Plan Snapshot
- Plan Sponsor: Bd Of Trustees Gen'L Blg Laborers' Local 66 Welfare Fund
- Sponsor EIN: 111627279
- Sponsor Address: 1600 WALT WHITMAN ROAD, MELVILLE, NY, 11747
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 423
- Total Assets: $41.7M
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 | 423 | $41.7M | $13.1M | $2.9M |
| 2023 | 423 | $49.5M | $12.6M | $2.8M |
| 2022 | 423 | $34.9M | $12.9M | $3.0M |
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 |
|---|---|---|---|---|
| MAGNACARE ADMINISTRATIVE SERVICES | Other Service Provider | $301,377 | $57,204 | $358,581 |
| THE SEGAL CO. (EASTERN STATES), INC | Other Service Provider | $151,828 | $62,265 | $214,093 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $167,574 | — | $167,574 |
| ALLEN MARMOR | Other Service Provider | $143,635 | — | $143,635 |
| ADAM GLASER | Other Service Provider | $111,319 | — | $111,319 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $102,080 | — | $102,080 |
| FLORENCE HILBRANDT | Other Service Provider | $101,439 | — | $101,439 |
| HIGH LEVEL TECHNOLOGIES, INC. | Other Service Provider | $97,468 | — | $97,468 |
| GARY JUNE | Other Service Provider | $89,738 | — | $89,738 |
| LOUISE PERUGINI | Other Service Provider | $88,887 | — | $88,887 |
| DEBORAH ROMANECK | Other Service Provider | $79,442 | — | $79,442 |
| FARCJITT BERNARD | Other Service Provider | $66,400 | — | $66,400 |
| ILIANNETTE READ | Other Service Provider | $56,505 | — | $56,505 |
| ANA ZAPPASODI | Other Service Provider | $52,383 | — | $52,383 |
| WENDY HEID | Other Service Provider | $51,975 | — | $51,975 |
| LAVELLE LAW & ASSOCIATES, P.C. | Other Service Provider | $45,000 | — | $45,000 |
| ALLISON O'ROURKE | Other Service Provider | $43,865 | — | $43,865 |
| PROSKAUER ROSE, LLP | Other Service Provider | $40,310 | — | $40,310 |
| LAZARD ASSET MANAGEMENT, LLC | Other Service Provider | $39,545 | — | $39,545 |
| LABOR EDU & COMM SVC AGENCY | Other Service Provider | $30,000 | — | $30,000 |
| LABOR FIRST LLC | Other Service Provider | — | $22,502 | $22,502 |
| ADMINISTRATIVE SERVICES ONLY, INC. | Other Service Provider | $13,968 | — | $13,968 |
| DAHAB ASSOCIATES, INC | Other Service Provider | $10,090 | — | $10,090 |
| CS MCKEE | Other Service Provider | $6,979 | — | $6,979 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,033,778
- Estimated Expense Ratio: 4.881% 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 | $1,579,518 | $56,162 | — | $84,316 | — |
| 2023 | $1,556,392 | $50,658 | — | $73,230 | — |
| 2022 | $1,477,105 | $48,741 | — | — | $381,571 |