Plan Snapshot
- Plan Sponsor: Board Of Trustees, Smw Local Union No. 25 Nj Annuity Fund
- Sponsor EIN: 222586286
- Sponsor Address: 440 BARELL AVENUE, CARLSTADT, NJ, 07072
- Plan Type: DC
- Total Participants: 378
- Total Assets: $157.8M
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 | 378 | $157.8M | $5.7M | $0 |
| 2023 | 410 | $148.8M | $6.5M | $0 |
| 2022 | 411 | $137.3M | $5.9M | $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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSUR CO OF AMERICA | NONE | $77,927 | $394,451 | $472,378 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | NONE | $73,351 | — | $73,351 |
| REYNOLDS CONSULTING | NONE | $42,400 | — | $42,400 |
| KARLEEN O NEILL | EMPLOYEE | $40,423 | — | $40,423 |
| MANFRE CPA P.C. | NONE | $39,696 | — | $39,696 |
| VIRGINIA OLSEN | EMPLOYEE | $35,712 | — | $35,712 |
| CLEARY, JOSEM & TRIGIANI LLP | NONE | $11,475 | — | $11,475 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $715,435
- Estimated Expense Ratio: 0.453% 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 | $764,388 | $115,751 | $472,378 | $40,825 | — |
| 2023 | $756,785 | $120,477 | $416,687 | $37,233 | — |
| 2022 | $742,385 | $120,542 | $446,454 | — | $62,398 |