Plan Snapshot
- Plan Sponsor: Board Of Trustees The Topping Out Fund Of The Iw Locals 40, 361 & 417
- Sponsor EIN: 133156507
- Sponsor Address: 451 PARK AVENUE SOUTH, NEW YORK, NY, 10016
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,909
- Total Assets: $322.1M
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 | 1,909 | $322.1M | $40.7M | $0 |
| 2023 | 2,046 | $306.5M | $41.6M | $0 |
| 2022 | 3,447 | $290.6M | $45.9M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $203,704 | — | $203,704 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $163,276 | — | $163,276 |
| MANNING & NAPIER ADVISORS LLC | Other Service Provider | $140,362 | — | $140,362 |
| INSIGHT NORTH AMERICA LLC | Other Service Provider | $106,824 | — | $106,824 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $70,700 | — | $70,700 |
| BNY MELLON | Other Service Provider | $22,097 | — | $22,097 |
| COLLERAN, O'HARA & MILLS L.L.P | ERISA Attorney | $14,212 | — | $14,212 |
| AMALGAMATED BANK | Other Service Provider | $13,329 | — | $13,329 |
| STEVEN N DAVI PLLC | Other Service Provider | $10,925 | — | $10,925 |
| GRASSI & CO CPA'S PC | Auditor | $9,353 | — | $9,353 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
- SCHULTHEIS & PANETTIERI, LLP — Auditor
- GRASSI & CO CPA'S PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $754,782
- Estimated Expense Ratio: 0.234% 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 | $1,433,641 | $716,677 | — | $80,053 | — |
| 2023 | $1,363,889 | $450,729 | — | $68,130 | — |
| 2022 | $1,146,035 | $482,649 | — | — | $131,859 |