# Local 147 Construction Workers Retirement Plan DB Plan
Source: https://planprovider.pro/companies/local-147-construction-workers-retirement-plan-plan

> Local 147 Construction Workers Retirement Plan's DB plan: 116 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/milliman) — NONE

- [GOULD, KOBRICK & SCHLAPP, P.C.](https://planprovider.pro/provider/gould-kobrick-and-schlapp-pc) — NONE

- [MSPC, CPAS AND ADVISORS, P.C.](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|

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