Plan Snapshot
- Plan Sponsor: Bac Local 5 New York Annuity Plan
- Sponsor EIN: 237107109
- Sponsor Address: 66-05 WOODHAVEN BLVD, REGO PARK, NY, 113745227
- Plan Type: DC
- Total Participants: 1,324
- Total Assets: $25.4M
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 | 1,324 | $25.4M | $1.2M | $0 |
| 2023 | 1,431 | $22.7M | $1.3M | $0 |
| 2022 | 1,438 | $19.9M | $1.4M | $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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | NONE | $58,929 | — | $58,929 |
| PENSION AND ANNUITY PLAN OF BPF | NONE | $34,153 | — | $34,153 |
| PIMCO | NONE | $32,970 | — | $32,970 |
| TEAL, BECKER, & CHIARAMONTE CPAS PC | NONE | $23,000 | — | $23,000 |
| ROBECO/BOSTON PARTNERS | NONE | $19,654 | — | $19,654 |
| TCW GROUP | NONE | $17,146 | — | $17,146 |
| SCHULTHEIS & PANETTIERI LLP | NONE | $10,761 | — | $10,761 |
| BARNES, IACCARINO & SHEPHERD, LLP | NONE | $9,108 | — | $9,108 |
| THE SEGAL COMPANY (EASTERN STATES), | NONE | $5,763 | — | $5,763 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,484
- Estimated Expense Ratio: 0.834% 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 | $229,638 | $127,018 | $36,995 | $23,000 | — |
| 2023 | $213,123 | $107,998 | — | $23,174 | — |
| 2022 | $239,756 | $112,659 | $49,361 | — | $39,293 |