Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 475 Pension Plan
- Sponsor EIN: 132571151
- Sponsor Address: 629 FIFTH AVENUE, PELHAM, NY, 10803
- Plan Type: DB
- Plan Number: 002
- Total Participants: 1,438
- Total Assets: $95.5M
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 | 1,438 | $95.5M | $0 | $0 |
| 2024 | 314 | $88.2M | $1.2M | $0 |
| 2023 | 333 | $83.0M | $1.1M | $0 |
| 2022 | 305 | $78.3M | $950,716 | $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 |
|---|---|---|---|---|
| CERES PARTNERS LLC | Custodian / Trustee | $162,990 | — | $162,990 |
| CARRET ASSET MANAGEMENT | Investment Advisor | $94,319 | — | $94,319 |
| PETER VAUPEL | Recordkeeper | $71,959 | — | $71,959 |
| BASIL CASTROVINCI ASSOCIATES, INC | Actuary | $54,041 | — | $54,041 |
| RREEF AMERICA REIT II, INC. | Custodian / Trustee | $52,793 | — | $52,793 |
| DAHAB ASSOCIATES, INC. | Investment Advisor | $50,350 | — | $50,350 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $34,412 | — | $34,412 |
| BARNES, IACCARINO & SHEPHERD LLP | ERISA Attorney | $31,415 | — | $31,415 |
| LYNDA SCHULOK | Other Service Provider | $27,721 | — | $27,721 |
| JOHNSON INSTITUTIONAL MANAGEMENT | Investment Advisor | $23,460 | — | $23,460 |
| WILMINGTON TRUST | Custodian / Trustee | $23,370 | — | $23,370 |
| UBS FARMLAND INVESTORS LLC | Custodian / Trustee | $15,429 | — | $15,429 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $642,259
- Estimated Expense Ratio: 0.672% 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 | $7,169,924 | $168,129 | — | $34,412 | — |
| 2024 | $888,959 | $158,453 | — | $32,813 | — |
| 2023 | $983,015 | $182,145 | — | $31,500 | — |
| 2022 | $1,070,222 | $547,743 | — | — | $116,613 |