Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local 1919 Annuity
- Sponsor EIN: 236580339
- Sponsor Address: 20000 HORIZON WAY,SUITE 600, MT LAUREL, NJ, 08054
- Plan Type: DC
- Total Participants: 899
- Total Assets: $17.9M
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 | 899 | $17.9M | $2.3M | $0 |
| 2023 | 823 | $15.0M | $1.7M | $0 |
| 2022 | 739 | $13.4M | $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 |
|---|---|---|---|---|
| BEACON ADMINISTRATORS & CONSULTANTS | Other Service Provider | $79,625 | — | $79,625 |
| RETIREMENT PLANNERS ADMINISTRATORS | Other Service Provider | $30,099 | — | $30,099 |
| STANDARD VALUATIONS, INC. | Other Service Provider | $23,075 | — | $23,075 |
| MCELHANEY & ASSOCIATES, LLC | Other Service Provider | $20,000 | — | $20,000 |
| UNITED BANK INC. | Other Service Provider | $19,410 | — | $19,410 |
| STEPHEN J. O'BRIEN | Other Service Provider | $13,024 | — | $13,024 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,233
- Estimated Expense Ratio: 1.034% 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 | $216,865 | $63,099 | $79,625 | $20,000 | — |
| 2023 | $239,633 | $93,176 | $71,652 | $21,008 | — |
| 2022 | $211,644 | $72,396 | $70,231 | — | $54,120 |