Plan Snapshot
- Plan Sponsor: Bd Of Trustee-Amalgamated National Health Fund
- Sponsor EIN: 274411485
- Sponsor Address: 333 WESTCHESTER AVENUE, WHITE PLAINS, NY, 10604
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 16,342
- Total Assets: $73.2M
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 | 16,342 | $73.2M | $163.7M | $30.0M |
| 2023 | 16,537 | $76.2M | $157.6M | $29.4M |
| 2022 | 16,756 | $74.5M | $148.8M | $27.1M |
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 |
|---|---|---|---|---|
| AMALGAMATED EMPLOYEE BENEFITS ADMIN | Other Service Provider | $33,269,792 | — | $33,269,792 |
| EMPIRE HEALTHCHOICE ASSURANCE, INC. | Other Service Provider | $3,570,219 | — | $3,570,219 |
| ANTHEM BLUE CROSS BLUE SHIELD | Other Service Provider | $3,097,920 | — | $3,097,920 |
| AMALGAMATED MEDICAL CARE MANAGEMENT | Other Service Provider | $1,898,578 | — | $1,898,578 |
| SCHULTE ROTH & ZABEL LLP | ERISA Attorney | $1,802,381 | — | $1,802,381 |
| BLUE CROSS BLUE SHIELD OF MASSACHUS | Other Service Provider | $1,031,239 | — | $1,031,239 |
| CHICAGO AND MIDWEST REGIONAL JT BD | Other Service Provider | $153,963 | — | $153,963 |
| SIDNEY HILLMAN HEALTH CENTER | Other Service Provider | $152,822 | — | $152,822 |
| ZIPARI, INC. | Other Service Provider | $111,932 | — | $111,932 |
| SOUTHERN REGIONAL JOINT BOARD WORKE | Other Service Provider | $111,219 | — | $111,219 |
| NOVAK FRANCELLA LLC | Auditor | $80,000 | — | $80,000 |
| PSG CONSULTING LLC | Other Service Provider | $75,274 | — | $75,274 |
| NY/NJ JOINT BOARD - WORKERS UNITED | Other Service Provider | $74,196 | — | $74,196 |
| PENNSYLVANIA JOINT BOARD | Other Service Provider | $61,435 | — | $61,435 |
| CVS CAREMARK | Other Service Provider | $59,406 | — | $59,406 |
| METROPOLITAN DATA SOLUTIONS | Other Service Provider | $49,585 | — | $49,585 |
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $49,500 | — | $49,500 |
| WESTERN STATES REGIONAL JB LOCAL 75 | Other Service Provider | $45,200 | — | $45,200 |
| PARAMETRIC PROTFOLIO ASSOCIATES | Other Service Provider | $41,178 | — | $41,178 |
| AMALGAMATED LIFE INSURANCE | Recordkeeper | $39,068 | — | $39,068 |
| CYNOMYS, INC. | Other Service Provider | $36,606 | — | $36,606 |
| SOVOS COMPLIANCE LLC | Other Service Provider | — | $31,748 | $31,748 |
| ALLIANT INSURANCE SERVICES, INC. | Other Service Provider | — | $27,221 | $27,221 |
| SS&C TECHNOLOGIES | Other Service Provider | — | $25,501 | $25,501 |
| DELTA DENTAL OF NY | Other Service Provider | $22,993 | — | $22,993 |
| WORKERS UNITED | Other Service Provider | $20,604 | — | $20,604 |
| UNITE HERE HEALTH CENTER | Other Service Provider | $18,418 | — | $18,418 |
| AMALGAMATED BANK | Other Service Provider | $11,382 | $6,451 | $17,833 |
| HARDMAN JOHNSTON GLOBAL ADVISORS | Other Service Provider | $11,795 | — | $11,795 |
| SEIU LOCAL 49 | Other Service Provider | $9,840 | — | $9,840 |
| NSA STORAGE | Other Service Provider | $8,783 | — | $8,783 |
| SOUTHWEST REGIONAL JOINT BOARD | Other Service Provider | $7,560 | — | $7,560 |
| MID-ATLANTIC REGIONAL JOINT BOARD | Other Service Provider | $5,583 | — | $5,583 |
| LADIES GARMENT WORKERS CENTER, INC. | Other Service Provider | $5,250 | — | $5,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTE ROTH & ZABEL LLP — ERISA Attorney
- NOVAK FRANCELLA LLC — Auditor
- AMALGAMATED LIFE INSURANCE — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,024,642
- Estimated Expense Ratio: 62.851% 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 | $31,802,057 | $159,680 | $29,820,371 | $70,000 | — |
| 2023 | $30,426,877 | $143,425 | $28,751,506 | $73,046 | — |
| 2022 | $29,507,935 | $177,842 | $28,271,833 | — | $556,745 |