Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 298 Annuity Fund
- Sponsor EIN: 116049445
- Sponsor Address: 201 WEST VALLEY STREAM BLVD, VALLEY STREAM, NY, 115805538
- Plan Type: DC
- Total Participants: 2,361
- Total Assets: $15.6M
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 | 2,361 | $15.6M | $1.5M | $2.6M |
| 2023 | 4,000 | $11.7M | $2.2M | $1.7M |
| 2022 | 2,000 | $7.8M | $1.7M | $1.2M |
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 |
|---|---|---|---|---|
| MARSHALL & MOSS LLP | NONE | $58,500 | — | $58,500 |
| NOVAK FRANCELLA, LLC | Auditor | $4,800 | — | $4,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $63,300
- Estimated Expense Ratio: 0.407% 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 | $72,870 | $3,126 | $58,500 | $4,800 | — |
| 2023 | $31,175 | — | — | — | — |
| 2022 | $21,211 | — | — | — | $18,000 |