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
- Plan Number: 001
- Total Participants: 1,870
- Total Assets: $262.0M
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. |
|---|---|---|---|---|
| 2025 | 1,870 | $262.0M | $0 | $0 |
| 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 | Other Service Provider | $256,855 | — | $256,855 |
| LORD, ABBETT & CO. LLC | Investment Advisor | $207,516 | — | $207,516 |
| CLEARBRIDGE INVESTMENTS, LLC | Investment Advisor | $193,297 | — | $193,297 |
| GLOBAL TRUST COMPANY | Investment Advisor | $140,153 | — | $140,153 |
| BLACKROCK C/O THE CHRYS GROUP AT ML | Investment Advisor | $114,624 | — | $114,624 |
| BLITMAN & KING LLP | ERISA Attorney | $86,432 | — | $86,432 |
| M&T BANK INST'L RETIREMENT SERVICES | Custodian / Trustee | $73,598 | — | $73,598 |
| JP MORGAN | Investment Advisor | $71,135 | — | $71,135 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $60,989 | — | $60,989 |
| BRENDA GALEA-RITCH | Recordkeeper | $40,683 | — | $40,683 |
| COHEN & STEERS | Investment Advisor | $36,355 | — | $36,355 |
| TPA CORPORATION | Other Service Provider | $21,060 | — | $21,060 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $20,076 | — | $20,076 |
| HESS TECHNOLOGY CONSULTING, INC. | Other Service Provider | $5,765 | — | $5,765 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,328,538
- Estimated Expense Ratio: 0.507% 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 |
|---|---|---|---|---|---|
| 2025 | $24,578,628 | $879,782 | — | $40,327 | — |
| 2024 | $1,519,176 | $831,186 | — | $37,310 | — |
| 2023 | $1,421,922 | $816,719 | — | $37,060 | — |
| 2022 | $1,194,607 | $722,664 | — | — | $157,617 |