Plan Snapshot
- Plan Sponsor: Metro - Ila Fringe Benefit Fund
- Sponsor EIN: 133050863
- Sponsor Address: 301 ROUTE 17 NORTH, 7TH FLOOR, RUTHERFORD, NJ, 070702575
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,012
- Total Assets: $81.6M
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 | 1,012 | $81.6M | $50.9M | $0 |
| 2023 | 1,006 | $73.3M | $48.4M | $0 |
| 2022 | 964 | $69.5M | $51.3M | $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 |
|---|---|---|---|---|
| GEORGE BUENO | Other Service Provider | $80,560 | — | $80,560 |
| MORGAN STANLEY WEALTH MGMT | Recordkeeper | $67,330 | — | $67,330 |
| DOREEN PECORA | Other Service Provider | $63,055 | — | $63,055 |
| SAGE ADVISORY SERVICES LTD CO | Other Service Provider | $61,113 | — | $61,113 |
| WEAVER AND TIDWELL, LLP | Auditor | $48,000 | — | $48,000 |
| SAVASTA AND COMPANY, INC. | Actuary | $45,000 | — | $45,000 |
| GAETANO MARRA | Other Service Provider | $40,039 | — | $40,039 |
| JORDAN BESS | Other Service Provider | $36,621 | — | $36,621 |
| MANNING & NAPIER ADVISORS, LLC | Investment Advisor | $36,396 | — | $36,396 |
| ANDREW CROSS | Other Service Provider | $35,565 | — | $35,565 |
| ANDREW L. MONTELEONE, ESQ | Other Service Provider | $30,000 | — | $30,000 |
| MARIALAINA CAMPISI | Other Service Provider | $28,467 | — | $28,467 |
| TRACEY BIONDI | Other Service Provider | $27,785 | — | $27,785 |
| FANIELA GONZALEZ | Other Service Provider | $27,398 | — | $27,398 |
| JEROME BRANCATO | Other Service Provider | $26,259 | — | $26,259 |
| MEDICUS IT LLC | Investment Advisor | $22,563 | — | $22,563 |
| FIRST STATE TRUST COMPANY | Custodian / Trustee | $16,425 | — | $16,425 |
| ROBERT H. BOGUCKI, P.C. | ERISA Attorney | $8,415 | — | $8,415 |
| GIBLIN & LYNCH LLC | ERISA Attorney | $7,905 | — | $7,905 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY WEALTH MGMT — Recordkeeper
- WEAVER AND TIDWELL, LLP — Auditor
- MANNING & NAPIER ADVISORS, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $708,896
- Estimated Expense Ratio: 0.869% 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 | $1,051,218 | $164,838 | — | $48,000 | — |
| 2023 | $1,021,080 | $132,151 | — | $48,000 | — |
| 2022 | $968,654 | $145,214 | — | — | $206,984 |