Plan Snapshot
- Plan Sponsor: Local 1102 401(K) Retirement Plan
- Sponsor EIN: 116149563
- Sponsor Address: 311 CROSSWAYS PARK DRIVE, WOODBURY, NY, 117972041
- Plan Type: DC
- Plan Number: 001
- Total Participants: 2,258
- Total Assets: $24.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 2,258 | $24.2M | $0 | $0 |
| 2024 | 1,762 | $21.2M | $1.5M | $736,577 |
| 2023 | 1,550 | $18.8M | $1.5M | $725,600 |
| 2022 | 1,585 | $16.4M | $1.5M | $747,590 |
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 |
|---|---|---|---|---|
| LOCAL 1102 RWDSU | Other Service Provider | $193,371 | — | $193,371 |
| PRINCIPAL LIFE INSURANCE COMPANY | Other Service Provider | $138,613 | — | $138,613 |
| LOCAL 1102 RETIREMENT TRUST | Other Service Provider | $112,203 | — | $112,203 |
| ROTHMAN, ROCCO, LARUFFA, LLP | Other Service Provider | $27,572 | — | $27,572 |
| FIRST ACTUARIAL CONSULTING TEAM | Other Service Provider | $22,500 | — | $22,500 |
| NOVAK FRANCELLA, LLC | Other Service Provider | $19,000 | — | $19,000 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $7,706 | — | $7,706 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $520,965
- Estimated Expense Ratio: 2.149% 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 |
|---|---|---|---|---|---|
| 2025 | $2,277,795 | $4,000 | — | $19,000 | — |
| 2024 | $483,459 | $103,022 | — | $20,639 | — |
| 2023 | $449,074 | $129,074 | — | $19,106 | — |
| 2022 | $423,869 | $129,535 | — | — | $45,438 |