Plan Snapshot
- Plan Sponsor: Walter M Matthews & John M Sheehan Local 46 Metal Lathers Scholarship
- Sponsor EIN: 132889748
- Sponsor Address: 61-02 32ND AVENUE, WOODSIDE, NY, 11377
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 682
- Total Assets: $2.0M
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 | 682 | $2.0M | $360,536 | $0 |
| 2023 | 846 | $1.9M | $390,621 | $0 |
| 2022 | 1,012 | $1.7M | $426,762 | $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 |
|---|---|---|---|---|
| FITZSIMMONS ABRAMS, LLP | Auditor | $8,118 | — | $8,118 |
| CALIBRE CPA GROUP PLLC | Auditor | $8,000 | — | $8,000 |
| PROSKAUER ROSE LLP | Other Service Provider | $5,433 | — | $5,433 |
| REYNOLDS CONSULTING, LLC | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FITZSIMMONS ABRAMS, LLP — Auditor
- 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: $26,551
- Estimated Expense Ratio: 1.298% 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 | $54,976 | $5,000 | $3,744 | $8,000 | — |
| 2023 | $55,535 | $5,000 | $4,109 | $8,000 | — |
| 2022 | $46,055 | $5,011 | — | — | $19,645 |