Plan Snapshot
- Plan Sponsor: Bd Of Trustees Bctgm Local 53 Health Benefits Fund
- Sponsor EIN: 111782177
- Sponsor Address: 1425 BROAD STREET, SUITE 4, CLIFTON, NJ, 07013
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,573
- Total Assets: $29.7M
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 | 1,573 | $29.7M | $32.1M | $48,002 |
| 2023 | 1,685 | $25.0M | $32.5M | $28,018 |
| 2022 | 1,633 | $17.9M | $30.4M | $52,004 |
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 |
|---|---|---|---|---|
| EMBLEM HEALTH | Other Service Provider | $882,024 | — | $882,024 |
| QUANTUM FINANCIAL STRATEGIES | Other Service Provider | $180,363 | — | $180,363 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $144,772 | — | $144,772 |
| UNITED HEALTHCARE INSURANCE COMPANY | Other Service Provider | $143,734 | — | $143,734 |
| WEAVER AND TIDWELL LLP | Auditor | $96,266 | — | $96,266 |
| FUIMAN MOGILA LLP | Other Service Provider | $78,000 | — | $78,000 |
| AMY SLYVCHAK | Other Service Provider | $69,531 | — | $69,531 |
| CADARET GRANT | Other Service Provider | $62,153 | — | $62,153 |
| KESTRA INVESTMENT SERVICES LLC | Investment Advisor | $61,231 | — | $61,231 |
| GLADYS RODRIGUEZ | Other Service Provider | $60,053 | — | $60,053 |
| ILIANA OROZCO | Other Service Provider | $59,195 | — | $59,195 |
| DICKINSON GROUP, LLC | Other Service Provider | $35,208 | — | $35,208 |
| SUN LIFE CAPITAL MANAGEMENT(US) LLC | Other Service Provider | $25,153 | — | $25,153 |
| LOOMIS SAYLES & COMPANY, L.P. | Other Service Provider | $9,158 | — | $9,158 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL LLP — Auditor
- KESTRA INVESTMENT SERVICES LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,906,841
- Estimated Expense Ratio: 6.418% 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 | $2,303,378 | $161,977 | $1,492,974 | $96,266 | — |
| 2023 | $1,843,762 | $91,218 | $1,114,836 | $81,354 | — |
| 2022 | $1,723,773 | $47,580 | $1,113,648 | — | $166,587 |