Plan Snapshot
- Plan Sponsor: The Building Industry Electrical Contractors Association, INC.
- Sponsor EIN: 261140509
- Sponsor Address: 1150 PORTION ROAD, SUITE 19, HOLTSVILLE, NY, 11742
- Plan Type: 401(k)
- Plan Number: 502
- Total Participants: 705
- Total Assets: $6.4M
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. |
|---|---|---|---|---|
| 2024 | 705 | $6.4M | $1.1M | $0 |
| 2023 | 670 | $5.9M | $917,542 | $0 |
| 2022 | 789 | $5.6M | $1.1M | $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 |
|---|---|---|---|---|
| PAUL IACCARINO | Other Service Provider | $159,667 | — | $159,667 |
| SLEVIN & HART, P.C. | ERISA Attorney | $114,168 | — | $114,168 |
| TROY LARSON | Other Service Provider | $83,457 | — | $83,457 |
| ALYSSA GENZMANN | Other Service Provider | $78,033 | — | $78,033 |
| DICKINSON GROUP LLC | Other Service Provider | $71,906 | — | $71,906 |
| COSTAROTHBORT CPAS LLC | Other Service Provider | $40,630 | — | $40,630 |
| BARNES, IACCARINO & SHEPHERD LLP | Other Service Provider | $39,100 | — | $39,100 |
| RAMP UP SAFETY CONSULTING | Other Service Provider | $35,260 | — | $35,260 |
| ERIC OLYNIK | Custodian / Trustee | $28,045 | — | $28,045 |
| FRANK RAPPO | Custodian / Trustee | $28,045 | — | $28,045 |
| HOMSEH LOKENAUTH | Other Service Provider | $26,588 | — | $26,588 |
| CSCNA CORP. | Other Service Provider | $24,985 | — | $24,985 |
| PAUL TROPIANO | Other Service Provider | $23,960 | — | $23,960 |
| CALIBRE CPA GROUP PLLC | Auditor | $21,125 | — | $21,125 |
| AXEL NATEL | Other Service Provider | $20,792 | — | $20,792 |
| REYNOLDS CONSULTING SERVICES, LLC | Other Service Provider | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SLEVIN & HART, P.C. — ERISA Attorney
- CALIBRE CPA GROUP PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $803,261
- Estimated Expense Ratio: 12.492% 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 | $879,581 | $13,444 | $71,906 | $21,125 | — |
| 2023 | $812,060 | $12,555 | $79,961 | $20,501 | — |
| 2022 | $1,144,259 | $11,893 | $99,354 | — | $209,978 |