Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 456 Pension Fund
- Sponsor EIN: 136123973
- Sponsor Address: 160 SOUTH CENTRAL AVENUE, ELMSFORD, NY, 105233509
- Plan Type: DB
- Total Participants: 868
- Total Assets: $265.9M
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 | 868 | $265.9M | $8.2M | $0 |
| 2023 | 914 | $241.3M | $8.8M | $0 |
| 2022 | 983 | $219.4M | $9.1M | $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 CONSULTANT | $250,250 | — | $250,250 |
| CLEARBRIDGE INVESTMENTS, LLC | INVESTMENT MANAGER | $206,250 | — | $206,250 |
| LORD ABBETT & CO. LLC | INVESTMENT MANAGER | $158,140 | — | $158,140 |
| GLOBAL TRUST COMPANY | INVESTMENT MANAGER | $140,347 | — | $140,347 |
| BLITMAN & KING LLP | LEGAL | $134,025 | — | $134,025 |
| BLACKROCK C/O THE CHRYS GROUP AT ML | INVESTMENT MANAGER | $109,507 | — | $109,507 |
| JP MORGAN | INVESTMENT MANAGER | $89,871 | — | $89,871 |
| BOLTON PARTNERS NORTHEAST, INC. | ACTUARY | $81,100 | — | $81,100 |
| VINCENT FEDELE | EMPLOYEE | $76,969 | — | $76,969 |
| M&T BANK INST'L RETIREMENT SERVICES | INVESTMENT CUSTODIAN | $62,904 | — | $62,904 |
| CITRIN COOPERMAN & COMPANY, LLP | ACCOUNTANT | $45,790 | — | $45,790 |
| BRENDA GALEA-RITCH | PLAN ADMINISTRATOR | $36,498 | — | $36,498 |
| VERONICA CLEANING CORP. | OTHER SERVICES | $33,221 | — | $33,221 |
| COHEN & STEERS | INVESTMENT MANAGER | $32,178 | — | $32,178 |
| CITRIN COOPERMAN ADVISORS LLC | ACCOUNTANT | $28,436 | — | $28,436 |
| TPA CORPORATION | COMPUTER CONSULTANT | $20,405 | — | $20,405 |
| LORD ABBETT C/O THE CHRYS GROUP | INVESTMENT MANAGER | $19,509 | — | $19,509 |
| HESS TECHNOLOGY CONSULTING, INC. | COMPUTER CONSULTANT | $7,985 | — | $7,985 |
| FRANCIS COLASUONNO | OTHER SERVICES | $7,700 | — | $7,700 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — INVESTMENT CONSULTANT
- M&T BANK INST'L RETIREMENT SERVICES — INVESTMENT CUSTODIAN
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,541,085
- Estimated Expense Ratio: 0.580% 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 | $2,717,906 | $865,705 | — | $56,871 | — |
| 2023 | $2,120,263 | $767,136 | — | $56,416 | — |
| 2022 | $1,968,606 | $713,577 | — | — | $322,887 |