Plan Snapshot
- Plan Sponsor: Local 147 Construction Workers Asb Fund
- Sponsor EIN: 133161717
- Sponsor Address: 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 078431524
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 134
- Total Assets: $12.9M
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 | 134 | $12.9M | $3.2M | $0 |
| 2023 | 101 | $11.9M | $2.0M | $0 |
| 2022 | 75 | $10.8M | $1.2M | $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 |
|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES | Other Service Provider | $86,070 | — | $86,070 |
| MANNING AND RUSSO, LLC | ERISA Attorney | $24,000 | — | $24,000 |
| MSPC, CPAS AND ADVISORS, P.C. | Auditor | $20,885 | — | $20,885 |
| GOULD, KOBRICK & SCHLAPP, P.C. | Auditor | $19,000 | — | $19,000 |
| AMALGAMATED BANK | Other Service Provider | $13,214 | — | $13,214 |
| AGINCOURT CAPITAL MANAGEMENT LLC | Other Service Provider | $9,165 | — | $9,165 |
| INVESTMENT CONSULTING SERVICES, LLC | Other Service Provider | $5,934 | — | $5,934 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC, CPAS AND ADVISORS, P.C. — Auditor
- GOULD, KOBRICK & SCHLAPP, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $178,268
- Estimated Expense Ratio: 1.381% 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 | $185,248 | $15,099 | $86,070 | $39,885 | — |
| 2023 | $161,718 | $27,636 | $84,346 | $20,500 | — |
| 2022 | $159,702 | $28,237 | $82,620 | — | $44,500 |