Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 338 Annuity Fund
- Sponsor EIN: 271596066
- Sponsor Address: 1505 KELLUM PLACE, MINEOLA, NY, 115014811
- Plan Type: DC
- Total Participants: 5,275
- Total Assets: $61.0M
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 | 5,275 | $61.0M | $8.3M | $0 |
| 2023 | 6,724 | $49.2M | $8.9M | $0 |
| 2022 | 6,065 | $38.0M | $6.8M | $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 |
|---|---|---|---|---|
| RWDSU/UFCW LOCAL 338 | AFFILIATE UNION | $257,104 | — | $257,104 |
| WRIGHT INVESTORS SERVICE INC | NONE | $122,278 | — | $122,278 |
| THE SEGAL COMPANY | NONE | $34,479 | — | $34,479 |
| FRIEDMAN & ANSPACH | NONE | $28,456 | — | $28,456 |
| REYNOLDS CONSULTING SERVICES LLC | NONE | $10,000 | — | $10,000 |
| NOVAK FRANCELLA LLC | NONE | $8,500 | — | $8,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $460,817
- Estimated Expense Ratio: 0.756% 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 | $804,946 | $99,184 | — | $8,500 | — |
| 2023 | $628,293 | $79,007 | — | $8,500 | — |
| 2022 | $488,783 | $63,337 | — | — | $41,550 |