Plan Snapshot
- Plan Sponsor: Tmt Bac Local Union #7
- Sponsor EIN: 386829765
- Sponsor Address: 1040 AVENUE OF THE AMERICAS,, NEW YORK, NY, 10018
- Plan Type: DC
- Total Participants: 1,191
- Total Assets: $213.8M
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 | 1,191 | $213.8M | $10.2M | $0 |
| 2023 | 1,234 | $196.3M | $9.2M | $0 |
| 2022 | 1,462 | $185.5M | $11.3M | $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 |
|---|---|---|---|---|
| PKF O'CONNOR DAVIES LLP | Auditor | $117,325 | — | $117,325 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PKF O'CONNOR DAVIES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $117,325
- Estimated Expense Ratio: 0.055% 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 | $3,508,816 | $1,861,714 | $258,811 | $117,325 | — |
| 2023 | $2,345,525 | $1,799,103 | $258,665 | $125,000 | — |
| 2022 | $1,936,070 | $1,426,569 | $258,800 | — | $203,075 |