# Board Of Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-111708617-501

> Board Of Trustees's Health & Welfare plan: 788 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees

- **Sponsor EIN:** 111708617

- **Sponsor Address:** 325 73RD STREET, BROOKLYN, NY, 112092503

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 788

- **Total Assets:** $5.2M

## 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|788|$5.2M|$4.8M|$2,050|

| 2023|697|$5.1M|$4.8M|$29,026|

| 2022|650|$4.7M|$4.7M|$25,515|

## 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|

| LEAGUE OF INTERNATIONAL FEDERATED|Other Service Provider|$588,577|—|$588,577|

| JOHN N MONGELLO|Recordkeeper|$344,144|—|$344,144|

| JESSICA GAMBINO|Recordkeeper|$192,623|—|$192,623|

| ADEPTUS PARTNERS CPAS, LLC|Other Service Provider|$91,855|—|$91,855|

| DEBORAH J SPADARO|Recordkeeper|$89,265|—|$89,265|

| EMPIRX HEALTH|Other Service Provider|$81,323|—|$81,323|

| MONICA OLSZEWSKI|Recordkeeper|$78,337|—|$78,337|

| PHYLLIS E SCAFIDI|Recordkeeper|$76,049|—|$76,049|

| UNITED LABOR SYSTEMS|Other Service Provider|$53,400|—|$53,400|

| KATHY MONGELLO|Recordkeeper|$39,866|—|$39,866|

| MULTIPLAN, INC|Other Service Provider|$34,947|—|$34,947|

| VAC INSURANCE AGENCY|Other Service Provider|$28,789|—|$28,789|

| GENERAL VISION SERVICES, LLC|Other Service Provider|$27,246|—|$27,246|

| DANZIGER & MARKHOFF LLP|Other Service Provider|$20,068|—|$20,068|

| DDI LEASING, INC|Other Service Provider|$19,763|—|$19,763|

| CLOUDSAFE GROUP LLC|Other Service Provider|$14,426|—|$14,426|

| STARR, GERN, DAVISON & RUBIN PC|ERISA Attorney|$12,000|—|$12,000|

| PAYCHEX|Recordkeeper|$9,648|—|$9,648|

### Verified Provider Profiles

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

- [JOHN N MONGELLO](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [JESSICA GAMBINO](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [DEBORAH J SPADARO](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [MONICA OLSZEWSKI](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [PHYLLIS E SCAFIDI](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [KATHY MONGELLO](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [PAYCHEX](https://planprovider.pro/provider/paychex) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,802,326

- **Estimated Expense Ratio:** 34.776% 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|$2,359,340|$175|—|—|—|

| 2023|$2,229,481|$175|—|—|—|

| 2022|$2,224,571|$175|—|—|$87,243|

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