Plan Snapshot
- Plan Sponsor: Brooklyn Bureau Of Community Service
- Sponsor EIN: 111630780
- Sponsor Address: 151 LAWRENCE STREET 4TH FLOOR, BROOKLYN, NY, 11201
- Plan Type: 403(b)
- Plan Number: 003
- Total Participants: 259
- Total Assets: $4.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 259 | $4.4M | $40,433 | $383,203 |
| 2023 | 219 | $4.1M | $29,895 | $267,587 |
| 2022 | 697 | $3.6M | $0 | $0 |
| 2021 | 726 | $4.7M | $0 | $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 LIFE & ANNUITY INSURANCE | Recordkeeper | $19,856 | — | $19,856 |
| MORGAN STANLEY INSURANCE SERVICES I | Investment Advisor | — | $7,733 | $7,733 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,589
- Estimated Expense Ratio: 0.624% 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 | $19,856 | — | — | — | — |
| 2023 | $17,477 | — | — | — | — |
| 2022 | $523,337 | — | $17,903 | — | — |
| 2021 | $389,070 | — | $1,991 | — | — |