Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Local 2066
- Sponsor EIN: 226171510
- Sponsor Address: 50 PARSIPPANY ROAD, PARSIPPANY, NJ, 07054
- Plan Type: DB
- Plan Number: 001
- Total Participants: 192
- Total Assets: $3.6M
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 | 192 | $3.6M | $0 | $0 |
| 2023 | 205 | $3.6M | $0 | $0 |
| 2022 | 223 | $3.7M | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $22,253 | — | $22,253 |
| GERSON & ASSOC. CPAS AND ADVISORS | Other Service Provider | $19,000 | — | $19,000 |
| FABIAN & BYRN LLC | Other Service Provider | $18,613 | — | $18,613 |
| SUMMIT ACTUARIAL SERVICES LLC | Other Service Provider | $7,000 | — | $7,000 |
| ORANSKY, SCARAGGI, BORG ESQ | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,866
- Estimated Expense Ratio: 2.020% 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 | $92,296 | $22,253 | $18,613 | $19,000 | — |
| 2023 | $68,325 | — | $17,328 | $19,000 | — |
| 2022 | $71,941 | $19,202 | $15,000 | — | $21,000 |