Plan Snapshot
- Plan Sponsor: United Association Local 322 Annuity Fund
- Sponsor EIN: 222708962
- Sponsor Address: 534 S. ROUTE 73, HAMMONTON, NJ, 080372401
- Plan Type: DC
- Plan Number: 001
- Total Participants: 2,192
- Total Assets: $148.6M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,192 | $148.6M | $9.3M | $0 |
| 2023 | 2,178 | $139.6M | $8.4M | $0 |
| 2022 | 2,032 | $130.0M | $8.1M | $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 |
|---|---|---|---|---|
| UA LOCAL 322 HEALTH AND WELFARE FD | Recordkeeper | $196,153 | — | $196,153 |
| JOHN SHALOO | Recordkeeper | $76,812 | — | $76,812 |
| NOVAK FRANCELLA LLC | Auditor | $35,350 | — | $35,350 |
| PFM ASSET MANAGEMENT LLC | Other Service Provider | $27,083 | — | $27,083 |
| THE MCKEOGH COMPANY | Other Service Provider | $12,000 | — | $12,000 |
| LINDABURDY,MCCORMICK,ESTABROOK,COOP | Other Service Provider | $10,000 | — | $10,000 |
| O'DONOGHUE & O'DONOGHUE LLP | Other Service Provider | $9,275 | — | $9,275 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UA LOCAL 322 HEALTH AND WELFARE FD — Recordkeeper
- JOHN SHALOO — 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: $366,673
- Estimated Expense Ratio: 0.247% 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 | $331,150 | $27,083 | — | $35,350 | — |
| 2023 | $348,739 | $25,000 | — | $34,500 | — |
| 2022 | $280,672 | $27,083 | — | — | $61,585 |