Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 351 Pension Fund
- Sponsor EIN: 223417366
- Sponsor Address: 830 BEAR TAVERN ROAD, WEST TRENTON, NJ, 08628
- Plan Type: DB
- Total Participants: 1,581
- Total Assets: $542.2M
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 | 1,581 | $542.2M | $23.5M | $0 |
| 2023 | 1,949 | $503.3M | $23.6M | $0 |
| 2022 | 2,003 | $450.3M | $22.3M | $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 |
|---|---|---|---|---|
| PATRIOT FINANCIAL PARTNERS, L.P. | Other Service Provider | $850,484 | — | $850,484 |
| EAGLE CAPITAL MANAGEMENT | Investment Advisor | $791,978 | — | $791,978 |
| GCM GROSVENOR | Other Service Provider | $585,775 | — | $585,775 |
| POLEN CAPITAL | Other Service Provider | $471,135 | — | $471,135 |
| QUANTUM CAPITAL MANAGEMENT | Other Service Provider | $431,564 | — | $431,564 |
| I.E. SHAFFER & CO | Other Service Provider | $332,277 | — | $332,277 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | $300,000 | — | $300,000 |
| CONSTITUTION CAPITAL PARTNERS, LLC | Other Service Provider | $227,632 | — | $227,632 |
| ASB REAL ESTATE INVESTMENT | Other Service Provider | $157,003 | — | $157,003 |
| GARCIA HAMILTON | Other Service Provider | $128,395 | — | $128,395 |
| JP MORGAN | Other Service Provider | $73,818 | — | $73,818 |
| DAHAB AND ASSOC. | Other Service Provider | $68,000 | — | $68,000 |
| GERSON & ASSOC CPAS AND ADVISORS PC | Other Service Provider | $58,500 | — | $58,500 |
| EMPOWER ANNUITY INSURANCE CO | Other Service Provider | $52,100 | — | $52,100 |
| OBRIEN BELLAND & BUSHINSKY | Other Service Provider | $43,481 | — | $43,481 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $30,100 | — | $30,100 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $25,730 | — | $25,730 |
| CONSTITUTION CAPITAL FUND ADMIN | Other Service Provider | — | $17,983 | $17,983 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EAGLE CAPITAL MANAGEMENT — Investment Advisor
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,645,955
- Estimated Expense Ratio: 0.857% 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 | $4,809,529 | $4,158,436 | $332,277 | $84,230 | — |
| 2023 | $4,443,073 | $3,754,289 | $321,825 | $80,037 | — |
| 2022 | $4,599,402 | $3,930,937 | $299,174 | — | $216,058 |