Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 522 Pension Fund
- Sponsor EIN: 116171611
- Sponsor Address: 2137 UTICA AVENUE, BROOKLYN, NY, 112343827
- Plan Type: DB
- Plan Number: 001
- Total Participants: 846
- Total Assets: $123.0M
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 | 846 | $123.0M | $3.7M | $0 |
| 2023 | 844 | $108.4M | $3.4M | $0 |
| 2022 | 846 | $100.4M | $3.3M | $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 |
|---|---|---|---|---|
| UNITED TEAMSTER FUND | Other Service Provider | $162,879 | — | $162,879 |
| EAGLE CAPITAL MANAGEMENT | Investment Advisor | $129,082 | — | $129,082 |
| CALIBRE CPA GROUP, LLP | Auditor | $53,904 | — | $53,904 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $48,296 | — | $48,296 |
| MORGAN STANLEY SMITH BARNEY, LLC | Other Service Provider | $40,000 | — | $40,000 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $37,227 | — | $37,227 |
| AUTOMATIC DATA PROCESSING | Other Service Provider | $31,649 | — | $31,649 |
| FIRST ACTUARIAL CONSULTING, LLC | Other Service Provider | $30,000 | — | $30,000 |
| INTERCONTINENTAL REAL ESTATE CORP. | Other Service Provider | $28,197 | — | $28,197 |
| PBI RESEARCH SERVICES | Other Service Provider | $19,950 | — | $19,950 |
| CARY KANE, PLLC | ERISA Attorney | $19,848 | — | $19,848 |
| UNION LABOR LIFE INSURANCE COMPANY | Recordkeeper | $14,753 | — | $14,753 |
| PACIFIC INCOME ADVISORS | Other Service Provider | $14,513 | — | $14,513 |
| MAXON ADMINISTRATORS, INC. | Other Service Provider | — | $5,124 | $5,124 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EAGLE CAPITAL MANAGEMENT — Investment Advisor
- CALIBRE CPA GROUP, LLP — Auditor
- UNION LABOR LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $635,422
- Estimated Expense Ratio: 0.516% 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 | $779,517 | $226,669 | $162,879 | $32,650 | — |
| 2023 | $715,712 | $201,902 | $170,458 | $33,449 | — |
| 2022 | $705,938 | $197,221 | $172,981 | — | $129,031 |