Plan Snapshot
- Plan Sponsor: Albany Area Commercial Printers
- Sponsor EIN: 146013869
- Sponsor Address: C/O GCC/IBT LOCAL ONE L, NEW YORK, NY, 10003
- Plan Type: DB
- Plan Number: 001
- Total Participants: 140
- Total Assets: $108,472
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 | 140 | $108,472 | $15,149 | $0 |
| 2023 | 144 | $127,207 | $15,149 | $0 |
| 2022 | 152 | $151,003 | $15,149 | $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 |
|---|---|---|---|---|
| GCC/IBT - LOCAL ONE - L | Other Service Provider | $159,723 | — | $159,723 |
| TEAL, BECKER, & CHIARAMONTE | Other Service Provider | $12,275 | — | $12,275 |
| COHEN, WEISS, AND SIMON | Other Service Provider | $10,616 | — | $10,616 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $5,178 | — | $5,178 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $187,792
- Estimated Expense Ratio: 173.125% 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 | $196,827 | — | $159,723 | $12,275 | — |
| 2023 | $110,766 | — | $58,500 | $17,150 | — |
| 2022 | $155,712 | — | $98,775 | — | $30,343 |