Plan Snapshot
- Plan Sponsor: Board Of Trustees Local Union 102 Jt Apprenticeship Training Cmte
- Sponsor EIN: 222520875
- Sponsor Address: 50 PARSIPPANY ROAD, PARSIPPANY, NJ, 07054
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 1,568
- Total Assets: $7.4M
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 | 1,568 | $7.4M | $2.8M | $0 |
| 2023 | 1,073 | $7.1M | $2.9M | $0 |
| 2022 | 1,094 | $7.3M | $2.9M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $45,408 | — | $45,408 |
| NOVAK FRANCELLA, LLC | Other Service Provider | $17,500 | — | $17,500 |
| LINDABURY, MCCORMICK, ESTABROOK, ET | Other Service Provider | $8,000 | — | $8,000 |
| ORANSKY SCARRAGGI & BORG PC | Other Service Provider | $8,000 | — | $8,000 |
| GERSON & ASSOC, CPAS & ADVISORS PC | Other Service Provider | $6,132 | — | $6,132 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $85,040
- Estimated Expense Ratio: 1.150% 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 | $358,406 | $45,408 | — | $25,250 | — |
| 2023 | $355,179 | $41,280 | — | $25,250 | — |
| 2022 | $332,663 | $41,386 | — | — | $30,686 |