Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Bac Local 23 North Shore Chapter
- Sponsor EIN: 621523674
- Sponsor Address: 9525 SWEET VALLEY DRIVE, VALLEY VIEW, OH, 44125
- Plan Type: DB
- Plan Number: 001
- Total Participants: 558
- Total Assets: $111.9M
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 | 558 | $111.9M | $5.5M | $0 |
| 2023 | 535 | $105.5M | $5.4M | $0 |
| 2022 | 537 | $98.5M | $5.7M | $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 |
|---|---|---|---|---|
| SEGAL MARCO ADVISORS | Other Service Provider | $133,131 | — | $133,131 |
| HORIZON ACTURIAL SERVICES, LLC | Other Service Provider | $59,825 | — | $59,825 |
| GROSVENOR CAPITAL MANAGEMENT L.P. | Other Service Provider | $49,656 | — | $49,656 |
| AMERICAN REALTY ADVISOR | Other Service Provider | $45,058 | — | $45,058 |
| WESTPORT CAPITAL PARTNERS LLC | Other Service Provider | $42,545 | — | $42,545 |
| MESIROW FINANCIAL, INC | Investment Advisor | $38,465 | — | $38,465 |
| LAUREL NIELSON | Other Service Provider | $36,006 | — | $36,006 |
| THE UNION LABOR LIFE INSURANCE | Recordkeeper | $34,760 | — | $34,760 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $34,145 | — | $34,145 |
| DGPERRY, PLLC | Auditor | $34,033 | — | $34,033 |
| FAULKNER, HOFFMAN & PHILLIPS, LLP | Other Service Provider | $33,823 | — | $33,823 |
| ERICA KAWCZYNSKI | Other Service Provider | $33,172 | — | $33,172 |
| DENNIS RAHE | Other Service Provider | $30,197 | — | $30,197 |
| CITCO FUND SERVICE B.V | Other Service Provider | $27,040 | — | $27,040 |
| BENESYS | Other Service Provider | $26,295 | — | $26,295 |
| CHARLES SCHWAB TRUST | Recordkeeper | $16,238 | — | $16,238 |
| NEWTOWER TRUST COMPANY | Other Service Provider | $13,784 | — | $13,784 |
| FIFTH THIRD | Other Service Provider | $12,686 | — | $12,686 |
| BRICKLAYERS ALLIED CRAFTWORKERS | Other Service Provider | $10,100 | — | $10,100 |
| CHEVY CHASE TRUST COMPANY | Other Service Provider | $7,174 | — | $7,174 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MESIROW FINANCIAL, INC — Investment Advisor
- THE UNION LABOR LIFE INSURANCE — Recordkeeper
- DGPERRY, PLLC — Auditor
- CHARLES SCHWAB TRUST — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $718,133
- Estimated Expense Ratio: 0.642% 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 | $787,660 | $412,796 | — | $34,715 | — |
| 2023 | $733,566 | $406,593 | — | $30,015 | — |
| 2022 | $775,023 | $431,123 | — | — | $142,940 |