Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees, Bakery & Confectionery Union & Industry
- Sponsor EIN: 526118572
- Sponsor Address: 10401 CONNECTICUT AVENUE, KENSINGTON, MD, 208953960
- Plan Type: DB
- Total Participants: 14,943
- Total Assets: $6.6B
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 | 14,943 | $6.6B | $157.7M | $0 |
| 2023 | 14,954 | $3.4B | $139.3M | $0 |
| 2022 | 14,666 | $3.7B | $148.6M | $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 |
|---|---|---|---|---|
| SALARIES - MANAGEMENT | EMPLOYEES | $2,368,873 | — | $2,368,873 |
| SALARIES - PENSION | EMPLOYEES | $1,551,854 | — | $1,551,854 |
| LOOMIS SAYLES & COMPANY | NONE | $1,110,222 | — | $1,110,222 |
| SALARIES - ADMINISTRATIVE SERVICES | EMPLOYEES | $1,017,954 | — | $1,017,954 |
| INCOME RESEARCH & MANAGEMENT | NONE | $715,737 | — | $715,737 |
| SEGAL COMPANY | NONE | $585,431 | — | $585,431 |
| MANNING & NAPIER | NONE | $580,990 | — | $580,990 |
| ASB CAPITAL MANAGEMENT | NONE | $562,657 | — | $562,657 |
| PNC BANK NA | NONE | $478,586 | — | $478,586 |
| NISA INVESTMENT ADVISORS, LLC | NONE | $468,441 | — | $468,441 |
| SEGAL MARCO ADVISORS | NONE | $460,625 | — | $460,625 |
| BREDHOFF & KAISER | NONE | $455,355 | — | $455,355 |
| WITHUMSMITH AND BROWN | NONE | $454,229 | — | $454,229 |
| SALARIES - ITS | EMPLOYEES | $404,853 | — | $404,853 |
| WEDGE CAPITAL MANAGEMENT, LLP | NONE | $387,944 | — | $387,944 |
| BOSTON PARTNERS | NONE | $333,899 | — | $333,899 |
| FIRST EAGLE INVESTMENT MANAGEMENT | NONE | $273,185 | — | $273,185 |
| WALTER SCOTT & PARTNERS LIMITED | NONE | $249,871 | — | $249,871 |
| BANK OF NEW YORK MELLON | NONE | $179,331 | — | $179,331 |
| LITTLER MENDELSON | NONE | $168,156 | — | $168,156 |
| PRINCIPAL ASSET MANAGEMENT | NONE | $137,399 | — | $137,399 |
| PARAMETRIC CLIFTON | NONE | $118,629 | — | $118,629 |
| WESTFIELD CAPITAL MANAGEMENT COMPAN | NONE | $116,764 | — | $116,764 |
| PACIFIC INVESTMENT MANAGEMENT COMPA | NONE | $114,084 | — | $114,084 |
| MACQUIRE | NONE | $97,681 | — | $97,681 |
| CONGRESS ASSET MANAGEMENT | NONE | $89,903 | — | $89,903 |
| AMALGAMATED BANK OF NEW YORK | NONE | $84,277 | — | $84,277 |
| ALLIANCE BERNSTEIN | NONE | $82,572 | — | $82,572 |
| MACKAY SHIELDS | NONE | $58,856 | — | $58,856 |
| KELLY PRESS | NONE | $56,172 | — | $56,172 |
| KRAW LAW GROUP, APC | NONE | $27,003 | — | $27,003 |
| DOYLE PRINTING | NONE | $22,855 | — | $22,855 |
| POTOMAC INFORMATION SYSTEMS | NONE | $18,901 | — | $18,901 |
| BNYM MELLON AFL-CIO SL SIF | NONE | $18,439 | — | $18,439 |
| PAYCHEX | NONE | $13,825 | — | $13,825 |
| PENSION BENEFIT INFORMATION | NONE | $12,767 | — | $12,767 |
| GRAMMARLY INC | NONE | $12,045 | — | $12,045 |
| ARCHSCAN LLC | NONE | $11,593 | — | $11,593 |
| GENESIS NETWORKING | NONE | $11,236 | — | $11,236 |
| CMS MAILING SERVICES | NONE | $11,026 | — | $11,026 |
| LEXIS NEXIS | NONE | $8,251 | — | $8,251 |
| ZIX CORP | NONE | $6,669 | — | $6,669 |
| GIARMARCO MULLINS & HORTON, P.C. | NONE | $6,525 | — | $6,525 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BREDHOFF & KAISER — NONE
- WITHUMSMITH AND BROWN — NONE
- PRINCIPAL ASSET MANAGEMENT — NONE
- MACKAY SHIELDS — NONE
- PAYCHEX — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,945,665
- Estimated Expense Ratio: 0.212% 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 | $19,312,816 | $6,319,426 | — | $207,811 | — |
| 2023 | $24,301,657 | $7,996,306 | — | $290,046 | — |
| 2022 | $22,149,302 | $9,378,000 | — | — | $2,863,528 |