Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Painting Industry Annuity Fund
- Sponsor EIN: 516049898
- Sponsor Address: 45 WEST 14TH STREET, NEW YORK, NY, 100117419
- Plan Type: DC
- Total Participants: 5,406
- Total Assets: $884.1M
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 | 5,406 | $884.1M | $54.0M | $0 |
| 2023 | 5,414 | $812.2M | $52.2M | $0 |
| 2022 | 5,509 | $745.0M | $47.9M | $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 |
|---|---|---|---|---|
| PAINTING INDUSTRY INSURANCE FUND | Other Service Provider | $1,884,220 | — | $1,884,220 |
| CRESCENT CAPITAL GROUP LP | Other Service Provider | — | $320,789 | $320,789 |
| HIGHLAND CAPITAL MANAGEMENT LLC | Other Service Provider | $317,173 | — | $317,173 |
| ULLICO INVESTMENT ADVISORS INC | Other Service Provider | $297,125 | — | $297,125 |
| INTERCONTINENTAL REAL ESTATE CORPOR | Other Service Provider | $230,816 | — | $230,816 |
| MACKAY SHIELDS LLC | Recordkeeper | $126,223 | — | $126,223 |
| SIGULER GUFF & COMPANY LP | Other Service Provider | — | $122,325 | $122,325 |
| VIDALIA BONILLA | Other Service Provider | — | $122,066 | $122,066 |
| MARSHALL & MOSS PAYROLL COMPLIANCE | Other Service Provider | — | $120,023 | $120,023 |
| ARISTOTLE CAPITAL BOSTON LLC | Other Service Provider | $101,972 | — | $101,972 |
| SINAYA GREENIDGE | Other Service Provider | — | $92,160 | $92,160 |
| FOUNDRY PARTNERS, LLC | Other Service Provider | $80,025 | $10,121 | $90,146 |
| MCMORGAN & COMPANY LLC | Other Service Provider | $89,369 | — | $89,369 |
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $76,080 | — | $76,080 |
| KEVIN MCMENOMY | Other Service Provider | — | $74,591 | $74,591 |
| VOYA INVESTMENT TRUST COMPANY | Other Service Provider | $73,444 | — | $73,444 |
| AURELIA CIOCOI | Other Service Provider | — | $68,643 | $68,643 |
| LOOMIS SAYLES TRUST COMPANY | Other Service Provider | $63,910 | — | $63,910 |
| EATON VANCE INVESTMENT MANAGERS | Other Service Provider | $61,143 | — | $61,143 |
| NEW YORK LIFE INSURANCE COMPANY | Recordkeeper | $57,715 | — | $57,715 |
| REYNOLDS CONSULTING SERVICES LLC | Other Service Provider | $55,973 | — | $55,973 |
| HAMILTON LANE ADVISORS, LLC | Other Service Provider | — | $52,844 | $52,844 |
| AMALGAMATED BANK | Other Service Provider | $51,891 | — | $51,891 |
| WILMINGTON TRUST, NA | Other Service Provider | $45,017 | — | $45,017 |
| NOVAK FRANCELLA LLC | Auditor | $41,550 | — | $41,550 |
| SALVATORE SAVARESE | Other Service Provider | — | $39,659 | $39,659 |
| PROSKAUER ROSE LLP | ERISA Attorney | $36,854 | — | $36,854 |
| MARSHALL & MOSS LLP | Other Service Provider | — | $35,000 | $35,000 |
| STEVEN SALZMAN | Other Service Provider | — | $30,891 | $30,891 |
| BARNES, IACCARINO, & SHEPHERD, PLLC | Other Service Provider | $22,500 | $6,969 | $29,469 |
| THE SEGAL COMPANY | Other Service Provider | $24,400 | — | $24,400 |
| NEWTON INVESTMENT MANAGEMENT | Other Service Provider | $23,307 | — | $23,307 |
| FIFTH THIRD WEALTH ADVISORS LLC | Other Service Provider | $17,193 | — | $17,193 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $15,547 | — | $15,547 |
| UNI PRINTING SOLUTIONS LLC | Other Service Provider | $14,023 | — | $14,023 |
| HARDMAN JOHNSTON ASSET MANAGEMENT | Other Service Provider | $9,963 | — | $9,963 |
| PRINCIPAL GLOBAL INVESTOR LLC | Other Service Provider | $8,239 | — | $8,239 |
| METROPOLITAN TEMPORARIES | Other Service Provider | — | $5,875 | $5,875 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MACKAY SHIELDS LLC — Recordkeeper
- NEW YORK LIFE INSURANCE COMPANY — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
- PROSKAUER ROSE LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,927,628
- Estimated Expense Ratio: 0.557% 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 | $3,057,526 | $1,778,701 | — | $41,550 | — |
| 2023 | $3,677,116 | $2,310,693 | — | $40,830 | — |
| 2022 | $3,363,632 | $2,158,955 | — | — | $277,385 |