Plan Snapshot
- Plan Sponsor: Board Of Trustees Metro Ila Pension Fund
- Sponsor EIN: 131939129
- Sponsor Address: 301 ROUTE 17 NORTH, 7TH FLOOR, RUTHERFORD, NJ, 070702575
- Plan Type: DB
- Total Participants: 1,032
- Total Assets: $366.4M
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 | 1,032 | $366.4M | $16.9M | $0 |
| 2023 | 1,020 | $343.8M | $16.2M | $0 |
| 2022 | 990 | $313.7M | $21.8M | $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 |
|---|---|---|---|---|
| MSPC CERTIFIED PUBLIC ACCOUNTANTS & | Auditor | $52,500 | — | $52,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS & — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,500
- Estimated Expense Ratio: 0.014% 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 | $2,353,580 | $1,270,110 | — | $52,500 | — |
| 2023 | $2,075,183 | $1,139,992 | — | $52,000 | — |
| 2022 | $2,038,966 | $1,120,930 | — | — | $248,802 |