Plan Snapshot
- Plan Sponsor: Local 6559 Pension Fund
- Sponsor EIN: 136608700
- Sponsor Address: 18 SECATOAG AVENUE, PORT WASHINGTON, NY, 11050
- Plan Type: DB
- Plan Number: 002
- Total Participants: 328
- Total Assets: $14.9M
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 | 328 | $14.9M | $719,150 | $0 |
| 2023 | 307 | $14.0M | $671,021 | $0 |
| 2022 | 278 | $12.8M | $590,291 | $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 |
|---|---|---|---|---|
| NINA BELLINI | Other Service Provider | $181,079 | — | $181,079 |
| BARNES, IACCARINO & SHEPERD LLP | Other Service Provider | $52,170 | — | $52,170 |
| MILLIMAN | Recordkeeper | $41,700 | — | $41,700 |
| EISNERAMPER LLP | Auditor | $17,969 | — | $17,969 |
| SYNTONIC SYSTEMS, INC. | Other Service Provider | $8,050 | — | $8,050 |
| HBK CPAS & CONSULTANTS | Other Service Provider | $6,500 | — | $6,500 |
| PENSION BENEFIT INFORMATION LLC | Other Service Provider | $5,214 | — | $5,214 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- EISNERAMPER LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $312,682
- Estimated Expense Ratio: 2.103% 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 | $555,735 | $127,495 | — | $24,469 | — |
| 2023 | $554,992 | $117,138 | — | $30,674 | — |
| 2022 | $482,912 | $99,808 | — | — | $110,374 |