Plan Snapshot
- Plan Sponsor: Board Of Trustee Of Local 20408 Pension Fund
- Sponsor EIN: 133078797
- Sponsor Address: 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 07843
- Plan Type: DB
- Total Participants: 132
- Total Assets: $33,699
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 | 132 | $33,699 | $0 | $0 |
| 2023 | 135 | $61,653 | $0 | $0 |
| 2022 | 142 | $4,661 | $0 | $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 |
|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES, INC | NONE | $39,164 | — | $39,164 |
| FITZSIMMONS ABRAMS, LLP | Auditor | $15,126 | — | $15,126 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FITZSIMMONS ABRAMS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $54,290
- Estimated Expense Ratio: 161.103% 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 | $68,014 | — | $24,799 | $15,126 | — |
| 2023 | $59,076 | — | $24,799 | $11,587 | — |
| 2022 | $60,978 | — | $24,799 | — | $25,615 |