Plan Snapshot
- Plan Sponsor: Smart Local 27 Educational Fund Trustees
- Sponsor EIN: 222568877
- Sponsor Address: PO BOX 847, FARMINGDALE, NJ, 077270847
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 448
- Total Assets: $2.4M
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 | 448 | $2.4M | $0 | $0 |
| 2024 | 463 | $2.1M | $1.1M | $0 |
| 2023 | 435 | $2.1M | $1.1M | $0 |
| 2022 | 423 | $1.8M | $960,227 | $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 |
|---|---|---|---|---|
| JOHN ESPINOS | Other Service Provider | $195,616 | — | $195,616 |
| SMART 27 LOCAL UNION | Other Service Provider | $92,472 | — | $92,472 |
| NICHOLAS STUDENKO | Other Service Provider | $84,742 | — | $84,742 |
| CHRISTOPHER GEORGE | Other Service Provider | $76,756 | — | $76,756 |
| MSPC | Other Service Provider | $33,200 | — | $33,200 |
| O'BRIEN BELLAND & BUSHINSKY | Other Service Provider | $17,958 | — | $17,958 |
| SMART 27 HEALTH & WELFARE FUND | Other Service Provider | $8,524 | — | $8,524 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $509,268
- Estimated Expense Ratio: 21.667% 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 | $1,355,377 | $3,783 | — | $33,200 | — |
| 2024 | $863,786 | $3,614 | — | $32,500 | — |
| 2023 | $851,694 | $3,598 | — | $23,000 | — |
| 2022 | $504,283 | $3,551 | — | — | $49,331 |