Plan Snapshot
- Plan Sponsor: Trustees Of Ibew Local Union No. 126 Retirement Plan
- Sponsor EIN: 232156093
- Sponsor Address: 3455 GERMANTOWN PIKE, COLLEGEVILLE, PA, 194261503
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 6,529
- Total Assets: $1.1B
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,529 | $1.1B | $86.7M | $1.9M |
| 2023 | 6,177 | $876.6M | $76.3M | $1.8M |
| 2022 | 3,465 | $730.1M | $72.3M | $1.4M |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $761,826 | — | $761,826 |
| IBEW LOCAL UNION NO. 126 | Other Service Provider | $234,085 | — | $234,085 |
| NOVAK FRANCELLA, LLC | Auditor | $42,558 | — | $42,558 |
| FOX ROTHSCHILD, LLP | Other Service Provider | $36,655 | — | $36,655 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $20,000 | — | $20,000 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $19,942 | — | $19,942 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- NOVAK FRANCELLA, LLC — Auditor
- MORGAN STANLEY GRAYSTONE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,115,066
- Estimated Expense Ratio: 0.106% 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 | $1,180,592 | $781,926 | — | $31,852 | — |
| 2023 | $1,051,872 | $730,201 | — | $28,250 | — |
| 2022 | $1,004,540 | $705,412 | — | — | $67,664 |