Plan Snapshot
- Plan Sponsor: Bac Local #5 New York Pension Plan
- Sponsor EIN: 146016608
- Sponsor Address: 66-05 WOODHAVEN BLVD, REGO PARK, NY, 113745227
- Plan Type: DB
- Total Participants: 69
- Total Assets: $64.4M
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 | 69 | $64.4M | $696,970 | $0 |
| 2023 | 78 | $64.6M | $725,709 | $0 |
| 2022 | 97 | $62.0M | $800,234 | $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 & SMITH | Investment Advisor | $231,998 | — | $231,998 |
| THE SEGAL COMPANY (EASTERN STATES), | Other Service Provider | $60,000 | — | $60,000 |
| PENSION AND ANNUITY PLAN OF BRICKLA | Other Service Provider | $46,960 | — | $46,960 |
| TEAL, BECKER, & CHIARAMONTE CPAS PC | Auditor | $38,125 | — | $38,125 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $13,658 | — | $13,658 |
| BARNES, IACCARINO & SHEPHERD, LLP | Other Service Provider | $9,108 | — | $9,108 |
| BANK OF AMERICA | Custodian / Trustee | $8,851 | — | $8,851 |
| TCW GROUP INC | Other Service Provider | $8,100 | — | $8,100 |
| BOSTON PARTNERS | Other Service Provider | $7,575 | — | $7,575 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TEAL, BECKER, & CHIARAMONTE CPAS PC — Auditor
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $424,375
- Estimated Expense Ratio: 0.659% 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 | $1,693,121 | $259,072 | $44,111 | $38,125 | — |
| 2023 | $556,465 | $266,262 | — | $38,736 | — |
| 2022 | $397,635 | $162,074 | — | — | $88,451 |