Plan Snapshot
- Plan Sponsor: Trustees Local 147 Construction Workers Welfare Fund
- Sponsor EIN: 136101595
- Sponsor Address: 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 078431524
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 86
- Total Assets: $4.0M
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 | 86 | $4.0M | $3.6M | $119,488 |
| 2023 | 55 | $2.9M | $2.5M | $139,921 |
| 2022 | 37 | $2.2M | $1.6M | $140,984 |
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 |
|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES, INC. | Other Service Provider | $37,500 | — | $37,500 |
| MANNING RUSSO, LLC | ERISA Attorney | $24,000 | — | $24,000 |
| MSPC, CPAS AND ADVISORS, P.C. | Auditor | $15,510 | — | $15,510 |
| GOULD, KOBRICK & SCHLAPP, P.C. | Auditor | $14,000 | — | $14,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC, CPAS AND ADVISORS, P.C. — Auditor
- GOULD, KOBRICK & SCHLAPP, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,010
- Estimated Expense Ratio: 2.259% 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 | $104,025 | — | $37,500 | $29,510 | — |
| 2023 | $89,390 | $484 | $37,500 | $14,000 | — |
| 2022 | $88,756 | $484 | $37,500 | — | $38,000 |