Plan Snapshot
- Plan Sponsor: Board Of Trustees - Recycling And Gen. Ind. Union L 108 Welfare Fund
- Sponsor EIN: 135605495
- Sponsor Address: 485 ROUTE 1, ISELIN, NJ, 08830
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,122
- Total Assets: $3.3M
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 | 1,122 | $3.3M | $17.1M | $2.4M |
| 2023 | 1,026 | $4.0M | $14.7M | $2.0M |
| 2022 | 1,028 | $4.1M | $14.3M | $1.7M |
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 |
|---|---|---|---|---|
| THE SEGAL CO (EASTERN STATES), INC. | Other Service Provider | $78,569 | — | $78,569 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $75,312 | — | $75,312 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $75,148 | — | $75,148 |
| COHEN, WEISS AND SIMON LLP | Other Service Provider | $55,018 | — | $55,018 |
| TPA CORPORATION | Other Service Provider | $39,000 | — | $39,000 |
| D.D. SERVICES, INC. | Other Service Provider | $34,535 | — | $34,535 |
| RONALD BERGAMINI | Custodian / Trustee | $7,500 | — | $7,500 |
| AMALGAMATED BANK | Other Service Provider | $6,712 | — | $6,712 |
| SEGAL SELECT INSURANCE SVCS, INC. | Other Service Provider | — | $6,252 | $6,252 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $378,046
- Estimated Expense Ratio: 11.607% 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 | $650,953 | — | — | $47,500 | — |
| 2023 | $846,701 | — | — | $46,000 | — |
| 2022 | $769,366 | — | — | — | $241,378 |