Plan Snapshot
- Plan Sponsor: Trustees Of Local No. 41 Pension Plan
- Sponsor EIN: 160851799
- Sponsor Address: 3546 CALIFORNIA ROAD, ORCHARD PARK, NY, 141271746
- Plan Type: DB
- Plan Number: 001
- Total Participants: 675
- Total Assets: $285.0M
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 | 675 | $285.0M | $12.1M | $0 |
| 2023 | 628 | $262.5M | $11.1M | $0 |
| 2022 | 594 | $249.0M | $10.7M | $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 |
|---|---|---|---|---|
| MANNING & NAPIER | Other Service Provider | $953,115 | — | $953,115 |
| LOCAL NO. 41 IBEW HEALTH FUND | Other Service Provider | $137,943 | — | $137,943 |
| ULLICO INVESTMENT ADVISORS | Other Service Provider | $109,159 | — | $109,159 |
| SEGAL MARCO ADVISORS | Other Service Provider | $75,750 | — | $75,750 |
| NATIONAL REAL ESTATE ADVISORS, LLC | Other Service Provider | $71,718 | — | $71,718 |
| WILMINGTON TRUST, NA | Other Service Provider | $69,871 | — | $69,871 |
| O'SULLIVAN & ASSOCIATES | Other Service Provider | $51,093 | — | $51,093 |
| ARCARA, LENDA, EUSANIO & STACEY CPA | Other Service Provider | $37,214 | — | $37,214 |
| BLITMAN & KING LLP | Other Service Provider | $34,275 | — | $34,275 |
| ASB ALLEGIANCE REAL ESTATE FUND | Other Service Provider | $30,150 | — | $30,150 |
| M&T BANK CORPORATION | Other Service Provider | $14,393 | — | $14,393 |
| JBM COMPUTER CONSULTANTS | Other Service Provider | $12,397 | — | $12,397 |
| NETRIO | Other Service Provider | $6,979 | — | $6,979 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,604,057
- Estimated Expense Ratio: 0.563% 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 | $1,588,755 | $1,024,832 | — | $37,214 | — |
| 2023 | $1,441,147 | $935,956 | — | $36,082 | — |
| 2022 | $1,611,439 | $1,194,482 | — | — | $209,886 |