# Trustees Of Ibew Local Union No. 126 Health And Welfare Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/trustees-of-ibew-local-union-no-126-health-and-welfare-plan-236395223-501

> Trustees Of Ibew Local Union No. 126 Health And Welfare Plan's Health & Welfare plan: 1,995 participants, plan year 2024 financials, providers, and benchmark…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/alight-solutions) — Recordkeeper

- [NOVAK FRANCELLA, LLC](https://planprovider.pro/provider/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|

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