Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 298 Pension Fund
- Sponsor EIN: 116049445
- Sponsor Address: 201 WEST VALLEY STREAM BLVD., VALLEY STREAM, NY, 115805538
- Plan Type: DB
- Total Participants: 522
- Total Assets: $27.2M
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 | 522 | $27.2M | $1.2M | $0 |
| 2023 | 526 | $25.2M | $1.5M | $0 |
| 2022 | 283 | $3.4M | $948,779 | $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 |
|---|---|---|---|---|
| ANTHONY MIRANTI | Other Service Provider | $43,448 | — | $43,448 |
| VICTOR LAGRECA | Other Service Provider | $34,110 | — | $34,110 |
| BARNES, IACCARINO, & SHEPHERD LLP | Other Service Provider | $31,120 | — | $31,120 |
| EASTERN STATES JOINT BOARD | Other Service Provider | $29,165 | — | $29,165 |
| QUAN-VEST | Other Service Provider | $26,196 | — | $26,196 |
| DICKINSON GROUP | Other Service Provider | $20,167 | — | $20,167 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $14,342 | — | $14,342 |
| TPA CORPORATION | Other Service Provider | $14,213 | — | $14,213 |
| BUCHBINDER TUNICK & CO LLP | Other Service Provider | $13,250 | — | $13,250 |
| WEAVER AND TIDWELL, LLP | Other Service Provider | $12,500 | — | $12,500 |
| INTERNCONTINENTAL US REAL ESTATE IN | Other Service Provider | $9,553 | — | $9,553 |
| LAWRENCE S. FISCHER, CPA | Other Service Provider | $7,200 | — | $7,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $255,264
- Estimated Expense Ratio: 0.938% 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 | $463,828 | $37,831 | — | $25,750 | — |
| 2023 | $565,308 | $48,318 | — | $21,875 | — |
| 2022 | $166,963 | $15,801 | — | — | $65,440 |