Plan Snapshot
- Plan Sponsor: Bd Of Trustees -N.E.C.A.-I.B.E.W. Local Union No. 35 Pension Fund
- Sponsor EIN: 066152969
- Sponsor Address: C/O SOLXSYS ADMIN. SOLUTIONS, LLC, MERIDEN, CT, 06450
- Plan Type: DB
- Plan Number: 001
- Total Participants: 408
- Total Assets: $84.8M
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 | 408 | $84.8M | $5.8M | $0 |
| 2023 | 362 | $80.5M | $5.0M | $0 |
| 2022 | 367 | $76.9M | $5.5M | $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 |
|---|---|---|---|---|
| MEKETA INVESTMENT GROUP LLP | Other Service Provider | $68,125 | — | $68,125 |
| CBIZ INC | Other Service Provider | $61,968 | — | $61,968 |
| IFM INVESTORS, LLC | Other Service Provider | — | $61,853 | $61,853 |
| HARBORVEST PARTNERS, LLC | Other Service Provider | — | $56,610 | $56,610 |
| RCP ADVISORS 2, LLC | Other Service Provider | — | $56,400 | $56,400 |
| SOLXSYS ADMIN SOLUTIONS, LLC | Other Service Provider | $54,700 | — | $54,700 |
| ROBERT CHEVERIE & ASSOC. | Other Service Provider | $50,000 | — | $50,000 |
| NATIONAL REAL ESTATE ADVISORS, LLC | Other Service Provider | $44,556 | — | $44,556 |
| UBS REALTY INVESTORS LLC | Other Service Provider | $42,005 | — | $42,005 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $26,777 | — | $26,777 |
| ZENITH AMERICAN SOLUTIONS, INC. | Other Service Provider | $25,928 | — | $25,928 |
| NOVAK FRANCELLA LLC | Auditor | $22,776 | — | $22,776 |
| HAMILTON LANE ADVISORS, LLC | Other Service Provider | — | $17,196 | $17,196 |
| MCG ALTSCAPE MASTER FUND, L.P. | Other Service Provider | $7,530 | — | $7,530 |
| THE UNION LABOR LIFE INS. CO. | Recordkeeper | $6,219 | — | $6,219 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- THE UNION LABOR LIFE INS. CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $602,643
- Estimated Expense Ratio: 0.710% 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 | $670,135 | $360,494 | $80,628 | $14,550 | — |
| 2023 | $608,969 | $335,661 | $81,084 | $14,350 | — |
| 2022 | $589,301 | $364,697 | $76,260 | — | $95,299 |