Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 60 Pension Fund
- Sponsor EIN: 131962287
- Sponsor Address: 140 BROADWAY, HAWTHORNE, NY, 105321149
- Plan Type: DB
- Total Participants: 1,006
- Total Assets: $342.0M
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. |
|---|---|---|---|---|
| 2024 | 1,006 | $342.0M | $19.0M | $0 |
| 2023 | 1,051 | $300.1M | $18.8M | $0 |
| 2022 | 1,128 | $259.5M | $19.5M | $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 |
|---|---|---|---|---|
| ATLANTA SOSNOFF CAPITAL, LLC. | Investment Advisor | $340,350 | — | $340,350 |
| ULLICO INVESTMENT ADVISORS, INC. | Investment Advisor | $242,145 | — | $242,145 |
| TOCQUEVILLE ASSET MANAGEMENT LP | Investment Advisor | $220,523 | — | $220,523 |
| HUDSON EDGE INVESTMENT PARTNERS INC | Investment Advisor | $179,617 | — | $179,617 |
| MERRILL LYNCH | Investment Advisor | $90,000 | — | $90,000 |
| STACEY BRAUN ASSOCIATES, INC. | Investment Advisor | $82,664 | — | $82,664 |
| M&T BANK INST'L RETIREMENT SERVICES | Custodian / Trustee | $74,496 | — | $74,496 |
| BARNES, IACCARINO & SHEPHERD LLP | ERISA Attorney | $62,753 | — | $62,753 |
| MILLIMAN, INC. | Actuary | $58,000 | — | $58,000 |
| COHEN & STEERS C/O MERRILL LYNCH | Investment Advisor | $36,253 | — | $36,253 |
| CHRISTINE COSTA | Recordkeeper | $25,550 | — | $25,550 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $20,210 | — | $20,210 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $17,713 | — | $17,713 |
| TPA CORPORATION | Other Service Provider | $9,450 | — | $9,450 |
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
- MILLIMAN, INC. — Actuary
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,459,724
- Estimated Expense Ratio: 0.427% 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 | $1,668,051 | $949,407 | — | $35,425 | — |
| 2023 | $1,450,152 | $869,407 | — | $32,700 | — |
| 2022 | $1,339,489 | $955,933 | — | — | $168,320 |