Plan Snapshot
- Plan Sponsor: Local No. 863 Welfare Plan
- Sponsor EIN: 221478216
- Sponsor Address: 209 SUMMIT ROAD, MOUNTAINSIDE, NJ, 07092
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,130
- Total Assets: $23.9M
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 | 3,130 | $23.9M | $46.8M | $121,432 |
| 2023 | 2,940 | $26.8M | $45.9M | $102,668 |
| 2022 | 2,858 | $24.4M | $45.9M | $115,277 |
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 |
|---|---|---|---|---|
| KATHRYN ZIZZA | Other Service Provider | $150,540 | — | $150,540 |
| HEALTH CARE ADMIN | Other Service Provider | $146,806 | — | $146,806 |
| BEDERSON LLP | Auditor | $88,724 | — | $88,724 |
| STATEWIDE HEALTH DATA SYSTEMS | Other Service Provider | $87,171 | — | $87,171 |
| JANNEY MONTGOMERY SCOTT LLC | Investment Advisor | $83,118 | — | $83,118 |
| ANNA ROMANO | Other Service Provider | $71,020 | — | $71,020 |
| ROSA VIGARIO | Other Service Provider | $70,720 | — | $70,720 |
| DONNA CLADER | Other Service Provider | $62,307 | — | $62,307 |
| ANNA PANNELLA | Other Service Provider | $58,331 | — | $58,331 |
| THE SEGAL COMPANY | Actuary | $57,761 | — | $57,761 |
| KENNETH NOWAK, ESQ. | ERISA Attorney | $27,000 | — | $27,000 |
| ZAZZALI ET AL | ERISA Attorney | $19,200 | — | $19,200 |
| LORI DIBENEDETTO | Other Service Provider | $13,886 | — | $13,886 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BEDERSON LLP — Auditor
- JANNEY MONTGOMERY SCOTT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $936,584
- Estimated Expense Ratio: 3.924% 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 | $4,294,387 | $83,118 | — | $88,724 | — |
| 2023 | $4,352,794 | $62,189 | — | $90,795 | — |
| 2022 | $3,967,680 | $77,618 | — | — | $148,479 |