Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local No. 573 Pension Plan
- Sponsor EIN: 346570323
- Sponsor Address: 3660 STUTZ DRIVE, SUITE 101, CANFIELD, OH, 44406
- Plan Type: DB
- Total Participants: 266
- Total Assets: $61.2M
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 | 266 | $61.2M | $3.7M | $0 |
| 2023 | 267 | $55.9M | $3.6M | $0 |
| 2022 | 308 | $50.9M | $3.6M | $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 |
|---|---|---|---|---|
| SEGAL MARCO ADVISORS | Other Service Provider | $114,765 | — | $114,765 |
| ACRISURE | Actuary | $39,723 | — | $39,723 |
| ULLICO INVESTMENT ADVISORS, INC. | Investment Advisor | $34,909 | — | $34,909 |
| BENESYS | Recordkeeper | $33,374 | — | $33,374 |
| NATIONAL REAL ESTATE ADVISORS | Investment Advisor | $31,148 | — | $31,148 |
| YURCHYK & DAVIS CPA'S INC | Auditor | $21,033 | — | $21,033 |
| PBGC PREMIUM | Other Service Provider | $18,019 | — | $18,019 |
| PNC BANK | Other Service Provider | $16,889 | — | $16,889 |
| INTERNATIONAL FOUNDATION OF EBP'S | Other Service Provider | $13,165 | — | $13,165 |
| NEW TOWER TRUST COMPANY | Investment Advisor | $11,984 | — | $11,984 |
| COMERICA | Custodian / Trustee | $11,575 | — | $11,575 |
| MACALA & PIATT, LLC | ERISA Attorney | $7,134 | — | $7,134 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $353,718
- Estimated Expense Ratio: 0.578% 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 | $378,525 | $114,765 | $29,640 | $11,900 | — |
| 2023 | $307,236 | $102,575 | $28,844 | $8,200 | — |
| 2022 | $290,753 | $161,753 | $27,868 | — | $61,075 |