Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 553 Deferred Compensation Fund
- Sponsor EIN: 132977211
- Sponsor Address: 265 WEST 14TH STREET, NEW YORK, NY, 100117148
- Plan Type: DC
- Total Participants: 323
- Total Assets: $45.6M
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 | 323 | $45.6M | $2.4M | $0 |
| 2023 | 337 | $45.8M | $2.5M | $0 |
| 2022 | 361 | $46.0M | $2.5M | $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 |
|---|---|---|---|---|
| CRESCENT CAPITAL HIGH INCOME FUND | Other Service Provider | $140,537 | — | $140,537 |
| CALIBRE CPA GROUP PLLC | Auditor | $59,156 | — | $59,156 |
| FRIEDMAN AND ANSPACH | ERISA Attorney | $32,140 | — | $32,140 |
| KATHY PETTINATO | Other Service Provider | $27,442 | — | $27,442 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $25,000 | — | $25,000 |
| PROSKAUER ROSE, LLP | Other Service Provider | $12,000 | — | $12,000 |
| US BANK N.A. | Recordkeeper | $7,707 | — | $7,707 |
| SEGAL MARCO ADVISORS | Other Service Provider | $5,000 | — | $5,000 |
| THE SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP PLLC — Auditor
- US BANK N.A. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $313,982
- Estimated Expense Ratio: 0.688% 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 | $430,195 | $178,244 | — | $46,562 | — |
| 2023 | $443,379 | $179,330 | — | $56,850 | — |
| 2022 | $423,545 | $185,476 | — | — | $111,070 |