Plan Snapshot
- Plan Sponsor: Board Of Trustees
- Sponsor EIN: 131966980
- Sponsor Address: 889 BROADWAY, BAYONNE, NJ, 07002
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 282
- Total Assets: $107,247
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 | 282 | $107,247 | $0 | $0 |
| 2024 | 181 | $88,756 | $5.7M | $0 |
| 2023 | 176 | $118,983 | $5.7M | $0 |
| 2022 | 194 | $70,189 | $5.2M | $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 |
|---|---|---|---|---|
| PATRIOT GROWTH INSURANCE SERVICES | Insurance Carrier | $141,118 | — | $141,118 |
| MOHAMED ARBAB | Other Service Provider | $77,000 | — | $77,000 |
| THE LAMBOS FIRM, LLP | Other Service Provider | $62,740 | — | $62,740 |
| FUIMAN MOGILA LLP | Other Service Provider | $62,370 | — | $62,370 |
| RICHARD ROSSIELLO | Other Service Provider | $42,000 | — | $42,000 |
| DESENA & COMPANY CPAS | Auditor | $28,921 | — | $28,921 |
| KATHY SCHIERECK | Other Service Provider | $14,340 | — | $14,340 |
| PREMIER BENEFIT PLANS | Insurance Carrier | $12,837 | — | $12,837 |
| CYNOMYS, INC. | Actuary | $11,100 | — | $11,100 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $452,426
- Estimated Expense Ratio: 421.854% 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 | $6,283,920 | — | — | — | — |
| 2024 | $356,481 | — | — | — | — |
| 2023 | $348,199 | — | — | — | — |
| 2022 | $360,454 | — | — | — | $171,828 |