Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local Union No. 126 Health And Welfare Plan
- Sponsor EIN: 236395223
- Sponsor Address: 3455 GERMANTOWN PIKE, COLLEGEVILLE, PA, 19426
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,995
- Total Assets: $164.2M
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 | 1,995 | $164.2M | $58.8M | $703,128 |
| 2023 | 1,945 | $146.3M | $56.0M | $726,247 |
| 2022 | 1,849 | $124.7M | $51.5M | $766,278 |
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 |
|---|---|---|---|---|
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $1,202,136 | — | $1,202,136 |
| MORGAN STANLEY SMITH BARNEY, LLC | Other Service Provider | $176,262 | — | $176,262 |
| IBEW LOCAL UNION NO. 126 | Other Service Provider | $139,039 | — | $139,039 |
| LACHER & ASSOCIATES INS. AGENCY INC | Other Service Provider | $123,806 | — | $123,806 |
| TELADOC INC | Other Service Provider | $115,441 | — | $115,441 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $102,294 | — | $102,294 |
| DELTA DENTAL OF PENNSYLVANIA | Other Service Provider | $85,453 | — | $85,453 |
| COMPUSYS OF UTAH, INC. | Other Service Provider | $61,507 | — | $61,507 |
| GUARDIAN LIFE INSURANCE | Recordkeeper | $46,954 | — | $46,954 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $35,948 | — | $35,948 |
| NOVAK FRANCELLA, LLC | Auditor | $35,164 | — | $35,164 |
| FOX ROTHSCHILD, LLP | Other Service Provider | $28,269 | — | $28,269 |
| SAV RX | Other Service Provider | $17,282 | — | $17,282 |
| EYELATION | Other Service Provider | $12,076 | — | $12,076 |
| SUMMIT ACTUARIAL | Other Service Provider | $9,000 | — | $9,000 |
| CLEARY & JOSEM LLP | Other Service Provider | $6,393 | — | $6,393 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GUARDIAN LIFE INSURANCE — Recordkeeper
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,197,024
- Estimated Expense Ratio: 1.338% 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 | $2,368,872 | $278,556 | $1,557,632 | $25,055 | — |
| 2023 | $2,388,306 | $332,663 | $1,485,157 | $39,842 | — |
| 2022 | $2,136,175 | $318,573 | $1,342,891 | — | $213,885 |