Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local No 607 Pension Fund
- Sponsor EIN: 236423158
- Sponsor Address: 425 EAGLE ROCK AVE, ROSELAND, NJ, 07068
- Plan Type: DB
- Total Participants: 161
- Total Assets: $22.7M
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 | 161 | $22.7M | $1.2M | $0 |
| 2023 | 153 | $20.2M | $906,733 | $0 |
| 2022 | 161 | $17.4M | $817,265 | $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 |
|---|---|---|---|---|
| FABIAN & BYRN | Other Service Provider | $43,877 | — | $43,877 |
| MARINER INSTITUTIONAL | Other Service Provider | $25,000 | — | $25,000 |
| ACRISURE MID-ATLANTIC PARTNERS | Other Service Provider | $24,230 | — | $24,230 |
| THE MANUFACTURERS AND TRADES TRUST | Recordkeeper | $13,558 | — | $13,558 |
| MEYER UNKOVIC & SCOTT LLP | Other Service Provider | $11,043 | — | $11,043 |
| FISCHER DORWART, PC | Other Service Provider | $10,500 | — | $10,500 |
| KANG, HAGGERTY & FRETBROYT LLC | Other Service Provider | $8,739 | — | $8,739 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE MANUFACTURERS AND TRADES TRUST — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $136,947
- Estimated Expense Ratio: 0.603% 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 | $154,437 | $25,000 | $42,468 | $10,500 | — |
| 2023 | $149,018 | $25,000 | $42,651 | $10,500 | — |
| 2022 | $152,876 | $36,518 | $39,628 | — | $58,960 |