Plan Snapshot
- Plan Sponsor: Bac Local #5, New York Welfare Fund
- Sponsor EIN: 146022899
- Sponsor Address: 66-05 WOODHAVEN BLVD, REGO PARK, NY, 11374
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 84
- Total Assets: $10.3M
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 | 84 | $10.3M | $2.1M | $317,037 |
| 2023 | 91 | $10.2M | $2.2M | $298,329 |
| 2022 | 96 | $9.6M | $2.4M | $318,353 |
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 |
|---|---|---|---|---|
| MVP HEALTH CARE | Other Service Provider | $96,376 | — | $96,376 |
| MILLIMAN, INC | Recordkeeper | $52,500 | — | $52,500 |
| PENSION AND ANNUITY PLAN OF BRICKLA | Other Service Provider | $48,383 | — | $48,383 |
| TEAL, BECKER, & CHIARAMONTE CPAS PC | Other Service Provider | $41,075 | — | $41,075 |
| MERRILL LYNCH, PIERCE, FENNER & SM | Other Service Provider | $18,086 | — | $18,086 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $15,728 | — | $15,728 |
| PIMCO | Other Service Provider | $14,461 | — | $14,461 |
| BARNES, IACCARINO & SHEPHERD, LLP | Other Service Provider | $9,384 | — | $9,384 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC — Recordkeeper
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $295,993
- Estimated Expense Ratio: 2.876% 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 | $327,915 | $32,317 | $154,122 | $41,075 | — |
| 2023 | $346,623 | $46,779 | — | $40,598 | — |
| 2022 | $366,168 | $30,062 | $186,131 | — | $105,838 |