Plan Snapshot
- Plan Sponsor: Trustees Of Plan I B E W Local 673 Pension Plan
- Sponsor EIN: 346661994
- Sponsor Address: 8356 MUNSON ROAD, MENTOR, OH, 44060
- Plan Type: DB
- Total Participants: 157
- Total Assets: $84.9M
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 | 157 | $84.9M | $2.8M | $0 |
| 2023 | 155 | $84.0M | $2.6M | $0 |
| 2022 | 152 | $82.1M | $2.4M | $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 |
|---|---|---|---|---|
| SOLXSYS ADMINISTRATIVE SOLUTIONSLLC | Other Service Provider | $137,480 | — | $137,480 |
| MANNING AND NAPIER ADVISORS | Other Service Provider | $136,583 | — | $136,583 |
| NEWPORT INVESTMENTS | Other Service Provider | $113,110 | — | $113,110 |
| ANCORA ADVISORS | Other Service Provider | $90,243 | — | $90,243 |
| UNITED ACTUARIAL SERVICES INC | Other Service Provider | $52,200 | — | $52,200 |
| UBS FINANCIAL SERVICES | Recordkeeper | $50,000 | — | $50,000 |
| GALLOVIC, GRANITO, & CO LTD | Other Service Provider | $35,090 | — | $35,090 |
| FIFTH THIRD BANK | Other Service Provider | $28,286 | — | $28,286 |
| MACALA & PIATTA, L.L.C. | Other Service Provider | $21,303 | — | $21,303 |
| PENSION BENEFIT GUARANTY CORP | Other Service Provider | $21,090 | — | $21,090 |
| TODD ASSOCIATES INC | Other Service Provider | $10,426 | — | $10,426 |
| NATIONAL REAL ESTATE ADVISORS | Other Service Provider | $10,051 | — | $10,051 |
| IBEW 673 FRINGE BENEFITS FUNDS INC | Other Service Provider | $9,583 | — | $9,583 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $7,475 | — | $7,475 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $722,920
- Estimated Expense Ratio: 0.851% 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 | $737,125 | $407,462 | $147,052 | $35,090 | — |
| 2023 | $733,967 | $382,173 | $179,580 | $28,767 | — |
| 2022 | $683,732 | $400,981 | $105,910 | — | $128,214 |