Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Local 816 Labor And Management Pension Trust Fund
- Sponsor EIN: 131869789
- Sponsor Address: 22 NORTH TYSON AVENUE, 1ST FLOOR, FLORAL PARK, NY, 11001
- Plan Type: DB
- Plan Number: 001
- Total Participants: 566
- Total Assets: $152.7M
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 | 566 | $152.7M | $5.4M | $0 |
| 2023 | 572 | $130.8M | $5.2M | $0 |
| 2022 | 593 | $116.1M | $5.2M | $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 |
|---|---|---|---|---|
| WEDGE CAPITAL MANAGEMENT, LLP | Other Service Provider | $137,263 | — | $137,263 |
| ALLSPRING GLOBAL INVESTMENTS | Other Service Provider | $103,594 | — | $103,594 |
| INVESCO ADVISERS, INC. | Other Service Provider | $85,961 | — | $85,961 |
| AMALGAMATED BANK OF NEW YORK | Other Service Provider | $62,611 | — | $62,611 |
| WEAVER AND TIDWELL, L.L.P. | Auditor | $61,650 | — | $61,650 |
| CARY KANE LLP | Other Service Provider | $52,500 | — | $52,500 |
| FIRST ACTUARIAL CONSULTING, INC. | Other Service Provider | $50,083 | — | $50,083 |
| SEGAL MARCO ADVISORS | Other Service Provider | $40,000 | — | $40,000 |
| NORTHERN TRUST COMPANY | Other Service Provider | $13,707 | — | $13,707 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL, L.L.P. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $607,369
- Estimated Expense Ratio: 0.398% 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 | $784,674 | $443,136 | — | $61,650 | — |
| 2023 | $732,611 | $399,222 | — | $61,430 | — |
| 2022 | $695,332 | $395,903 | — | — | $146,330 |