# Local 6559 Pension Fund DB Plan
Source: https://planprovider.pro/companies/local-6559-pension-fund-136608700-002

> Local 6559 Pension Fund's DB plan: 328 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — Recordkeeper

- [EISNERAMPER LLP](https://planprovider.pro/provider/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|

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