Plan Snapshot
- Plan Sponsor: Jt. Bd. Of Trustees Of The Unite Here! Local 54
- Sponsor EIN: 222431399
- Sponsor Address: 27 ROLAND AVENUE, SUITE 200, MOUNT LAUREL, NJ, 080541057
- Plan Type: DC
- Total Participants: 6,904
- Total Assets: $41.0M
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 | 6,904 | $41.0M | $827,900 | $0 |
| 2023 | 6,047 | $41.2M | $878,623 | $0 |
| 2022 | 5,731 | $40.9M | $710,328 | $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 |
|---|---|---|---|---|
| FRANK M. VACCARO & ASSOCIATES | Other Service Provider | $286,054 | — | $286,054 |
| INVESTMENT PEFORMANCE SERVICES | Other Service Provider | $60,000 | — | $60,000 |
| NOVAK FRANCELLA LLC | Auditor | $58,133 | — | $58,133 |
| HARDMAN JOHNSTON GLOBAL ADVISORS | Other Service Provider | $38,780 | — | $38,780 |
| CLEARY,JOSEM & TRIGIANI LLP | Other Service Provider | $30,844 | — | $30,844 |
| LAW OFFICES OF BRIAN SULLIVAN | Other Service Provider | $30,000 | — | $30,000 |
| CHEVY CHASE TRUST COMPANY | Other Service Provider | $29,042 | — | $29,042 |
| SIERRA INVESTMENT PARTNERS INC | Other Service Provider | $25,082 | — | $25,082 |
| WASHINGTON CAPITAL MANAGEMENT, INC. | Other Service Provider | $21,556 | — | $21,556 |
| INTERCONTINENTAL REAL ESTATE CORP | Other Service Provider | $19,704 | — | $19,704 |
| SEGALL BRYANT & HAMILL | Other Service Provider | $19,158 | — | $19,158 |
| BANK OF AMERICA, NA | Other Service Provider | $16,884 | — | $16,884 |
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: $635,237
- Estimated Expense Ratio: 1.551% 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 | $696,415 | $213,321 | $286,054 | $50,058 | — |
| 2023 | $637,697 | $197,420 | $263,616 | $20,000 | — |
| 2022 | $688,374 | $217,025 | $300,105 | — | $107,735 |