Plan Snapshot
- Plan Sponsor: Board Of Trustees S.M.A.R.T. Workers Local 137 Annuity Fund
- Sponsor EIN: 132866830
- Sponsor Address: 50-02 5TH STREET, SUITE A, LONG ISLAND CITY, NY, 11101
- Plan Type: DC
- Plan Number: 002
- Total Participants: 401
- Total Assets: $87.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 401 | $87.2M | $0 | $0 |
| 2024 | 285 | $82.0M | $2.6M | $332,309 |
| 2023 | 283 | $74.6M | $2.7M | $307,548 |
| 2022 | 285 | $67.2M | $2.8M | $267,946 |
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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $45,750 | — | $45,750 |
| REYNOLDS CONSULTING SERVICES, LLC | Other Service Provider | $36,741 | — | $36,741 |
| COLLERAN, O'HARA & MILLS LLP | ERISA Attorney | $20,203 | — | $20,203 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,694
- Estimated Expense Ratio: 0.118% 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 |
|---|---|---|---|---|---|
| 2025 | $7,686,525 | $36,741 | — | $45,750 | — |
| 2024 | $269,168 | $36,750 | — | $45,000 | — |
| 2023 | $276,787 | $36,750 | — | $44,000 | — |
| 2022 | $254,879 | $36,751 | — | — | $62,247 |