Plan Snapshot
- Plan Sponsor: Local 147 Construction Workers Retirement Plan
- Sponsor EIN: 136528181
- Sponsor Address: 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 078431524
- Plan Type: DB
- Total Participants: 116
- Total Assets: $180.1M
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 | 116 | $180.1M | $2.3M | $0 |
| 2023 | 89 | $172.3M | $1.5M | $0 |
| 2022 | 65 | $162.4M | $872,525 | $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 |
|---|---|---|---|---|
| MACQUARIE | NONE | $111,146 | — | $111,146 |
| BASIL CASTROVINCI ASSOCIATES | NONE | $97,200 | — | $97,200 |
| INVESTMENT CONSULTING SERVICES, LLC | NONE | $91,757 | — | $91,757 |
| SEIX INVESTMENT ADVISORS LLC | NONE | $81,195 | — | $81,195 |
| MILLIMAN, INC. | NONE | $71,086 | — | $71,086 |
| SLC MANAGEMENT | NONE | $57,171 | — | $57,171 |
| CONGRESS ASSET MANAGEMENT | NONE | $46,747 | — | $46,747 |
| AMALGAMATED BANK | NONE | $29,614 | — | $29,614 |
| GOULD, KOBRICK & SCHLAPP, P.C. | NONE | $25,000 | — | $25,000 |
| MANNING AND RUSSO, LLC | UNION ATTORNEY | $24,000 | — | $24,000 |
| MSPC, CPAS AND ADVISORS, P.C. | UNION AUDITORS | $22,635 | — | $22,635 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — NONE
- GOULD, KOBRICK & SCHLAPP, P.C. — NONE
- MSPC, CPAS AND ADVISORS, P.C. — UNION AUDITORS
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $657,551
- Estimated Expense Ratio: 0.365% 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 | $779,819 | $391,545 | $97,200 | $47,635 | — |
| 2023 | $695,437 | $382,607 | $97,200 | $25,000 | — |
| 2022 | $707,256 | $404,872 | $97,200 | — | $109,000 |