Plan Snapshot
- Plan Sponsor: Local 1158 Welfare Plan Fund
- Sponsor EIN: 227051778
- Sponsor Address: 1149 BLOOMFIELD AVENUE, CLIFTON, NJ, 07012
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,901
- Total Assets: $8.1M
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 | 3,901 | $8.1M | $2.9M | $0 |
| 2023 | 3,801 | $6.7M | $2.8M | $0 |
| 2022 | 3,808 | $5.4M | $4.6M | $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 |
|---|---|---|---|---|
| JOSEPH P. CALABRO | Recordkeeper | $241,614 | — | $241,614 |
| GEORGE SERIO | Other Service Provider | $215,589 | — | $215,589 |
| MICHAEL TORTORELLI | Other Service Provider | $91,883 | — | $91,883 |
| CHRISTINE FAWCETT | Other Service Provider | $89,190 | — | $89,190 |
| DONNA CERNIGLIA | Other Service Provider | $82,592 | — | $82,592 |
| ROSENBERG RICH BAKER BERMAN | Auditor | $63,000 | — | $63,000 |
| SANDRA JIMEMEZ | Other Service Provider | $60,525 | — | $60,525 |
| CARELLA BYRNE | ERISA Attorney | $58,530 | — | $58,530 |
| CELESTE CALABRO | Other Service Provider | $56,071 | — | $56,071 |
| ANDREA BURGESS | Other Service Provider | $49,583 | — | $49,583 |
| ANTHONY PINADELLA | Other Service Provider | $46,200 | — | $46,200 |
| MORGAN STANLEY SMITH BARNEY | Investment Advisor | $13,969 | — | $13,969 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ROSENBERG RICH BAKER BERMAN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,068,746
- Estimated Expense Ratio: 13.115% 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 | $1,409,208 | $13,969 | — | — | — |
| 2023 | $1,447,538 | $11,140 | — | — | — |
| 2022 | $1,272,868 | $11,780 | — | — | $197,632 |