Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Road Carriers Local 707 Pension Fund
- Sponsor EIN: 516106510
- Sponsor Address: 14 FRONT STREET, HEMPSTEAD, NY, 115503602
- Plan Type: DB
- Plan Number: 001
- Total Participants: 133
- Total Assets: $663.5M
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 | 133 | $663.5M | $2.6M | $0 |
| 2023 | 520 | $689.4M | $3.3M | $0 |
| 2022 | 686 | $680.4M | $4.1M | $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 |
|---|---|---|---|---|
| SLC MANAGEMENT, LLC | Other Service Provider | $362,457 | — | $362,457 |
| ROAD CARRIERS LOCAL 707 WELFARE FD | Other Service Provider | $281,282 | — | $281,282 |
| GREAT LAKES ADVISORS | Other Service Provider | $245,943 | — | $245,943 |
| GROOM LAW GROUP, CHARTERED | ERISA Attorney | $239,010 | — | $239,010 |
| PIMCO | Other Service Provider | $163,225 | — | $163,225 |
| LOOMIS SAYLES AND CO., LP | Other Service Provider | $140,186 | — | $140,186 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $114,729 | — | $114,729 |
| BANK OF NEW YORK MELLON | Other Service Provider | $103,427 | — | $103,427 |
| CARY KANE LLP | Other Service Provider | $102,896 | — | $102,896 |
| SAGE FINANCIAL GROUP, LLC | Other Service Provider | $99,454 | — | $99,454 |
| MORGAN LEWIS BOCKIUS | ERISA Attorney | $95,827 | — | $95,827 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $82,493 | — | $82,493 |
| O'SULLIVAN & ASSOCIATES | Other Service Provider | $73,215 | — | $73,215 |
| NOVAK FRANCELLA LLC | Auditor | $55,000 | — | $55,000 |
| PRAGER METIS | Other Service Provider | $54,107 | — | $54,107 |
| VINCENT CORDATO | Other Service Provider | $23,804 | — | $23,804 |
| LOCAL 707, IBT | Other Service Provider | $22,576 | — | $22,576 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $16,817 | — | $16,817 |
| PERFECT PRINTING SOLUTIONS, INC. | Other Service Provider | $11,851 | — | $11,851 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW GROUP, CHARTERED — ERISA Attorney
- MORGAN LEWIS BOCKIUS — ERISA Attorney
- NOVAK FRANCELLA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,288,299
- Estimated Expense Ratio: 0.345% 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 | $2,711,910 | $1,208,486 | — | $55,000 | — |
| 2023 | $1,999,713 | $839,631 | — | $78,000 | — |
| 2022 | $1,677,315 | $365,323 | — | — | $312,145 |