Plan Snapshot
- Plan Sponsor: Local 463 Pension Fund Board Of Trustees
- Sponsor EIN: 111800729
- Sponsor Address: 40 MARCUS DRIVE, STE. 212, MELVILLE, NY, 117474200
- Plan Type: DB
- Total Participants: 177
- Total Assets: $90.6M
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 | 177 | $90.6M | $327,124 | $0 |
| 2023 | 190 | $87.4M | $342,198 | $0 |
| 2022 | 1,164 | $80.1M | $363,265 | $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 |
|---|---|---|---|---|
| CWA IUE-CWA LOCAL 464-81463 | ALLOCATED PR & EXPENSES | $76,059 | — | $76,059 |
| CHEIRON, INC. | ACTUARY | $71,068 | — | $71,068 |
| SEGAL MARCO ADVISORS | INVESTMENT ADVISOR | $69,617 | — | $69,617 |
| JEAN LEWIS | EMPLOYEE | $63,217 | — | $63,217 |
| INNOVATION SOFTWARE SYSTEMS INC | DATA PROCESSING | $48,398 | — | $48,398 |
| ABERDEEN STANDARD INVESTMENT INC. | INVESTMENT CUSTODIAN | $37,583 | — | $37,583 |
| ROGOFF & COMPANY, PC | ACCOUNTANT | $36,186 | — | $36,186 |
| FIDELITY INVESTMENT | INVESTMENT CUSTODIAN | $35,113 | — | $35,113 |
| BARINGS CIT | INVESTMENT ADVISOR | $33,183 | — | $33,183 |
| PIERSON FERDINAND LLP | ATTORNEY | $32,071 | — | $32,071 |
| AMALGAMATED BANK OF NEW YORK | INVESTMENT CUSTODIAN | $26,672 | — | $26,672 |
| AMY IRVING | EMPLOYEE | $15,821 | — | $15,821 |
| JOHN ALBERTI | EMPLOYEE | $12,480 | — | $12,480 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JEAN LEWIS — EMPLOYEE
- PIERSON FERDINAND LLP — ATTORNEY
- AMY IRVING — EMPLOYEE
- JOHN ALBERTI — EMPLOYEE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $557,468
- Estimated Expense Ratio: 0.615% 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 | $666,778 | $69,617 | — | $36,186 | — |
| 2023 | $640,238 | $181,950 | — | $34,000 | — |
| 2022 | $568,263 | $183,898 | — | — | $153,160 |