# Local 360 401(K) And Severance Plan DC Plan
Source: https://planprovider.pro/companies/local-360-401-k-and-severance-plan-plan

> Local 360 401(K) And Severance Plan&#39;s DC plan: 1,641 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

- [MORGAN LEWIS & BOCKIUS LLP](https://planprovider.pro/provider/meyer-unkovic-and-scott-llp) — NONE

- [BARATZ & ASSOCIATES, P.A.](https://planprovider.pro/provider/baratz-and-associates-pa) — NONE

- [MERRILL LYNCH LIFE AGENCY](https://planprovider.pro/provider/merrill-lynch) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/local-360-401-k-and-severance-plan-plan)

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