Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 381 Pension
- Sponsor EIN: 136119547
- Sponsor Address: 160 MINEOLA BOULEVARD, MINEOLA, NY, 11501
- Plan Type: DB
- Total Participants: 64
- Total Assets: $104.3M
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 | 64 | $104.3M | $55,444 | $0 |
| 2023 | 59 | $104.7M | $53,282 | $0 |
| 2022 | 123 | $107.7M | $87,859 | $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 |
|---|---|---|---|---|
| ATALANTA SOSNOFF CAPITAL, LLC | Other Service Provider | $145,623 | — | $145,623 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $143,531 | — | $143,531 |
| JP MORGAN INVESTMENT MANAGEMENT INC | Recordkeeper | $86,274 | — | $86,274 |
| SEGAL MARCO ADVISORS | Other Service Provider | $65,000 | — | $65,000 |
| MACKAY SHIELDS LLC | Recordkeeper | $49,973 | — | $49,973 |
| SMITH AFFILIATED CAPITAL CORP. | Other Service Provider | $42,289 | — | $42,289 |
| THE SEGAL COMPANY | Other Service Provider | $41,100 | — | $41,100 |
| BARNES IACCARINO & SHEPHERD LLP | ERISA Attorney | $30,750 | — | $30,750 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $29,600 | — | $29,600 |
| BANK OF AMERICA | Other Service Provider | $25,089 | — | $25,089 |
| SAGE ADVISORY SERVICES LTD. CO. | Other Service Provider | $17,346 | — | $17,346 |
| SYNTONIC SYSTEMS INC. | Other Service Provider | $14,700 | — | $14,700 |
| JULI GREY-OWENS | Custodian / Trustee | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN INVESTMENT MANAGEMENT INC — Recordkeeper
- MACKAY SHIELDS LLC — Recordkeeper
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $697,275
- Estimated Expense Ratio: 0.669% 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 | $1,068,109 | $575,125 | — | $29,600 | — |
| 2023 | $1,090,772 | $591,351 | — | $28,700 | — |
| 2022 | $1,189,897 | $665,881 | — | — | $109,713 |