Plan Snapshot
- Plan Sponsor: Board Of Trustees, Heavy & General Laborers Welfare Fund Of New Jersey
- Sponsor EIN: 221481564
- Sponsor Address: 700 RAYMOND BOULEVARD, NEWARK, NJ, 071052909
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 7,130
- Total Assets: $374.1M
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 | 7,130 | $374.1M | $166.4M | $58.6M |
| 2023 | 6,862 | $356.8M | $154.4M | $55.0M |
| 2022 | 6,700 | $326.7M | $147.2M | $53.4M |
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 |
|---|---|---|---|---|
| MERITAIN HEALTH, INC. | Other Service Provider | $3,131,359 | — | $3,131,359 |
| ZAZZALI FAGELLA NOWAK, KLEINBAUM & | Other Service Provider | $408,118 | — | $408,118 |
| THE SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $398,478 | — | $398,478 |
| BEVERLY CEASER | Recordkeeper | $262,433 | — | $262,433 |
| THOMAS COTOV | Recordkeeper | $256,519 | — | $256,519 |
| VINCENT P RICCARDI | Recordkeeper | $222,822 | — | $222,822 |
| CHARLES FERNS | Recordkeeper | $197,083 | — | $197,083 |
| RUSSELL A BLEY | Recordkeeper | $190,017 | — | $190,017 |
| ROBERT CALAMARI | Recordkeeper | $168,351 | — | $168,351 |
| BRUNO C GRACA | Recordkeeper | $165,420 | — | $165,420 |
| NICHOLAS BUNERO | Recordkeeper | $161,332 | — | $161,332 |
| CARLOS DEOLIVEIRA | Recordkeeper | $160,289 | — | $160,289 |
| GLENN KENYON | Recordkeeper | $157,722 | — | $157,722 |
| SUSIE LOPES | Recordkeeper | $155,953 | — | $155,953 |
| THERESA CALAMARI | Recordkeeper | $143,828 | — | $143,828 |
| ATALANTA SOSNOFF CAPITAL LLC | Other Service Provider | $134,144 | — | $134,144 |
| MARTA VIEIRA | Recordkeeper | $130,163 | — | $130,163 |
| AMY M HIBBS | Recordkeeper | $126,760 | — | $126,760 |
| ELENA B SOARES | Recordkeeper | $125,717 | — | $125,717 |
| MARK A GRIFFITH | Recordkeeper | $123,234 | — | $123,234 |
| FRANCISCA PEGO | Recordkeeper | $110,089 | — | $110,089 |
| VINCENT CHIARIELLO | Recordkeeper | $107,093 | — | $107,093 |
| MICHAEL GIAMMARINO | Recordkeeper | $106,995 | — | $106,995 |
| SHARON A SILLEN | Recordkeeper | $106,794 | — | $106,794 |
| CLAUDIA CAETANO | Recordkeeper | $98,600 | — | $98,600 |
| MARIA A AHEDO | Recordkeeper | $92,657 | — | $92,657 |
| MONICA J CACOILO | Recordkeeper | $87,165 | — | $87,165 |
| SANDRA OLIVEIRA | Recordkeeper | $84,769 | — | $84,769 |
| ANGELINI, VINIAR & FREEDMAN, LLP | Other Service Provider | $80,629 | — | $80,629 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $79,000 | — | $79,000 |
| JENNIFER TEIXEIRA | Recordkeeper | $75,997 | — | $75,997 |
| BICC SYSTEMS INC | Other Service Provider | $72,025 | — | $72,025 |
| MARGARIDA M PEREIRA | Recordkeeper | $71,887 | — | $71,887 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $70,996 | — | $70,996 |
| NATALIA FERREIRA | Recordkeeper | $68,320 | — | $68,320 |
| WEAVER C. BARKSDALE & ASSOCIATES, I | Other Service Provider | $67,588 | — | $67,588 |
| DANIELLE GAMMON | Recordkeeper | $63,944 | — | $63,944 |
| ULLICO | Recordkeeper | $61,660 | — | $61,660 |
| CYNTHIA PARKER | Recordkeeper | $58,750 | — | $58,750 |
| RUI P TEIXEIRA | Recordkeeper | $57,501 | — | $57,501 |
| SUSAN R TANZ | Recordkeeper | $56,560 | — | $56,560 |
| RACHELLE CHIARIELLO | Recordkeeper | $53,224 | — | $53,224 |
| ALEXANDER RINALDI, ESQ. | Other Service Provider | $52,774 | — | $52,774 |
| J.J. PIERSON, ESQ. | Other Service Provider | $52,000 | — | $52,000 |
| MORGAN STANLEY GRAYSTONE | Recordkeeper | $50,457 | — | $50,457 |
| STEPHANIE BAPTISTA | Recordkeeper | $47,545 | — | $47,545 |
| NATALIE GRACA | Recordkeeper | $46,903 | — | $46,903 |
| CRYSTAL MILLAN | Recordkeeper | $46,730 | — | $46,730 |
| MARIA VIEIRA | Recordkeeper | $44,076 | — | $44,076 |
| STEPHANIE S DIAS | Recordkeeper | $42,835 | — | $42,835 |
| SUSANIN, WIDMAN & BRENNAN, PC | Other Service Provider | $33,579 | $7,590 | $41,169 |
| ASHLEY CAETANO | Recordkeeper | $40,762 | — | $40,762 |
| MANNING & NAPIER ADVISORS LLC | Recordkeeper | $40,171 | — | $40,171 |
| AMANDA M HIBBS | Recordkeeper | $39,358 | — | $39,358 |
| CAROL A MARINHA | Recordkeeper | $37,509 | — | $37,509 |
| KAITLYN L FERREIRA | Recordkeeper | $36,690 | — | $36,690 |
| DIANE GLANCEY | Recordkeeper | $35,882 | — | $35,882 |
| RAQUEL GRIFFITH | Recordkeeper | $33,993 | — | $33,993 |
| THE BANK OF NY MELLON | Other Service Provider | $29,576 | — | $29,576 |
| LUCINDA DESOUSA | Recordkeeper | $24,005 | — | $24,005 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BEVERLY CEASER — Recordkeeper
- THOMAS COTOV — Recordkeeper
- VINCENT P RICCARDI — Recordkeeper
- CHARLES FERNS — Recordkeeper
- RUSSELL A BLEY — Recordkeeper
- ROBERT CALAMARI — Recordkeeper
- BRUNO C GRACA — Recordkeeper
- NICHOLAS BUNERO — Recordkeeper
- CARLOS DEOLIVEIRA — Recordkeeper
- GLENN KENYON — Recordkeeper
- SUSIE LOPES — Recordkeeper
- THERESA CALAMARI — Recordkeeper
- MARTA VIEIRA — Recordkeeper
- AMY M HIBBS — Recordkeeper
- ELENA B SOARES — Recordkeeper
- MARK A GRIFFITH — Recordkeeper
- FRANCISCA PEGO — Recordkeeper
- VINCENT CHIARIELLO — Recordkeeper
- MICHAEL GIAMMARINO — Recordkeeper
- SHARON A SILLEN — Recordkeeper
- CLAUDIA CAETANO — Recordkeeper
- MARIA A AHEDO — Recordkeeper
- MONICA J CACOILO — Recordkeeper
- SANDRA OLIVEIRA — Recordkeeper
- SCHULTHEIS & PANETTIERI LLP — Auditor
- JENNIFER TEIXEIRA — Recordkeeper
- MARGARIDA M PEREIRA — Recordkeeper
- NATALIA FERREIRA — Recordkeeper
- DANIELLE GAMMON — Recordkeeper
- ULLICO — Recordkeeper
- CYNTHIA PARKER — Recordkeeper
- RUI P TEIXEIRA — Recordkeeper
- SUSAN R TANZ — Recordkeeper
- RACHELLE CHIARIELLO — Recordkeeper
- MORGAN STANLEY GRAYSTONE — Recordkeeper
- STEPHANIE BAPTISTA — Recordkeeper
- NATALIE GRACA — Recordkeeper
- CRYSTAL MILLAN — Recordkeeper
- MARIA VIEIRA — Recordkeeper
- STEPHANIE S DIAS — Recordkeeper
- ASHLEY CAETANO — Recordkeeper
- MANNING & NAPIER ADVISORS LLC — Recordkeeper
- AMANDA M HIBBS — Recordkeeper
- CAROL A MARINHA — Recordkeeper
- KAITLYN L FERREIRA — Recordkeeper
- DIANE GLANCEY — Recordkeeper
- RAQUEL GRIFFITH — Recordkeeper
- LUCINDA DESOUSA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,294,420
- Estimated Expense Ratio: 2.485% 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 | $7,216,389 | $489,528 | — | $79,000 | — |
| 2023 | $5,777,810 | $547,117 | — | $76,650 | — |
| 2022 | $5,604,271 | $485,733 | — | — | $570,857 |