Plan Snapshot
- Plan Sponsor: Board Of Trustees Ufcw Local 342 Savings And 401(K)
- Sponsor EIN: 562364474
- Sponsor Address: 1461 LAKELAND AVE. SUITE 1, BOHEMIA, NY, 117162174
- Plan Type: 401(k)
- Total Participants: 9,446
- Total Assets: $125.0M
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 | 9,446 | $125.0M | $7.5M | $2.0M |
| 2023 | 8,553 | $110.8M | $7.6M | $1.8M |
| 2022 | 8,288 | $93.2M | $6.7M | $1.8M |
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 |
|---|---|---|---|---|
| NOVAK FRANCELLA, LLC | Auditor | $32,990 | — | $32,990 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $32,990
- Estimated Expense Ratio: 0.026% 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 | $1,261,160 | $30,913 | $351,457 | $32,990 | — |
| 2023 | $1,524,673 | $30,996 | $413,687 | $32,990 | — |
| 2022 | $649,356 | $29,275 | $291,274 | — | $56,962 |