Plan Snapshot
- Plan Sponsor: Bd Of Trustees Heavy & General Laborers' Of Nj Annuity Fund
- Sponsor EIN: 222331070
- Sponsor Address: 700 RAYMOND BLVD, NEWARK, NJ, 071052909
- Plan Type: DC
- Total Participants: 9,133
- Total Assets: $1.6B
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 | 9,133 | $1.6B | $103.4M | $0 |
| 2023 | 8,865 | $1.4B | $95.6M | $0 |
| 2022 | 8,602 | $1.3B | $88.8M | $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 |
|---|---|---|---|---|
| ATALANTA SOSNOFF CAPITAL LLC | Other Service Provider | $688,761 | — | $688,761 |
| PRUDENTIAL INSURANCE CO | Recordkeeper | $492,384 | — | $492,384 |
| LORD ABBETT & CO LLC | Other Service Provider | $454,027 | — | $454,027 |
| BOSTON PARTNERS GLOBAL INVESTORS | Other Service Provider | $416,714 | — | $416,714 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $251,492 | — | $251,492 |
| MANNING AND NAPIER ADVISORS LLC | Other Service Provider | $231,130 | — | $231,130 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $206,703 | — | $206,703 |
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | $147,763 | — | $147,763 |
| F/M INVESTMENTS LLC | Investment Advisor | $133,675 | — | $133,675 |
| UNION LABOR LIFE INSUR CO | Recordkeeper | $107,937 | — | $107,937 |
| WEAVER C BARKSDALE & ASSOCIATES INC | Other Service Provider | $97,591 | — | $97,591 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $90,353 | — | $90,353 |
| SCHULTHEIS AND PENETTIERI LLP | Auditor | $71,000 | — | $71,000 |
| NATIONAL INVESTMENT SERVICE | Other Service Provider | $43,407 | — | $43,407 |
| SEGAL SELECT INSURANCE SERVICE INC | Other Service Provider | — | $36,929 | $36,929 |
| SUSANIN WIDMAN & BRENNAN PC | Other Service Provider | $28,066 | — | $28,066 |
| THE SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $26,304 | — | $26,304 |
| ZAZZALI FAGELLA NOWAK KLEINBAUM & F | ERISA Attorney | $19,262 | — | $19,262 |
| BICC SYSTEMS INC | Other Service Provider | $9,931 | — | $9,931 |
| PROXY VOTE PLUS | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE CO — Recordkeeper
- MORGAN STANLEY SMITH BARNEY LLC — Investment Advisor
- UNION LABOR LIFE INSUR CO — Recordkeeper
- SCHULTHEIS AND PENETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,559,429
- Estimated Expense Ratio: 0.229% 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 | $4,943,893 | $3,561,963 | $26,304 | $71,000 | — |
| 2023 | $4,383,183 | $3,165,072 | $20,064 | $70,275 | — |
| 2022 | $4,597,537 | $3,414,258 | — | — | $118,572 |