Plan Snapshot
- Plan Sponsor: Board Of Trustees
- Sponsor EIN: 135638505
- Sponsor Address: 10 EXCHANGE PLACE SUITE 1400, JERSEY CITY, NJ, 07302
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,331
- Total Assets: $11.9M
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 | 4,331 | $11.9M | $18.2M | $0 |
| 2023 | 3,713 | $11.5M | $17.2M | $0 |
| 2022 | 3,713 | $10.8M | $20.1M | $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 |
|---|---|---|---|---|
| MILA MANAGED HEALTH CARE | Other Service Provider | $5,906,374 | — | $5,906,374 |
| MET LIFE | Insurance Carrier | $3,475,003 | — | $3,475,003 |
| THOMAS OMIATEK | Other Service Provider | $279,694 | — | $279,694 |
| JENNIFER FREEDBERG-BERKOFF | Other Service Provider | $228,661 | — | $228,661 |
| JACQUELINE SCARPARI | Other Service Provider | $191,719 | — | $191,719 |
| ROBERT FIORE | Other Service Provider | $179,183 | — | $179,183 |
| BILLIE JEAN EASLEY | Other Service Provider | $112,612 | — | $112,612 |
| MEGAN CALLAGHAN | Other Service Provider | $95,139 | — | $95,139 |
| BRENDA DANIELS | Other Service Provider | $92,915 | — | $92,915 |
| THE LAMBOS FIRM LLP | Other Service Provider | $91,800 | — | $91,800 |
| MAZZOLA MARDON, P.C. | Other Service Provider | $91,031 | — | $91,031 |
| PEARLINE BENNETT | Other Service Provider | $85,050 | — | $85,050 |
| ADRIANA COSTA | Other Service Provider | $80,886 | — | $80,886 |
| ELYSE LEVINE | Other Service Provider | $74,824 | — | $74,824 |
| PREMIER BENEFIT PLANS, INC. | Insurance Carrier | $62,398 | — | $62,398 |
| THE LOOMIS COMPANY | Recordkeeper | $44,340 | — | $44,340 |
| DESENA & CO. CPAS, LLC | Auditor | $36,967 | — | $36,967 |
| THE SEGAL COMPANY | Actuary | $17,380 | — | $17,380 |
| ADP, INC. | Other Service Provider | $12,125 | — | $12,125 |
| J. GRAHAM INC | Auditor | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,165,601
- Estimated Expense Ratio: 93.809% 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 | $2,769,019 | — | — | $59,439 | — |
| 2023 | $2,736,498 | — | — | $51,478 | — |
| 2022 | $2,544,627 | — | — | — | $284,290 |