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
- Plan Number: 001
- Total Participants: 2,219
- Total Assets: $273.9M
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. |
|---|---|---|---|---|
| 2025 | 2,219 | $273.9M | $0 | $0 |
| 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 | Other Service Provider | $266,324 | — | $266,324 |
| CLEARBRIDGE INVESTMENTS, LLC | Investment Advisor | $194,900 | — | $194,900 |
| LORD ABBETT & CO. LLC | Investment Advisor | $184,001 | — | $184,001 |
| GLOBAL TRUST COMPANY | Investment Advisor | $140,153 | — | $140,153 |
| BLITMAN & KING LLP | ERISA Attorney | $129,845 | — | $129,845 |
| BLACKROCK C/O THE CHRYS GROUP AT ML | Investment Advisor | $114,897 | — | $114,897 |
| VINCENT FEDELE | Other Service Provider | $86,156 | — | $86,156 |
| BOLTON PARTNERS NORTHEAST, INC. | Actuary | $84,100 | — | $84,100 |
| JP MORGAN | Investment Advisor | $80,138 | — | $80,138 |
| M&T BANK INST'L RETIREMENT SERVICES | Custodian / Trustee | $75,976 | — | $75,976 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $70,319 | — | $70,319 |
| BRENDA GALEA-RITCH | Recordkeeper | $40,683 | — | $40,683 |
| COHEN & STEERS | Investment Advisor | $36,046 | — | $36,046 |
| VERONICA CLEANING CORP. | Other Service Provider | $32,079 | — | $32,079 |
| LORD ABBETT C/O THE CHRYS GROUP | Investment Advisor | $30,338 | — | $30,338 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $29,581 | — | $29,581 |
| TPA CORPORATION | Other Service Provider | $21,060 | — | $21,060 |
| HESS TECHNOLOGY CONSULTING, INC. | Other Service Provider | $5,765 | — | $5,765 |
| FRANCIS COLASUONNO | Other Service Provider | $5,500 | — | $5,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,627,861
- Estimated Expense Ratio: 0.594% 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 | $19,775,161 | $906,644 | — | $59,162 | — |
| 2024 | $2,717,906 | $865,705 | — | $56,871 | — |
| 2023 | $2,120,263 | $767,136 | — | $56,416 | — |
| 2022 | $1,968,606 | $713,577 | — | — | $322,887 |