Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 553 Benefits Fund
- Sponsor EIN: 136152244
- Sponsor Address: 265 WEST 14TH STREET, NEW YORK, NY, 10011
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 473
- Total Assets: $110,177
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 | 473 | $110,177 | $67,911 | $0 |
| 2023 | 486 | $89,942 | $70,381 | $0 |
| 2022 | 499 | $77,471 | $42,031 | $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 |
|---|---|---|---|---|
| CALIBRE CPA GROUP PLLC | Auditor | $9,231 | — | $9,231 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,231
- Estimated Expense Ratio: 8.378% 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 | $33,065 | — | — | $9,231 | — |
| 2023 | $41,255 | — | — | $9,205 | — |
| 2022 | $24,949 | — | — | — | $10,782 |