Plan Snapshot
- Plan Sponsor: Board Of Trustees
- Sponsor EIN: 237177674
- Sponsor Address: 889 BROADWAY, BAYONNE, NJ, 07002
- Plan Type: Health & Welfare
- Plan Number: 503
- Total Participants: 353
- Total Assets: $364,800
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 | 353 | $364,800 | $1.6M | $0 |
| 2023 | 326 | $335,203 | $1.5M | $0 |
| 2022 | 295 | $340,217 | $1.5M | $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 |
|---|---|---|---|---|
| FUIMAN MOGILA LLP | Other Service Provider | $18,480 | — | $18,480 |
| THE LAMBOS FIRM, LLP | Other Service Provider | $18,480 | — | $18,480 |
| DESENA & COMPANY CPAS, LLC | Auditor | $15,507 | — | $15,507 |
| MOHAMED ARBAB | Recordkeeper | $11,000 | — | $11,000 |
| RICHARD ROSSIELLO | Recordkeeper | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MOHAMED ARBAB — Recordkeeper
- RICHARD ROSSIELLO — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,467
- Estimated Expense Ratio: 19.042% 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 | $83,065 | — | — | $15,507 | — |
| 2023 | $72,687 | — | — | — | — |
| 2022 | $87,653 | — | — | — | $49,607 |