Plan Snapshot
- Plan Sponsor: Smart Local 27 Annuity Fund Trustees
- Sponsor EIN: 222604860
- Sponsor Address: PO BOX 847, FARMINGDALE, NJ, 077270847
- Plan Type: DC
- Plan Number: 001
- Total Participants: 1,159
- Total Assets: $166.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,159 | $166.1M | $0 | $0 |
| 2024 | 1,061 | $148.2M | $6.5M | $0 |
| 2023 | 1,039 | $139.4M | $6.6M | $0 |
| 2022 | 1,008 | $124.0M | $5.1M | $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 |
|---|---|---|---|---|
| CAPTRUST | Other Service Provider | $30,275 | — | $30,275 |
| MSPC | Other Service Provider | $30,000 | — | $30,000 |
| O'BRIEN BELLAND & BUSHINSKY LLC | Other Service Provider | $14,393 | — | $14,393 |
| SMART 27 HEALTH & WELFARE FUND | Other Service Provider | $5,362 | — | $5,362 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,030
- Estimated Expense Ratio: 0.048% 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 | $7,119,669 | $30,275 | — | $30,000 | — |
| 2024 | $197,715 | — | — | $29,500 | — |
| 2023 | $190,996 | — | — | $27,000 | — |
| 2022 | $220,986 | — | — | — | $78,025 |