Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 456 Annuity Fund
- Sponsor EIN: 136889226
- Sponsor Address: 160 SOUTH CENTRAL AVENUE, ELMSFORD, NY, 105233509
- Plan Type: DC
- Total Participants: 1,046
- Total Assets: $254.4M
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 | 1,046 | $254.4M | $12.4M | $0 |
| 2023 | 1,635 | $232.9M | $12.9M | $0 |
| 2022 | 1,619 | $212.3M | $12.5M | $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 |
|---|---|---|---|---|
| MERRILL LYNCH | Investment Advisor | $246,300 | — | $246,300 |
| CLEARBRIDGE INVESTMENTS, LLC | Investment Advisor | $208,496 | — | $208,496 |
| LORD ABBETT & CO. LLC | Investment Advisor | $177,795 | — | $177,795 |
| GLOBAL TRUST COMPANY | Investment Advisor | $140,347 | — | $140,347 |
| BLACKROCK C/O THE CHRYS GROUP AT ML | Investment Advisor | $113,421 | — | $113,421 |
| BLITMAN & KING LLP | ERISA Attorney | $88,273 | — | $88,273 |
| JP MORGAN | Investment Advisor | $64,443 | — | $64,443 |
| M&T BANK INST'L RETIREMENT SERVICES | Custodian / Trustee | $61,923 | — | $61,923 |
| BRENDA GALEA-RITCH | Recordkeeper | $35,808 | — | $35,808 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $35,532 | — | $35,532 |
| COHEN & STEERS | Investment Advisor | $20,731 | — | $20,731 |
| TPA CORPORATION | Other Service Provider | $20,019 | — | $20,019 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $18,805 | — | $18,805 |
| HESS TECHNOLOGY CONSULTING, INC. | Other Service Provider | $7,834 | — | $7,834 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Investment Advisor
- M&T BANK INST'L RETIREMENT SERVICES — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,239,727
- Estimated Expense Ratio: 0.487% 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 | $1,519,176 | $831,186 | — | $37,310 | — |
| 2023 | $1,421,922 | $816,719 | — | $37,060 | — |
| 2022 | $1,194,607 | $722,664 | — | — | $157,617 |