# Bd Of Trustees Ufcw Local 342 Safety, Education, Health & Welfare Plan
Source: https://planprovider.pro/companies/bd-of-trustees-ufcw-local-342-safety-education-112447683-501

> Bd Of Trustees Ufcw Local 342 Safety, Education,'s Health & Welfare plan: 6,817 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bd Of Trustees Ufcw Local 342 Safety, Education,

- **Sponsor EIN:** 112447683

- **Sponsor Address:** 1461 LAKELAND AVE. SUITE 1, BOHEMIA, NY, 11716

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 6,817

- **Total Assets:** $3.8M

## 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|6,817|$3.8M|$2.6M|$0|

| 2023|6,583|$3.8M|$2.6M|$0|

| 2022|5,783|$3.8M|$2.3M|$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|

| LOCAL 342 WELFARE FUND|Other Service Provider|$1,258,000|—|$1,258,000|

| UFCW LOCAL 342 GROUP LEGAL FUND|Other Service Provider|$869,984|—|$869,984|

| UFCW LOCAL 342 UNION|Other Service Provider|$261,000|—|$261,000|

| NOVAK FRANCELLA LLC|Auditor|$21,329|—|$21,329|

| EMMIDIO UNGARO|Other Service Provider|$21,314|—|$21,314|

| JOCAR ELITE PROFESSIONALS, LLC|Other Service Provider|$21,314|—|$21,314|

| SOLARUS TECHNOLOGIES|Other Service Provider|$20,405|—|$20,405|

| PROSKAUER ROSE LLP|Other Service Provider|$13,215|—|$13,215|

| SIMON & MILNER|Other Service Provider|$10,000|—|$10,000|

| NAKIESHA SMITH|Other Service Provider|$6,644|—|$6,644|

| COUNSEL ADVISORS INC|Other Service Provider|$5,948|—|$5,948|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [NOVAK FRANCELLA LLC](https://planprovider.pro/provider/novak-francella-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,509,153

- **Estimated Expense Ratio:** 66.889% 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|$1,275,630|$3,492|—|$19,572|—|

| 2023|$1,116,565|$3,517|—|$17,715|—|

| 2022|$730,731|—|—|—|$41,012|

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