | Other Service Provider | $10,800 | — | $10,800 |
| RHUMBLINE ADVISERS CORP | Other Service Provider | $9,976 | — | $9,976 |
| TRUIST BANK | Other Service Provider | $8,269 | — | $8,269 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAPTRUST — Investment Advisor
- SUGARMAN AND SUSSKIND — ERISA Attorney
- LEGACY PROFESSIONALS LLP — Auditor
- J.P. MORGAN ASSET MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $600,601
- Estimated Expense Ratio: 0.836% 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 | $711,023 | $247,354 | $118,236 | $21,800 | — |
| 2023 | $639,362 | $223,613 | $118,112 | $21,300 | — |
| 2022 | $593,893 | $219,451 | $113,070 | — | $165,156 |