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)
- Total Participants: 5,278
- Total Assets: $961.3M
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 | 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 | $197,034 | — | $197,034 |
| O'DONOGHUE & O'DONOGHUE LLP | Other Service Provider | $109,430 | — | $109,430 |
| LINDA SCARPA | Other Service Provider | $106,674 | — | $106,674 |
| MARIA FROGIERO | Other Service Provider | $99,135 | — | $99,135 |
| ANAPA TRISTA GEORGE-CUMMINGS | Other Service Provider | $88,003 | — | $88,003 |
| ROSA BERTOLINI | Other Service Provider | $86,783 | — | $86,783 |
| ERICKA SIMPSON | Other Service Provider | $86,623 | — | $86,623 |
| LAURIE KILLIEBREW | Other Service Provider | $83,919 | — | $83,919 |
| DIANA PETRACCIONE | Other Service Provider | $83,301 | — | $83,301 |
| WENDY SALVATIERRA | Other Service Provider | $80,185 | — | $80,185 |
| MALKIA MCLUNE | Other Service Provider | $79,735 | — | $79,735 |
| KATHLEEN SCARPA | Other Service Provider | $74,652 | — | $74,652 |
| WALTER SARACENI | Other Service Provider | $71,175 | — | $71,175 |
| BETSY PADGETT | Other Service Provider | $70,973 | — | $70,973 |
| SAMANTHA TABALA | Other Service Provider | $69,650 | — | $69,650 |
| GLORIA MATERON | Other Service Provider | $69,529 | — | $69,529 |
| VIRGINIA & AMBINDER, LLP | Other Service Provider | $67,884 | — | $67,884 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $62,031 | — | $62,031 |
| MEKETA INVESTMENT GROUP INC | Other Service Provider | $40,000 | — | $40,000 |
| YASMEEN MUSTAFA | Other Service Provider | $33,262 | — | $33,262 |
| PREMIER TECHNOLOGY SOLUTIONS, INC. | Other Service Provider | $32,621 | — | $32,621 |
| NOVAK FRANCELLA, LLC | Auditor | $30,200 | — | $30,200 |
| BNY MELLON | Other Service Provider | $27,438 | — | $27,438 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $24,832 | — | $24,832 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $20,674 | $20,674 |
| KAUFF, MCGUIRE & MARGOLIS, LLP | Other Service Provider | $19,682 | — | $19,682 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,815,425
- Estimated Expense Ratio: 0.189% 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 | $1,656,250 | $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 |