Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 8a-28a 401(K)
- Sponsor EIN: 135652917
- Sponsor Address: 36-18 33RD STREET, LONG ISLAND CITY, NY, 111062327
- Plan Type: 401(k)
- Total Participants: 916
- Total Assets: $62.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 916 | $62.2M | $3.0M | $1.2M |
| 2023 | 1,038 | $57.6M | $2.8M | $1.1M |
| 2022 | 1,056 | $53.1M | $2.8M | $1.1M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT SRVCS | Other Service Provider | $317,026 | — | $317,026 |
| CAROLYN SILVA | Other Service Provider | $144,701 | — | $144,701 |
| LOCAL 8A-28A WELFARE FUND | Other Service Provider | $89,852 | — | $89,852 |
| BARNES, IACCARINO & SHEPHERD LLP | Other Service Provider | $54,825 | — | $54,825 |
| NOVAK FRANCELLA LLC | Auditor | $32,350 | — | $32,350 |
| JOSEPH RAMAGLIA | Other Service Provider | $29,697 | — | $29,697 |
| REYNOLDS CONSULTING | Other Service Provider | $28,610 | — | $28,610 |
| PITTA & GIBLIN LLP | Other Service Provider | $24,000 | — | $24,000 |
| MARSHALL & MOSS PAYROLL COMPLIANCE | Other Service Provider | $13,332 | — | $13,332 |
| MARSHALL & MOSS LLP | Other Service Provider | $10,976 | — | $10,976 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $745,369
- Estimated Expense Ratio: 1.198% 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 | $766,973 | — | $241,013 | $32,350 | — |
| 2023 | $452,802 | $77,983 | — | $33,400 | — |
| 2022 | $463,060 | $77,050 | — | — | $154,288 |