Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Construction Workers Local 147 Annuity Fund
- Sponsor EIN: 133161716
- Sponsor Address: 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 078431524
- Plan Type: DC
- Total Participants: 100
- Total Assets: $23.0M
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 | 100 | $23.0M | $1.6M | $0 |
| 2023 | 102 | $21.5M | $1.1M | $0 |
| 2022 | 76 | $20.3M | $624,306 | $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 |
|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES, INC. | NONE | $54,742 | — | $54,742 |
| MANNING AND RUSSO, LLC | UNION ATTORNEY | $24,000 | — | $24,000 |
| MSPC, CPAS AND ADVISORS, P.C. | UNION AUDITORS | $19,385 | — | $19,385 |
| GOULD, KOBRICK & SCHLAPP, P.C. | NONE | $16,500 | — | $16,500 |
| AMALGAMATED BANK | NONE | $14,751 | — | $14,751 |
| INVESTMENT CONSULTING SERVICES | NONE | $11,040 | — | $11,040 |
| BOYD WATTERSON ASSET MANAGEMENT | NONE | $7,304 | — | $7,304 |
| F/M INVESTMENTS, LLC | NONE | $7,296 | — | $7,296 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC, CPAS AND ADVISORS, P.C. — UNION AUDITORS
- GOULD, KOBRICK & SCHLAPP, P.C. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $155,018
- Estimated Expense Ratio: 0.675% 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 | $163,882 | $25,640 | $54,742 | $35,885 | — |
| 2023 | $144,444 | $42,208 | $51,910 | $18,500 | — |
| 2022 | $153,998 | $54,138 | $50,184 | — | $42,500 |