Plan Snapshot
- Plan Sponsor: Plumbers Local Union No. 1 Employee 401(K) Savings Plan
- Sponsor EIN: 133877439
- Sponsor Address: 50-02 5TH STREET, 2ND FLOOR, LONG ISLAND CITY, NY, 111015706
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 5,887
- Total Assets: $1.1B
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. |
|---|---|---|---|---|
| 2025 | 5,887 | $1.1B | $0 | $0 |
| 2024 | 5,278 | $961.3M | $30.0M | $21.3M |
| 2023 | 4,638 | $873.1M | $30.7M | $21.7M |
| 2022 | 4,724 | $744.2M | $32.1M | $23.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Other Service Provider | $192,681 | — | $192,681 |
| O'DONOGHUE & O'DONOGHUE LLP | Other Service Provider | $150,639 | — | $150,639 |
| WENDY SALVATIERRA | Other Service Provider | $86,851 | — | $86,851 |
| WALTER SARACENI | Other Service Provider | $76,752 | — | $76,752 |
| GLORIA MATERON | Other Service Provider | $74,881 | — | $74,881 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $73,677 | — | $73,677 |
| GARY MONTEMARO | Other Service Provider | $67,371 | — | $67,371 |
| SCHULTHEIS & PANETTIERI LLP | Other Service Provider | $53,046 | — | $53,046 |
| VIRGINIA & AMBINDER, LLP | Other Service Provider | $48,503 | — | $48,503 |
| MEKETA INVESTMENT GROUP INC | Other Service Provider | $40,000 | — | $40,000 |
| KAUFF, MCGUIRE & MARGOLIS, LLP | Other Service Provider | $36,658 | — | $36,658 |
| LINDA SCARPA | Other Service Provider | $30,081 | — | $30,081 |
| MARIA FROGIERO | Other Service Provider | $29,590 | — | $29,590 |
| JENNIFER JACKSON | Other Service Provider | $27,931 | — | $27,931 |
| MALKIA MCLUNE | Other Service Provider | $27,430 | — | $27,430 |
| ANAPA TRISTA GEORGE-CUMMINGS | Other Service Provider | $27,323 | — | $27,323 |
| ROSA BERTOLINI | Other Service Provider | $27,312 | — | $27,312 |
| ERICKA SIMPSON | Other Service Provider | $27,168 | — | $27,168 |
| NOVAK FRANCELLA, LLC | Other Service Provider | $26,353 | — | $26,353 |
| LAURIE KILLIEBREW | Other Service Provider | $25,981 | — | $25,981 |
| DIANA PETRACCIONE | Other Service Provider | $25,929 | — | $25,929 |
| KATHLEEN SCARPA | Other Service Provider | $25,532 | — | $25,532 |
| BNY MELLON | Other Service Provider | $23,041 | — | $23,041 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $8,541 | $8,541 |
| THE BERWYN GROUP | Other Service Provider | $6,430 | — | $6,430 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,239,701
- Estimated Expense Ratio: 0.113% 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 |
|---|---|---|---|---|---|
| 2025 | $75,882,799 | $40,000 | $192,681 | $25,585 | — |
| 2024 | $1,656,250 | $40,000 | $197,034 | $25,247 | — |
| 2023 | $1,525,576 | $40,000 | $204,125 | $24,045 | — |
| 2022 | $1,587,125 | $40,000 | $206,673 | — | $405,709 |