Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 812 Annuity Fund
- Sponsor EIN: 874819968
- Sponsor Address: 445 NORTHERN BLVD. STE 30, GREAT NECK, NY, 11021
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 2,692
- Total Assets: $50.0M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,692 | $50.0M | $0 | $0 |
| 2024 | 2,173 | $34.3M | $8.9M | $2.2M |
| 2023 | 2,289 | $21.7M | $8.6M | $478,977 |
| 2022 | 2,285 | $10.9M | $10.5M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $152,154 | — | $152,154 |
| MARSHALL & MOSS ADMINISTRATIVE SER | Other Service Provider | $93,865 | — | $93,865 |
| PROSKAUER ROSE, LLP | Other Service Provider | $90,000 | — | $90,000 |
| CARY KANE, LLP | Other Service Provider | $77,500 | — | $77,500 |
| NOVAK FRANCELLA, LLC | Other Service Provider | $36,997 | — | $36,997 |
| QUAN-VEST CONSULTANTS, INC. | Other Service Provider | $13,152 | — | $13,152 |
| JAMES L. GREEN, P.C. | Other Service Provider | $8,000 | — | $8,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $471,668
- Estimated Expense Ratio: 0.944% 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 | $2,692,636 | $111,057 | $54,249 | $20,500 | — |
| 2024 | $434,921 | $66,069 | $78,243 | $18,600 | — |
| 2023 | $472,138 | $34,847 | $128,371 | $28,384 | — |
| 2022 | $150,903 | $3,344 | $44,181 | — | $92,350 |