Plan Snapshot
- Plan Sponsor: Asbestos Workers Syracuse Welfare Fund
- Sponsor EIN: 156022551
- Sponsor Address: 5 ADLER DR., SUITE 3, EAST SYRACUSE, NY, 13057
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 74
- Total Assets: $2.7M
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 | 74 | $2.7M | $989,696 | $0 |
| 2023 | 94 | $2.6M | $936,480 | $0 |
| 2022 | 84 | $2.4M | $1.2M | $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 |
|---|---|---|---|---|
| DONNA THOMAS | Other Service Provider | $27,768 | — | $27,768 |
| BLITMAN & KING, LLP | Other Service Provider | $18,648 | — | $18,648 |
| DERMODY, BURKE & BROWN, CPAS | Other Service Provider | $18,000 | — | $18,000 |
| MANNING & NAPIER ADVISORS, LLC | Recordkeeper | $16,670 | — | $16,670 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MANNING & NAPIER ADVISORS, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $81,086
- Estimated Expense Ratio: 2.967% 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 | $146,934 | $19,248 | — | $20,128 | — |
| 2023 | $948,553 | — | — | — | — |
| 2022 | $881,034 | — | — | — | — |