Plan Snapshot
- Plan Sponsor: Cost Of Living Fund Of Local 274
- Sponsor EIN: 262611534
- Sponsor Address: 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 07843
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 325
- Total Assets: $256,416
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 | 325 | $256,416 | $247,581 | $0 |
| 2023 | 276 | $235,382 | $226,019 | $0 |
| 2022 | 198 | $214,117 | $206,765 | $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 |
|---|---|---|---|---|
| DAVID A. GERSON CPA & ASSOCIATES PC | Other Service Provider | $7,500 | — | $7,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,500
- Estimated Expense Ratio: 2.925% 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 | $14,992 | — | $4,324 | $7,500 | — |
| 2023 | $13,645 | — | $3,389 | $7,000 | — |
| 2022 | $11,838 | — | $3,921 | — | $7,000 |