Plan Snapshot
- Plan Sponsor: Bd Of Trustees-Adjustable Plan Of The National Retirement Fund
- Sponsor EIN: 136130178
- Sponsor Address: 333 WESTCHESTER AVENUE, WHITE PLAINS, NY, 106042910
- Plan Type: DB
- Total Participants: 28,031
- Total Assets: $161.8M
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 | 28,031 | $161.8M | $14.5M | $0 |
| 2023 | 27,139 | $139.5M | $13.8M | $0 |
| 2022 | 23,035 | $125.2M | $14.3M | $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 |
|---|---|---|---|---|
| AMALGAMATED EMPLOYEE BENEFITS ADMIN | OWNED BY PARTY-IN-INT | $2,438,000 | — | $2,438,000 |
| SCHULTE ROTH & ZABEL LLP | NONE | $269,934 | — | $269,934 |
| HORIZON ACTUARIAL SERVICES, LLC | NONE | $179,962 | — | $179,962 |
| NOVAK FRANCELLA, LLC | NONE | $94,000 | — | $94,000 |
| LEGACY PLAN OF THE NATIONAL RETIREM | PARTY-IN-INTEREST | $84,649 | — | $84,649 |
| HIRTLE, CALLAGHAN & COMPANY | PARTY-IN-INTEREST | $68,135 | — | $68,135 |
| ALIGRAPHICS, A DIVISION OF AEBA | OWNED BY PARTY-IN-INT | $53,189 | — | $53,189 |
| HARDMAN JOHNSTON GLOBAL ADVISORS | NONE | $51,708 | — | $51,708 |
| JPMORGAN CHASE BANK, NATIONAL ASSOC | NONE | $46,042 | — | $46,042 |
| VIRTUAL BENEFITS ADMINISTRATORS | NONE | — | $39,076 | $39,076 |
| MARINER INSTITUTIONAL, LLC | NONE | $37,500 | — | $37,500 |
| AMALGAMATED LIFE INSURANCE COMPANY | OWNED BY PARTY-IN-INT | $22,883 | — | $22,883 |
| SS&C TECHNOLOGIES | NONE | — | $15,938 | $15,938 |
| AMALGAMATED BANK | PARTY-IN-INTEREST | $6,223 | — | $6,223 |
| SOUTHERN REGIONAL JOINT BOARD | PARTY-IN-INTEREST | — | $5,540 | $5,540 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTE ROTH & ZABEL LLP — NONE
- NOVAK FRANCELLA, LLC — NONE
- JPMORGAN CHASE BANK, NATIONAL ASSOC — NONE
- AMALGAMATED LIFE INSURANCE COMPANY — OWNED BY PARTY-IN-INT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,412,779
- Estimated Expense Ratio: 2.109% 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 | $4,987,045 | $254,236 | $2,448,335 | $51,162 | — |
| 2023 | $4,403,082 | $238,927 | $2,335,737 | $55,143 | — |
| 2022 | $4,429,782 | $354,761 | $2,285,971 | — | $227,649 |