Plan Snapshot
- Plan Sponsor: Board Of Trustees Derrickmens Annuity Fund, Local 197
- Sponsor EIN: 516112621
- Sponsor Address: 1040 AVENUE OF THE AMERICAS,, NEW YORK, NY, 10018
- Plan Type: DC
- Total Participants: 136
- Total Assets: $44.4M
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 | 136 | $44.4M | $2.2M | $0 |
| 2023 | 184 | $41.8M | $3.4M | $0 |
| 2022 | 170 | $35.7M | $2.0M | $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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI LLP | Auditor | $61,084 | — | $61,084 |
| CONGRESS ASSET MANAGEMENT | Other Service Provider | $58,720 | — | $58,720 |
| DANIEL H. COOK ASSOCIATES, INC | Other Service Provider | $25,555 | — | $25,555 |
| WELLS FARGO ADVISORS, LLC | Other Service Provider | $22,000 | — | $22,000 |
| COLLERAN O'HARA & MILLS, LLP | ERISA Attorney | $18,732 | — | $18,732 |
| LAW OFFICE OF STEVEN N DAVI PLLC | ERISA Attorney | $8,800 | — | $8,800 |
| THE SEGAL CO. (EASTERN STATES), INC | Other Service Provider | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,391
- Estimated Expense Ratio: 0.456% 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 | $234,859 | $58,720 | $25,555 | $47,000 | — |
| 2023 | $224,075 | $53,078 | $24,974 | $45,000 | — |
| 2022 | $184,483 | $56,225 | $23,232 | — | $78,766 |