Plan Snapshot
- Plan Sponsor: Trustees Of Local 522 Welfare Fund - Roofers Division
- Sponsor EIN: 111854964
- Sponsor Address: 2137-2147 UTICA AVENUE, BROOKLYN, NY, 11234
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 135
- Total Assets: $1.4M
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 | 135 | $1.4M | $1.5M | $0 |
| 2023 | 143 | $1.9M | $1.3M | $0 |
| 2022 | 142 | $1.9M | $1.3M | $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 |
|---|---|---|---|---|
| MAGNACARE | Other Service Provider | $71,726 | $522 | $72,248 |
| UNITED TEAMSTER FUND | Other Service Provider | $39,000 | — | $39,000 |
| CALIBRE CPA GROUP PLLC | Auditor | $30,000 | — | $30,000 |
| CHERION, INC. | Other Service Provider | $23,821 | — | $23,821 |
| CARY KANE | Other Service Provider | $19,372 | — | $19,372 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- 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: $184,441
- Estimated Expense Ratio: 13.172% 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 | $152,890 | $5,000 | $39,000 | $20,000 | — |
| 2023 | $148,741 | $5,000 | $39,000 | $20,000 | — |
| 2022 | $166,514 | $6,428 | $13,000 | — | $126,263 |