Plan Snapshot
- Plan Sponsor: Trustees Of Local No 41 Ibew Health Fund
- Sponsor EIN: 160841426
- Sponsor Address: 3546 CALIFORNIA ROAD, ORCHARD PARK, NY, 141271746
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 906
- Total Assets: $56.0M
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 | 906 | $56.0M | $21.8M | $382,135 |
| 2023 | 863 | $49.1M | $18.9M | $396,273 |
| 2022 | 804 | $45.8M | $0 | $16.5M |
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 |
|---|---|---|---|---|
| MANNING & NAPIER | Other Service Provider | $216,928 | — | $216,928 |
| LEEANN MURPHY | Other Service Provider | $170,546 | — | $170,546 |
| DEANNA WRAZEN | Other Service Provider | $105,516 | — | $105,516 |
| JODENE BLAKE | Other Service Provider | $103,904 | — | $103,904 |
| MORGAN SIUDZINSKI | Other Service Provider | $103,402 | — | $103,402 |
| HANNAH SNYDER | Other Service Provider | $97,394 | — | $97,394 |
| ARCARA, LENDA, EUSANIO & STACEY | Other Service Provider | $38,214 | — | $38,214 |
| BLITMAN & KING LLP | Other Service Provider | $30,741 | — | $30,741 |
| O'SULLIVAN & ASSOCIATES | Other Service Provider | $24,640 | — | $24,640 |
| JBM COMPUTER CONSULTANTS | Other Service Provider | $18,177 | — | $18,177 |
| WILMINGTON TRUST, NA | Other Service Provider | $16,109 | — | $16,109 |
| SEGAL MARCO ADVISORS | Other Service Provider | $15,750 | — | $15,750 |
| M&T BANK CORPORATION | Other Service Provider | $8,606 | — | $8,606 |
| NETRIO | Other Service Provider | $6,979 | — | $6,979 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $956,906
- Estimated Expense Ratio: 1.708% 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 | $1,830,752 | $216,928 | — | $38,764 | — |
| 2023 | $1,578,768 | $203,012 | — | $37,282 | — |
| 2022 | $1,364,494 | $107,069 | — | — | $120,475 |