Plan Snapshot
- Plan Sponsor: Smart Local 27 Supplemental Unemployment Fund Trustees
- Sponsor EIN: 223201971
- Sponsor Address: PO BOX 847, FARMINGDALE, NJ, 077270847
- Plan Type: 401(k)
- Plan Number: 504
- Total Participants: 448
- Total Assets: $2.6M
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. |
|---|---|---|---|---|
| 2025 | 448 | $2.6M | $0 | $0 |
| 2024 | 333 | $2.0M | $782,545 | $0 |
| 2023 | 335 | $1.6M | $837,832 | $0 |
| 2022 | 333 | $884,770 | $619,721 | $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 |
|---|---|---|---|---|
| MSPC | Other Service Provider | $33,500 | — | $33,500 |
| CAPTRUST | Other Service Provider | $12,496 | — | $12,496 |
| O'BRIEN,BELLAND & BUSHINSKY LLC | Other Service Provider | $12,308 | — | $12,308 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,304
- Estimated Expense Ratio: 2.216% 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 | $377,745 | $12,496 | — | $33,500 | — |
| 2024 | $113,862 | $11,846 | — | $33,000 | — |
| 2023 | $136,763 | $11,475 | — | $25,500 | — |
| 2022 | $116,483 | $11,417 | — | — | $40,466 |