Plan Snapshot
- Plan Sponsor: Local 447 Pension Fund Board Of Trustees
- Sponsor EIN: 136121590
- Sponsor Address: 113 UNIVERSITY PLACE, NEW YORK, NY, 100034527
- Plan Type: DB
- Total Participants: 961
- Total Assets: $1.0M
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 | 961 | $1.0M | $42,602 | $0 |
| 2023 | 971 | $1.0M | $45,764 | $0 |
| 2022 | 995 | $948,856 | $53,370 | $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 |
|---|---|---|---|---|
| GCC-IBT LOCAL 1L | ALLOCATED PAYROLL & EXP | $103,488 | — | $103,488 |
| ROGOFF & CO | NONE | $25,000 | — | $25,000 |
| FIRST ACTUARIAL COSULTANTS | NONE | $8,864 | — | $8,864 |
| COHEN, WEISS & SIMON LLP | LEGAL | $6,630 | — | $6,630 |
| AMALITHONE REALTY | ALLOCATED RENT | $6,363 | — | $6,363 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $150,345
- Estimated Expense Ratio: 14.957% 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 | $222,434 | — | — | $25,000 | — |
| 2023 | $206,892 | — | — | $25,000 | — |
| 2022 | $189,336 | — | — | — | $36,745 |