Plan Snapshot
- Plan Sponsor: Local 360 401(K) And Severance Plan
- Sponsor EIN: 222450938
- Sponsor Address: 48 STILES LANE, SUITE 204, PINE BROOK, NJ, 07058
- Plan Type: DC
- Total Participants: 1,641
- Total Assets: $11.6M
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: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,641 | $11.6M | $1.3M | $220,746 |
| 2023 | 2,418 | $9.6M | $1.3M | $58,524 |
| 2022 | 1,093 | $8.0M | $1.0M | $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 |
|---|---|---|---|---|
| TRI-STATE ADMINISTRATORS INC | NONE | $107,976 | — | $107,976 |
| TRANSAMERICA LIFE INSURANCE | NONE | $73,144 | — | $73,144 |
| MORGAN LEWIS & BOCKIUS LLP | NONE | $37,850 | — | $37,850 |
| BARATZ & ASSOCIATES, P.A. | NONE | $31,059 | — | $31,059 |
| SPEAR WILDERMAN | NONE | $29,877 | — | $29,877 |
| MERRILL LYNCH LIFE AGENCY | NONE | $22,953 | — | $22,953 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE — NONE
- MORGAN LEWIS & BOCKIUS LLP — NONE
- BARATZ & ASSOCIATES, P.A. — NONE
- MERRILL LYNCH LIFE AGENCY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $302,859
- Estimated Expense Ratio: 2.607% 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 | $287,061 | — | $107,976 | $31,059 | — |
| 2023 | $224,479 | — | $101,748 | $24,900 | — |
| 2022 | $261,058 | $18,132 | $113,333 | — | $117,581 |