Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 1034 Pension Fund
- Sponsor EIN: 136594795
- Sponsor Address: 48-18 VAN DAM STREET, SUITE 201, LONG ISLAND CITY, NY, 111013107
- Plan Type: DB
- Total Participants: 94
- Total Assets: $113.0M
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 | 94 | $113.0M | $1.2M | $0 |
| 2023 | 103 | $63.6M | $1.1M | $0 |
| 2022 | 116 | $63.6M | $1.1M | $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 |
|---|---|---|---|---|
| PROSKAUER ROSE LLP | ERISA Attorney | $167,110 | — | $167,110 |
| O'SULLIVAN ASSOCIATES | Other Service Provider | $52,150 | — | $52,150 |
| DEBORAH DANNER | Other Service Provider | $49,045 | — | $49,045 |
| CALIBRE CPA GROUP PLLC | Auditor | $43,962 | — | $43,962 |
| C AND S CONSULTING | Other Service Provider | $38,400 | — | $38,400 |
| COUNSEL ADVISORS, INC. | Other Service Provider | $38,400 | — | $38,400 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $35,711 | — | $35,711 |
| QUAN-VEST CONSULTANTS | Other Service Provider | $30,000 | — | $30,000 |
| JP MORGAN CHASE BANK | Recordkeeper | $27,701 | — | $27,701 |
| HSSH CONSULTING, LLC | Other Service Provider | $27,072 | — | $27,072 |
| JAMES MOCERINO | Other Service Provider | $25,585 | — | $25,585 |
| TOCQUEVILLE ASSET MANAGEMENT | Other Service Provider | $17,934 | — | $17,934 |
| SKYBRIDGE CAPITAL | Other Service Provider | $15,173 | — | $15,173 |
| LSV ASSET MANAGEMENT | Other Service Provider | $14,815 | — | $14,815 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $6,154 | $6,154 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PROSKAUER ROSE LLP — ERISA Attorney
- CALIBRE CPA GROUP PLLC — Auditor
- JP MORGAN CHASE BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $589,212
- Estimated Expense Ratio: 0.522% 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 | $1,207,218 | $194,062 | — | $43,962 | — |
| 2023 | $1,256,215 | $210,705 | — | $42,910 | — |
| 2022 | $1,236,870 | $304,634 | — | — | $374,624 |