Plan Snapshot
- Plan Sponsor: Board Of Trustees H&Gl Local Unions 472 & 172 Of Nj Pension Fund
- Sponsor EIN: 226032103
- Sponsor Address: 700 RAYMOND BOULEVARD, NEWARK, NJ, 071052909
- Plan Type: DB
- Plan Number: 001
- Total Participants: 7,670
- Total Assets: $1.8B
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 | 7,670 | $1.8B | $144.5M | $0 |
| 2023 | 7,491 | $1.6B | $133.0M | $0 |
| 2022 | 7,170 | $1.4B | $126.7M | $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 |
|---|---|---|---|---|
| ATALANTA SOSNOFF CAPITAL, LLC | Other Service Provider | $823,353 | — | $823,353 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $701,684 | — | $701,684 |
| WCM INVESTMENT MANAGEMENT, LLC | Other Service Provider | $533,255 | — | $533,255 |
| PRUDENTIAL INSURANCE CO. OF AMERICA | Recordkeeper | $411,628 | — | $411,628 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $353,290 | — | $353,290 |
| MANNING & NAPIER ADVISORS, LLC | Other Service Provider | $272,882 | — | $272,882 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $208,296 | — | $208,296 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | $182,128 | — | $182,128 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $160,577 | — | $160,577 |
| UNION LABOR LIFE INSURANCE COMPANY | Recordkeeper | $145,369 | — | $145,369 |
| THE NORTHERN TRUST COMPANY | Other Service Provider | $131,433 | — | $131,433 |
| THE SEGAL COMPANY EAST ST. , INC. | Other Service Provider | $119,323 | — | $119,323 |
| WEAVER C. BARKSDALE ASSOCIATES,INC. | Other Service Provider | $103,364 | — | $103,364 |
| HULSE & ASSOCIATES, P.C. | Auditor | $93,750 | — | $93,750 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $52,036 | — | $52,036 |
| PERFECT PRINTING SOLUTIONS, INC. | Other Service Provider | $37,815 | — | $37,815 |
| NATIONSTAR MORTGAGE LLC DB RUSHMORE | Other Service Provider | $32,548 | — | $32,548 |
| ZAZZALI P.C. | ERISA Attorney | $25,996 | — | $25,996 |
| SUSANIN, WIDMAN & BRENNAN, PC | Other Service Provider | $21,675 | — | $21,675 |
| SEGAL SELECT INSURANCE SERVICES,INC | Other Service Provider | — | $19,914 | $19,914 |
| COWEN & COMPANY LLC & TD SECURITIES | Other Service Provider | $15,549 | — | $15,549 |
| BICC SYSTEMS, INC. | Other Service Provider | $8,873 | — | $8,873 |
| PENSION BENEFIT INFORMATION, LLC | Other Service Provider | $7,449 | — | $7,449 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRUDENTIAL INSURANCE CO. OF AMERICA — Recordkeeper
- UNION LABOR LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,462,187
- Estimated Expense Ratio: 0.251% 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 | $4,895,647 | $2,470,828 | — | $93,750 | — |
| 2023 | $4,323,535 | $2,067,750 | — | $93,750 | — |
| 2022 | $3,643,628 | $1,573,048 | — | — | $261,421 |