Plan Snapshot
- Plan Sponsor: Bd. Of Trustees,Ups INC.-Machinists Lodge 447 (Iamaw) Annuity Fund
- Sponsor EIN: 133031882
- Sponsor Address: 830 BEAR TAVERN ROAD, P.O. BOX 1028, WEST TRENTON, NJ, 086280230
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,096
- Total Assets: $64.3M
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 | 1,096 | $64.3M | $5.4M | $0 |
| 2023 | 1,175 | $59.0M | $5.4M | $0 |
| 2022 | 1,180 | $53.7M | $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 |
|---|---|---|---|---|
| PROSKAUER ROSE LLP | Other Service Provider | $232,508 | — | $232,508 |
| I.E. SHAFFER & CO. | Other Service Provider | $129,337 | — | $129,337 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | Investment Advisor | $77,270 | — | $77,270 |
| WESTERN ASSET MANAGEMENT CO. LLC | Other Service Provider | $59,762 | — | $59,762 |
| WEAVER AND TIDWELL LLP | Auditor | $26,875 | — | $26,875 |
| AMALGAMATED BANK | Other Service Provider | $11,992 | — | $11,992 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS, LLC — Investment Advisor
- WEAVER AND TIDWELL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $537,744
- Estimated Expense Ratio: 0.837% 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 | $576,083 | $137,032 | — | $26,875 | — |
| 2023 | $353,380 | $147,694 | — | $26,000 | — |
| 2022 | $347,878 | $157,275 | $121,635 | — | $48,000 |