Plan Snapshot
- Plan Sponsor: The Board Of Trustees Of The Food & Beverage Workers Union 23 & Emp. P
- Sponsor EIN: 521806724
- Sponsor Address: P.O. BOX 43170, PHOENIX, AZ, 850803170
- Plan Type: DC
- Total Participants: 3,333
- Total Assets: $49.9M
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 | 3,333 | $49.9M | $4.9M | $0 |
| 2023 | 5,107 | $43.8M | $3.8M | $0 |
| 2022 | 1,680 | $37.2M | $3.2M | $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 |
|---|---|---|---|---|
| WITHUM, SMITH, & BROWN, PC | NONE | $91,098 | — | $91,098 |
| SOUTHWEST SERVICE ADMINISTRATORS | NONE | $84,868 | — | $84,868 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | NONE | $39,000 | — | $39,000 |
| MCCRACKEN STEMERMAN & HOLSBERRY LLC | NONE | $27,834 | — | $27,834 |
| M&T TRUST COMPANY | NONE | $25,899 | — | $25,899 |
| SEGAL SELECT INSURANCE SERVICES INC | NONE | $19,853 | — | $19,853 |
| CARDAY ASSOCIATES, INC. | NONE | $7,578 | — | $7,578 |
| LETTERSTREAM | NONE | $5,904 | — | $5,904 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM, SMITH, & BROWN, PC — NONE
- GALLAGHER FIDUCIARY ADVISORS, LLC — NONE
- M&T TRUST COMPANY — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $302,034
- Estimated Expense Ratio: 0.606% 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 | $338,135 | $58,881 | $80,145 | $90,447 | — |
| 2023 | $209,787 | $55,926 | $40,493 | $47,980 | — |
| 2022 | $226,325 | $55,318 | $38,000 | — | $100,533 |