# Board Of Trustees Ufcw Local 342 Savings And 401(K) 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-ufcw-local-342-savings-and-401-k-plan

> Board Of Trustees Ufcw Local 342 Savings And 401(K)'s 401(k) plan: 9,446 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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