Plan Snapshot
- Plan Sponsor: Local 445 Pension Fund
- Sponsor EIN: 131864489
- Sponsor Address: 15 STONE CASTLE ROAD, ROCK TAVERN, NY, 12575
- Plan Type: DB
- Total Participants: 398
- Total Assets: $143.2M
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 | 398 | $143.2M | $5.6M | $0 |
| 2023 | 361 | $135.5M | $5.9M | $0 |
| 2022 | 429 | $127.1M | $6.1M | $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 |
|---|---|---|---|---|
| MERRILL LYNCH | Investment Advisor | $317,647 | — | $317,647 |
| STACEY BRAUN | Other Service Provider | $223,081 | — | $223,081 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $89,400 | — | $89,400 |
| BANK OF NEW YORK MELLON | Other Service Provider | $79,668 | — | $79,668 |
| BARNES IACCARINO & SHEPHERD LLP | Other Service Provider | $73,173 | — | $73,173 |
| MSPC | Auditor | $68,576 | — | $68,576 |
| STONE CASTLE REALTY | Other Service Provider | $41,170 | — | $41,170 |
| J.A. MARIANO AGENCY | Other Service Provider | $19,409 | — | $19,409 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MERRILL LYNCH — Investment Advisor
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $912,124
- Estimated Expense Ratio: 0.637% 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 | $1,302,259 | $540,728 | — | $68,576 | — |
| 2023 | $1,227,823 | $484,964 | — | $56,976 | — |
| 2022 | $1,280,108 | $601,626 | — | — | $229,891 |