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
- Plan Number: 001
- Total Participants: 15,091
- Total Assets: $1.7B
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. |
|---|---|---|---|---|
| 2025 | 15,091 | $1.7B | $0 | $0 |
| 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 | $790,832 | — | $790,832 |
| MORGAN STANLEY GRAYSTONE | Investment Advisor | $625,532 | — | $625,532 |
| PRUDENTIAL INSURANCE CO | Other Service Provider | $433,151 | — | $433,151 |
| LORD ABBETT & CO LLC | Other Service Provider | $331,432 | — | $331,432 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $220,740 | — | $220,740 |
| INCOME RESEARCH+MANAGEMENT | Other Service Provider | $179,822 | — | $179,822 |
| MANNING AND NAPIER ADVISORS LLC | Other Service Provider | $149,969 | — | $149,969 |
| F/M INVESTMENTS LLC | Other Service Provider | $130,949 | — | $130,949 |
| WEAVER C BARKSDALE & ASSOCIATES INC | Other Service Provider | $102,170 | — | $102,170 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $95,574 | — | $95,574 |
| SCHULTHEIS AND PANETTIERI LLP | Other Service Provider | $80,425 | — | $80,425 |
| NORTHERN TRUST CORPORATION | Other Service Provider | $77,157 | — | $77,157 |
| THE SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $29,000 | — | $29,000 |
| SEGAL SELECT INSURANCE SERVICE INC | Other Service Provider | — | $19,085 | $19,085 |
| SUSANIN WIDMAN & BRENNAN PC | Other Service Provider | $17,103 | — | $17,103 |
| BICC SYSTEMS INC | Other Service Provider | $9,676 | — | $9,676 |
| PROXY VOTE PLUS | Other Service Provider | $6,000 | — | $6,000 |
| ZAZZALI FAGELLA NOWAK KLEINBAUM & F | ERISA Attorney | $5,384 | — | $5,384 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,304,001
- Estimated Expense Ratio: 0.191% 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 |
|---|---|---|---|---|---|
| 2025 | $107,472,472 | $3,223,118 | — | $80,425 | — |
| 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 |