Plan Snapshot
- Plan Sponsor: Ufcw Local 50-627 Severance Pay Fund
- Sponsor EIN: 136415226
- Sponsor Address: 1461 LAKELAND AVE. SUITE 1, BOHEMIA, NY, 11716
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 146
- Total Assets: $496,827
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 | 146 | $496,827 | $15,043 | $0 |
| 2023 | 146 | $489,972 | $16,006 | $0 |
| 2022 | 130 | $487,793 | $13,873 | $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 |
|---|---|---|---|---|
| PROSKAUER ROSE, LLP | ERISA Attorney | $12,088 | — | $12,088 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PROSKAUER ROSE, LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,088
- Estimated Expense Ratio: 2.433% 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 | $23,922 | — | — | $4,400 | — |
| 2023 | $16,589 | — | — | $4,088 | — |
| 2022 | $15,744 | — | — | — | $8,303 |