Plan Snapshot
- Plan Sponsor: Board Of Trustees U.F.C.W. Local 1500 Pension Fund
- Sponsor EIN: 237176372
- Sponsor Address: 425 MERRICK AVENUE, WESTBURY, NY, 115906601
- Plan Type: DB
- Total Participants: 3,314
- Total Assets: $947.4M
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 | 3,314 | $947.4M | $14.4M | $0 |
| 2023 | 3,749 | $880.2M | $13.8M | $0 |
| 2022 | 3,752 | $817.2M | $41.6M | $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 |
|---|---|---|---|---|
| SEI INVESTMENT MANAGEMENT COMPANY | Other Service Provider | $2,394,938 | — | $2,394,938 |
| UFCW LOCAL 1500 | Other Service Provider | $781,271 | — | $781,271 |
| ARIA EMPLOYEE BENEFIT SERVICES INC | Other Service Provider | $363,900 | — | $363,900 |
| ASSOCIATED ADMINISTRATORS LLC | Other Service Provider | $95,793 | — | $95,793 |
| THE SEGAL COMPANY | Other Service Provider | $88,847 | — | $88,847 |
| UFCW LOCAL 1500 BUILDING, INC | Other Service Provider | $86,300 | — | $86,300 |
| PARAGON CONSULTING SERVICES INC | Other Service Provider | $60,332 | — | $60,332 |
| ARCHER, BYINGTON, GLENNON & LEVINE | Other Service Provider | $58,059 | — | $58,059 |
| CITRIN COOPERMAN & COMPANY LLP | Other Service Provider | $41,413 | — | $41,413 |
| MODERN ADMIN | Other Service Provider | $35,057 | — | $35,057 |
| PAPER & INK GRAPHICS LLC | Other Service Provider | $25,902 | — | $25,902 |
| AJV LLC | Other Service Provider | $8,126 | — | $8,126 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,039,938
- Estimated Expense Ratio: 0.426% 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 | $5,399,878 | $2,394,938 | $95,793 | $46,011 | — |
| 2023 | $4,898,322 | $2,136,434 | $93,003 | $41,800 | — |
| 2022 | $4,759,453 | $1,943,766 | $92,114 | — | $635,957 |