Plan Snapshot
- Plan Sponsor: Board Of Trustees Ila Local 1478-2 Pension Fund
- Sponsor EIN: 222318984
- Sponsor Address: 99 MORRIS AVE, SPRINGFIELD, NJ, 070811425
- Plan Type: DB
- Total Participants: 637
- Total Assets: $78.8M
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 | 637 | $78.8M | $7.4M | $0 |
| 2023 | 626 | $69.1M | $7.1M | $0 |
| 2022 | 589 | $58.4M | $6.5M | $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 |
|---|---|---|---|---|
| SEI INVESTMENTS MANAGEMENT COMPANY | Investment Advisor | $300,809 | — | $300,809 |
| ANGELICA ANGELO | Recordkeeper | $100,500 | — | $100,500 |
| MARK CARUSO | Other Service Provider | $100,500 | — | $100,500 |
| CBIZ | Actuary | $69,363 | — | $69,363 |
| DENOIA LAW FIRM | ERISA Attorney | $28,825 | — | $28,825 |
| VICTOR GOLDBLAT AND COMPANY LLC | Other Service Provider | $24,920 | — | $24,920 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $624,917
- Estimated Expense Ratio: 0.793% 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 | $713,173 | — | — | — | — |
| 2023 | $773,001 | $307,091 | — | $45,445 | — |
| 2022 | $681,115 | $262,506 | — | — | $135,110 |