Plan Snapshot
- Plan Sponsor: Bd Of Trustees I.U.O.E. Local 877 Annuity Fund
- Sponsor EIN: 043228497
- Sponsor Address: 1 BATTERYMARCH PARK, QUINCY, MA, 021697471
- Plan Type: DC
- Total Participants: 466
- Total Assets: $29.6M
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 | 466 | $29.6M | $1.1M | $887,950 |
| 2023 | 450 | $26.6M | $1.2M | $640,453 |
| 2022 | 671 | $24.1M | $1.3M | $559,508 |
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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI LLP | Auditor | $20,000 | — | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,000
- Estimated Expense Ratio: 0.068% 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 | $218,172 | $147,573 | $26,440 | $20,000 | — |
| 2023 | $144,899 | $82,256 | $27,910 | $11,400 | — |
| 2022 | $148,593 | $82,392 | $27,840 | — | $27,804 |