Plan Snapshot
- Plan Sponsor: Board Of Trustees, Freight Drivers And Helpers Local Union No. 557
- Sponsor EIN: 526118055
- Sponsor Address: 7130 COLUMBIA GATEWAY DR., SUITE A, COLUMBIA, MD, 21046
- Plan Type: DB
- Total Participants: 148
- Total Assets: $212.7M
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 | 148 | $212.7M | $1.7M | $0 |
| 2023 | 216 | $214.2M | $2.6M | $0 |
| 2022 | 234 | $202.8M | $2.6M | $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 |
|---|---|---|---|---|
| GROOM LAW GROUP, CHARTERED | ERISA Attorney | $195,717 | — | $195,717 |
| RYAN ALM, INC | Investment Advisor | $161,812 | — | $161,812 |
| THE SEGAL COMPANY | Actuary | $154,533 | — | $154,533 |
| BENEFITS ADMINISTRATION, LLC | Recordkeeper | $147,357 | — | $147,357 |
| ABATO, RUBENSTEIN & ABATO, P.A. | ERISA Attorney | $133,275 | — | $133,275 |
| FIDUCIARYVEST, LLC | Investment Advisor | $120,000 | — | $120,000 |
| BENESYS,INC. | Recordkeeper | $105,995 | — | $105,995 |
| MORGAN, LEWIS & BOCKIUS, LLP | ERISA Attorney | $68,975 | — | $68,975 |
| HCFL | Auditor | $38,610 | — | $38,610 |
| US BANK | Custodian / Trustee | $37,721 | — | $37,721 |
| ROBERT W. BAIRD & CO. | Investment Advisor | $29,139 | — | $29,139 |
| COMERICA BANK AND TRUST | Investment Advisor | $28,387 | — | $28,387 |
| SILVERCREST ASSET MANAGEMENT GROUP | Investment Advisor | $24,521 | — | $24,521 |
| PNC BANK, NA | Custodian / Trustee | $20,283 | — | $20,283 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP, CHARTERED — ERISA Attorney
- MORGAN, LEWIS & BOCKIUS, LLP — ERISA Attorney
- US BANK — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,266,325
- Estimated Expense Ratio: 0.595% 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 | $4,371,016 | $401,580 | $253,352 | — | — |
| 2023 | $469,691 | $255,582 | $252,612 | — | — |
| 2022 | $906,599 | $123,789 | $249,531 | — | $172,227 |