Plan Snapshot
- Plan Sponsor: Board Of Trustees Laborers Local 785 Defined Contribution Plan
- Sponsor EIN: 161605797
- Sponsor Address: 622 W. STATE STREET, ITHACA, NY, 148503333
- Plan Type: DC
- Total Participants: 781
- Total Assets: $40.6M
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 | 781 | $40.6M | $3.5M | $0 |
| 2023 | 544 | $36.2M | $3.1M | $0 |
| 2022 | 566 | $32.0M | $3.3M | $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 |
|---|---|---|---|---|
| CORNELL POCHILY INVESTMENT ADVISORS | NONE | $198,969 | — | $198,969 |
| LOCAL 785 PENSION FUND | AFFILIATED FUND | $29,785 | — | $29,785 |
| BONADIO & CO., LLP | NONE | $25,938 | — | $25,938 |
| LOCAL 785 BUILDING CORPORATION | RELATED PARTY | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $262,192
- Estimated Expense Ratio: 0.646% 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 | $343,341 | $198,969 | — | $25,938 | — |
| 2023 | $348,091 | $190,099 | — | $17,935 | — |
| 2022 | $377,120 | $228,276 | — | — | $38,767 |