Plan Snapshot
- Plan Sponsor: Trustees Local 338 Retirement Fund
- Sponsor EIN: 136533678
- Sponsor Address: 1505 KELLUM PLACE, MINEOLA, NY, 115014811
- Plan Type: DB
- Total Participants: 1,749
- Total Assets: $607.0M
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 | 1,749 | $607.0M | $4.9M | $0 |
| 2023 | 1,782 | $588.2M | $4.9M | $0 |
| 2022 | 2,454 | $577.9M | $6.3M | $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 |
|---|---|---|---|---|
| WCM INVESTMENT MANAGEMENT | Other Service Provider | $417,649 | — | $417,649 |
| RWDSU/UFCW LOCAL 338 | Other Service Provider | $417,111 | — | $417,111 |
| ULLICO INVESTMENT ADVISORS INC. | Other Service Provider | $365,358 | — | $365,358 |
| WRIGHT INVESTORS SERVICES LLC | Other Service Provider | $341,398 | — | $341,398 |
| LOCAL 338 HEALTH & WELFARE FUND | Recordkeeper | $329,704 | — | $329,704 |
| FRIEDMAN & ANSPACH | Other Service Provider | $297,504 | — | $297,504 |
| LOOMIS, SAYLES & COMPANY | Other Service Provider | $161,106 | — | $161,106 |
| ANDREW VELLA | Other Service Provider | — | $98,782 | $98,782 |
| REYNOLDS CONSULTING SERVICES LLC | Other Service Provider | $95,000 | — | $95,000 |
| HIGHLAND CAPITAL MANAGEMENT LLC | Other Service Provider | $75,394 | — | $75,394 |
| AMALGAMATED BANK OF NEW YORK | Other Service Provider | $70,866 | — | $70,866 |
| NOVAK FRANCELLA LLC | Auditor | $58,000 | — | $58,000 |
| OLGA ROBERTSON-LOPEZ | Other Service Provider | — | $57,683 | $57,683 |
| THE SEGAL COMPANY | Other Service Provider | $41,179 | — | $41,179 |
| SUMMIT ACTUARIAL SERVICES LLC | Other Service Provider | $40,000 | — | $40,000 |
| HAROLD MITTEL | Other Service Provider | — | $39,430 | $39,430 |
| DSF ADVISORS LLC | Other Service Provider | — | $34,984 | $34,984 |
| COMERICA | Other Service Provider | $31,494 | — | $31,494 |
| HEALTH PLAN SYSTEMS | Other Service Provider | $25,895 | — | $25,895 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $7,450 | — | $7,450 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCAL 338 HEALTH & WELFARE FUND — Recordkeeper
- NOVAK FRANCELLA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,005,987
- Estimated Expense Ratio: 0.495% 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 | $3,641,581 | $1,481,168 | — | $58,000 | — |
| 2023 | $3,599,371 | $1,037,647 | — | $58,000 | — |
| 2022 | $3,977,651 | $1,257,926 | — | — | $389,174 |