# Board Of Trustees Derrickmens Annuity Fund, Local 197 DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-derrickmens-annuity-fund-local-197-plan

> Board Of Trustees Derrickmens Annuity Fund, Local 197's DC plan: 136 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|$47,000|—|$47,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [SCHULTHEIS & PANETTIERI, LLP](https://planprovider.pro/provider/schultheis-and-panettieri-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $47,000

- **Estimated Expense Ratio:** 0.106% 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|

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