Plan Snapshot
- Plan Sponsor: The Riverbay Corporation Co-Op City Security Department Pension Plan
- Sponsor EIN: 132571433
- Sponsor Address: 2049 BARTOW AVENUE, BRONX, NY, 10475
- Plan Type: DB
- Plan Number: 002
- Total Participants: 62
- Total Assets: $7.4M
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 | 62 | $7.4M | $1.3M | $0 |
| 2023 | 75 | $7.5M | $1.6M | $0 |
| 2022 | 72 | $6.9M | $953,833 | $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 |
|---|---|---|---|---|
| MORGAN STANLEY SMITH BARNEY | Recordkeeper | $32,034 | — | $32,034 |
| BPAS ACTUARIAL AND PENSION SERVICES | Recordkeeper | $27,975 | — | $27,975 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY — Recordkeeper
- BPAS ACTUARIAL AND PENSION SERVICES — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,009
- Estimated Expense Ratio: 0.815% 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 | $63,389 | $32,757 | — | — | — |
| 2023 | $84,662 | $31,233 | — | — | — |
| 2022 | $56,845 | $31,632 | — | — | $22,938 |