Plan Snapshot
- Plan Sponsor: Trustees Of The Ibew Local No. 607 Annuity Fund
- Sponsor EIN: 232339624
- Sponsor Address: 425 EAGLE ROCK AVE., ROSELAND, NJ, 07068
- Plan Type: DC
- Total Participants: 161
- Total Assets: $40.1M
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 | 161 | $40.1M | $1.2M | $0 |
| 2023 | 169 | $35.3M | $848,174 | $0 |
| 2022 | 207 | $29.9M | $789,443 | $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 |
|---|---|---|---|---|
| CAPTRUST FINANCIAL PARTNERS, LLC | Other Service Provider | $45,021 | — | $45,021 |
| JOHN HANCOCK RETIREMENT PLAN | Recordkeeper | $27,559 | — | $27,559 |
| FABIAN & BYRN | Other Service Provider | $25,582 | — | $25,582 |
| MEYER UNKOVIC & SCOTT, LLP | Other Service Provider | $17,073 | — | $17,073 |
| FISCHER DORWART, PC | Other Service Provider | $8,950 | — | $8,950 |
| KANG, HAGGERTY & FETBROYT, LLC | Other Service Provider | $8,739 | — | $8,739 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $132,924
- Estimated Expense Ratio: 0.331% 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 | $140,518 | $45,021 | $24,174 | $8,950 | — |
| 2023 | $130,194 | $43,709 | $24,399 | $8,950 | — |
| 2022 | $137,567 | $72,322 | $24,191 | — | $31,540 |