Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 553 Pension Fund
- Sponsor EIN: 136637826
- Sponsor Address: 265 WEST 14TH STREET, NEW YORK, NY, 100117173
- Plan Type: DB
- Total Participants: 307
- Total Assets: $253.1M
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 | 307 | $253.1M | $5.5M | $0 |
| 2023 | 324 | $252.0M | $5.2M | $0 |
| 2022 | 341 | $248.0M | $5.8M | $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 |
|---|---|---|---|---|
| FRIEDMAN AND ANSPACH | ERISA Attorney | $366,693 | — | $366,693 |
| JP MORGAN CHASE BANK, N.A. | Recordkeeper | $256,079 | — | $256,079 |
| THE SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $133,869 | — | $133,869 |
| SIEZERT CAPITAL PARTNERS | Other Service Provider | $125,229 | — | $125,229 |
| KATIA A. PETTINATO | Other Service Provider | $123,929 | — | $123,929 |
| CALIBRE CPA GROUP, PLLC | Auditor | $105,757 | — | $105,757 |
| PROSKAUER ROSE LLP | ERISA Attorney | $100,000 | — | $100,000 |
| NELLI BRAGINSKAYA | Other Service Provider | $80,338 | — | $80,338 |
| RAJPATTIE SANKAR | Other Service Provider | $80,338 | — | $80,338 |
| SEGAL MARCO ADVISORS | Other Service Provider | $70,000 | — | $70,000 |
| US BANK, NA | Recordkeeper | $69,146 | — | $69,146 |
| INVESCO NATIONAL TRUST COMPANY | Other Service Provider | $55,611 | — | $55,611 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $55,373 | — | $55,373 |
| ELENA SHTABEL | Other Service Provider | $42,623 | — | $42,623 |
| BENESYS INC. | Other Service Provider | $32,000 | — | $32,000 |
| MR. MICROCHIP SOFTWARE CENTER, INC. | Other Service Provider | $31,136 | — | $31,136 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $14,423 | — | $14,423 |
| SEGAL SELECT INSURANCE SERVICES | Other Service Provider | — | $8,709 | $8,709 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN CHASE BANK, N.A. — Recordkeeper
- CALIBRE CPA GROUP, PLLC — Auditor
- PROSKAUER ROSE LLP — ERISA Attorney
- US BANK, NA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,751,253
- Estimated Expense Ratio: 0.692% 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 | $2,050,961 | $576,714 | — | $62,321 | — |
| 2023 | $2,252,837 | $625,395 | — | $81,329 | — |
| 2022 | $1,979,325 | $756,080 | — | — | $519,547 |