# Board Of Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-237177674-503

> Board Of Trustees's Health & Welfare plan: 353 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:** 237177674

- **Sponsor Address:** 889 BROADWAY, BAYONNE, NJ, 07002

- **Plan Type:** Health & Welfare

- **Plan Number:** 503

- **Total Participants:** 353

- **Total Assets:** $364,800

## 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|353|$364,800|$1.6M|$0|

| 2023|326|$335,203|$1.5M|$0|

| 2022|295|$340,217|$1.5M|$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|

| FUIMAN MOGILA LLP|Other Service Provider|$18,480|—|$18,480|

| THE LAMBOS FIRM, LLP|Other Service Provider|$18,480|—|$18,480|

| DESENA & COMPANY CPAS, LLC|Auditor|$15,507|—|$15,507|

| MOHAMED ARBAB|Recordkeeper|$11,000|—|$11,000|

| RICHARD ROSSIELLO|Recordkeeper|$6,000|—|$6,000|

### Verified Provider Profiles

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

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

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

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $69,467

- **Estimated Expense Ratio:** 19.042% 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|$83,065|—|—|$15,507|—|

| 2023|$72,687|—|—|—|—|

| 2022|$87,653|—|—|—|$49,607|

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