Plan Snapshot
- Plan Sponsor: Board Of Trustees Bac Local 3 Ny Individual Account Retirement Fund
- Sponsor EIN: 161184581
- Sponsor Address: 33 SAGINAW DRIVE, ROCHESTER, NY, 146233131
- Plan Type: DC
- Total Participants: 3,146
- Total Assets: $98.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,146 | $98.6M | $3.8M | $0 |
| 2023 | 2,162 | $95.3M | $3.5M | $0 |
| 2022 | 2,186 | $86.3M | $3.2M | $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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE | NONE | $348,677 | — | $348,677 |
| MORGAN STANLEY | NONE | $35,446 | — | $35,446 |
| ARCARA ZUCARELLI & LENDA CPA | NONE | $31,564 | — | $31,564 |
| BONADIO & CO., LLP | NONE | $25,883 | — | $25,883 |
| SLEVIN & HART, P.C. | NONE | $21,757 | — | $21,757 |
| DECUSOFT | NONE | $17,499 | — | $17,499 |
| BAC LOCAL 3 JOINT APPRENTICESHIP | RELATED BENEFIT FUND | $7,161 | — | $7,161 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY — NONE
- BONADIO & CO., LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $487,987
- Estimated Expense Ratio: 0.495% 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 | $346,555 | $35,466 | — | $25,883 | — |
| 2023 | $319,221 | $35,334 | — | $23,084 | — |
| 2022 | $258,334 | $42,298 | — | — | $55,226 |