Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Local 305 Cio Pe
- Sponsor EIN: 132864446
- Sponsor Address: 1505 KELLUM PLACE, MINEOLA, NY, 115014811
- Plan Type: DB
- Total Participants: 2
- Total Assets: $36.9M
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 | 2 | $36.9M | $12,070 | $0 |
| 2023 | 2 | $38.1M | $63,732 | $0 |
| 2022 | 6 | $3.2M | $24,430 | $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 |
|---|---|---|---|---|
| NOVAK FRANCELLA, LLC | Auditor | $25,000 | — | $25,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,000
- Estimated Expense Ratio: 0.068% 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 | $1,059,947 | $77,413 | — | $25,000 | — |
| 2023 | $200,018 | $1,679 | — | $25,000 | — |
| 2022 | $230,995 | $35,477 | — | — | $114,166 |