Plan Snapshot
- Plan Sponsor: Building Services Local 2
- Sponsor EIN: 111820127
- Sponsor Address: 82-01 ROCKAWAY BLVD., SUITE 130, OZONE PARK, NY, 114161213
- Plan Type: DC
- Total Participants: 280
- Total Assets: $8.6M
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 | 280 | $8.6M | $366,195 | $342,071 |
| 2023 | 275 | $8.5M | $322,270 | $287,014 |
| 2022 | 287 | $8.1M | $297,346 | $263,590 |
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 |
|---|---|---|---|---|
| LYDIA STUART | Other Service Provider | $150,479 | — | $150,479 |
| NOVAK FRANCELLA LLC | Auditor | $70,055 | — | $70,055 |
| LOCAL 2 WELFARE FUND | Other Service Provider | $56,010 | — | $56,010 |
| RAYMOND JAMES & ASSOCIATES INC | Recordkeeper | $32,870 | — | $32,870 |
| BARNES, ICCARINO, & SHEPHERD LLP | Other Service Provider | $22,500 | — | $22,500 |
| GARY ROTHMAN ESQ. | Other Service Provider | $18,000 | — | $18,000 |
| POLICY RESEARCH GROUP LLC | Other Service Provider | $15,000 | — | $15,000 |
| MINSKY & COTTONE, CPA | Other Service Provider | $13,000 | — | $13,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- RAYMOND JAMES & ASSOCIATES INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $377,914
- Estimated Expense Ratio: 4.381% 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 | $523,807 | $32,870 | $15,000 | $70,055 | — |
| 2023 | $416,750 | $28,988 | $15,410 | $34,100 | — |
| 2022 | $366,715 | $31,146 | $15,000 | — | $79,520 |