Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 282
- Sponsor EIN: 116245313
- Sponsor Address: 2500 MARCUS AVE, LAKE SUCCESS, NY, 110421097
- Plan Type: DB
- Total Participants: 3,000
- Total Assets: $1.4B
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 | 3,000 | $1.4B | $53.5M | $0 |
| 2023 | 3,073 | $1.2B | $50.9M | $0 |
| 2022 | 3,020 | $1.1B | $45.3M | $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 |
|---|---|---|---|---|
| LOCAL 282 WELFARE TRUST FUND | Other Service Provider | $2,127,602 | — | $2,127,602 |
| COLUMBIA MGMT INVEST ADVISERS, LLC | Other Service Provider | $1,109,071 | — | $1,109,071 |
| JPMORGAN CHASE BANK, N.A | Recordkeeper | $810,250 | — | $810,250 |
| NEW TOWER TRUST CO. | Other Service Provider | $418,638 | — | $418,638 |
| STACEY BRAUN | Other Service Provider | $316,026 | — | $316,026 |
| SEGAL COMPANY | Other Service Provider | $275,459 | — | $275,459 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $228,759 | — | $228,759 |
| WASHINGTON CAPITAL MANAGEMENT, INC. | Other Service Provider | $213,365 | — | $213,365 |
| MACKAY SHIELDS | Recordkeeper | $206,073 | — | $206,073 |
| THE UNION LABOR LIFE INSURANCE COMP | Recordkeeper | $157,650 | — | $157,650 |
| WELLINGTON TRUST | Other Service Provider | $152,212 | — | $152,212 |
| ENTRUST GLOBAL PARTNERS OFFSHORE LP | Other Service Provider | $150,706 | — | $150,706 |
| INSIGHT NORTH AMERICA LLC | Other Service Provider | $143,449 | — | $143,449 |
| QUAN-VEST CONSULTANTS | Other Service Provider | $99,996 | — | $99,996 |
| CHEVY CHASE TRUST COMPANY | Other Service Provider | $93,465 | — | $93,465 |
| GOULD, KOBRICK & SCHLAPP, P.C. | Auditor | $84,500 | — | $84,500 |
| M&T BANK | Recordkeeper | $36,304 | — | $36,304 |
| J.P. MORGAN INVESTMENT MANAGEMENT | Recordkeeper | $14,585 | — | $14,585 |
| PRUDENTIAL INSURANCE CO. | Recordkeeper | $10,537 | — | $10,537 |
| COHEN, WEISS & SIMON | Other Service Provider | $9,702 | — | $9,702 |
| PENSION BENEFIT INFORMATION | Other Service Provider | $5,275 | — | $5,275 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JPMORGAN CHASE BANK, N.A — Recordkeeper
- MACKAY SHIELDS — Recordkeeper
- THE UNION LABOR LIFE INSURANCE COMP — Recordkeeper
- GOULD, KOBRICK & SCHLAPP, P.C. — Auditor
- M&T BANK — Recordkeeper
- J.P. MORGAN INVESTMENT MANAGEMENT — Recordkeeper
- PRUDENTIAL INSURANCE CO. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,663,624
- Estimated Expense Ratio: 0.492% 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 | $5,207,936 | $2,039,906 | — | $84,500 | — |
| 2023 | $5,198,125 | $2,147,760 | — | $84,500 | — |
| 2022 | $4,159,109 | $1,784,248 | — | — | $353,436 |