Plan Snapshot
- Plan Sponsor: Local 670 Pension Fund
- Sponsor EIN: 136567359
- Sponsor Address: 299 BROADWAY, NEW YORK, NY, 10007
- Plan Type: DB
- Total Participants: 1,275
- Total Assets: $84.0M
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 | 1,275 | $84.0M | $4.0M | $0 |
| 2023 | 1,313 | $77.5M | $4.1M | $0 |
| 2022 | 1,402 | $69.8M | $4.1M | $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 |
|---|---|---|---|---|
| AMALGAMATED BANK | Other Service Provider | $142,436 | — | $142,436 |
| KATHERINE VELAZQUEZ | Other Service Provider | $100,549 | — | $100,549 |
| BASIL CASTROVINCI | Other Service Provider | $61,922 | — | $61,922 |
| ROTHMAN ROCCO AND LARUFFA | Other Service Provider | $49,764 | — | $49,764 |
| MARIA ORTIZ | Other Service Provider | $48,998 | — | $48,998 |
| CASTIGLIA, LLP | Other Service Provider | $48,618 | — | $48,618 |
| LORRAINE DIXON | Other Service Provider | $45,203 | — | $45,203 |
| IRIS CONDE | Other Service Provider | $44,966 | — | $44,966 |
| MOVITA STONE | Other Service Provider | $38,398 | — | $38,398 |
| KENNY ROJAS | Other Service Provider | $30,920 | — | $30,920 |
| MARINER | Other Service Provider | $27,400 | — | $27,400 |
| BRADLEY & PARKER INC | Other Service Provider | $18,309 | — | $18,309 |
| SYNTONIC SYSTEMS, INC. | Other Service Provider | $10,400 | — | $10,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $667,883
- Estimated Expense Ratio: 0.795% 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 | $680,657 | $161,974 | — | $36,456 | — |
| 2023 | $755,460 | $197,977 | — | $36,456 | — |
| 2022 | $733,157 | $192,396 | — | — | $164,747 |