Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local 363-Welfare
- Sponsor EIN: 136132502
- Sponsor Address: 67 COMMERCE DRIVE SOUTH, HARRIMAN, NY, 10926
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 763
- Total Assets: $61.6M
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 | 763 | $61.6M | $27.1M | $1.8M |
| 2023 | 764 | $55.7M | $26.5M | $2.0M |
| 2022 | 770 | $49.6M | $23.9M | $1.9M |
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 |
|---|---|---|---|---|
| AETNA | Other Service Provider | $216,710 | — | $216,710 |
| PAMELA BROWN | Other Service Provider | $179,920 | — | $179,920 |
| ARIA EMPLOYEE BENEFIT SERVICES INC | Other Service Provider | $166,958 | — | $166,958 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $120,510 | — | $120,510 |
| NICOLE DEFELICE | Other Service Provider | $76,516 | — | $76,516 |
| HAILEY BROWN | Other Service Provider | $62,368 | — | $62,368 |
| DANIELLE ADAIR | Other Service Provider | $52,150 | — | $52,150 |
| TINA MORENO | Other Service Provider | $52,025 | — | $52,025 |
| MILLIMAN, INC | Recordkeeper | $32,357 | — | $32,357 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $22,130 | — | $22,130 |
| ARCHER BYINGTON GLENNON | Other Service Provider | $18,809 | — | $18,809 |
| L. 363 JAT RE CORP. | Other Service Provider | $17,520 | — | $17,520 |
| BERARD & ASSOCIATES | Other Service Provider | $13,200 | — | $13,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
- MILLIMAN, INC — Recordkeeper
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,031,173
- Estimated Expense Ratio: 1.674% 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 | $1,462,880 | $120,510 | $383,668 | $22,130 | — |
| 2023 | $1,476,121 | $103,038 | $357,371 | $20,600 | — |
| 2022 | $1,453,868 | $136,959 | $326,474 | — | $99,477 |