Plan Snapshot
- Plan Sponsor: Amalgamated Meat Cutter & Retail Food Employees
- Sponsor EIN: 111896894
- Sponsor Address: 1461 LAKELAND AVE., SUITE 1, BOHEMIA, NY, 11716
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,098
- Total Assets: $12.8M
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 | 1,098 | $12.8M | $19.0M | $4,477 |
| 2023 | 1,150 | $10.7M | $20.9M | $4,940 |
| 2022 | 1,102 | $8.9M | $21.2M | $19,754 |
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 |
|---|---|---|---|---|
| AMCU & RFSEU LOCAL 342 GROUP LEGAL | Other Service Provider | $616,770 | — | $616,770 |
| MERITAIN HEALTH | Other Service Provider | $416,514 | — | $416,514 |
| PROSKAUER ROSE LLP | Other Service Provider | $214,387 | — | $214,387 |
| UFCW LOCAL 342 UNION | Other Service Provider | $82,000 | — | $82,000 |
| MILLMAN INC. | Recordkeeper | $54,000 | — | $54,000 |
| HEALTHPLEX INC | Other Service Provider | $39,837 | — | $39,837 |
| JOCAR ELITE PROFESSIONALS, LLC | Other Service Provider | — | $21,574 | $21,574 |
| NOVAK FRANCELLA LLC | Auditor | $20,812 | — | $20,812 |
| EMMIDIO UNGARO | Other Service Provider | — | $20,004 | $20,004 |
| SOLARUS TECHNOLOGIES | Other Service Provider | $13,189 | — | $13,189 |
| RONALD STEVENS,MD | Other Service Provider | $7,200 | — | $7,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLMAN INC. — 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: $1,506,287
- Estimated Expense Ratio: 11.766% 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 | $1,657,296 | — | — | $20,812 | — |
| 2023 | $1,428,720 | — | — | $23,213 | — |
| 2022 | $2,538,108 | — | — | — | $313,479 |