Plan Snapshot
- Plan Sponsor: Board Of Trustees Employee Pension Benefit Plan Local 640 I.A.T.S.E.
- Sponsor EIN: 116009100
- Sponsor Address: 261 MADISON AVE., 5TH FLOOR, NEW YORK, NY, 100162303
- Plan Type: DB
- Plan Number: 001
- Total Participants: 0
- Total Assets: $141,204
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 | 0 | $141,204 | $0 | $0 |
| 2023 | 0 | $124,922 | $0 | $0 |
| 2022 | 0 | $144,807 | $0 | $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 |
|---|---|---|---|---|
| USI CONSULTING | Other Service Provider | $35,527 | — | $35,527 |
| LARRY MAGARIK | Custodian / Trustee | $24,840 | — | $24,840 |
| NOVAK FRANCELLA, LLC | Auditor | $13,000 | — | $13,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $73,367
- Estimated Expense Ratio: 51.958% 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 | $87,800 | — | $12,150 | $13,000 | — |
| 2023 | $80,588 | $3,572 | — | $13,000 | — |
| 2022 | $154,459 | $3,756 | — | — | $131,102 |