Plan Snapshot
- Plan Sponsor: Board Of Trustees Bctgm Atlantic Health And Welfare Fund
- Sponsor EIN: 135616752
- Sponsor Address: 108-15 CROSS BAY BOULEVARD, OZONE PARK, NY, 11417
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 434
- Total Assets: $18.1M
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 | 434 | $18.1M | $8.8M | $149,860 |
| 2023 | 422 | $14.2M | $8.9M | $184,799 |
| 2022 | 416 | $10.9M | $9.0M | $218,943 |
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 |
|---|---|---|---|---|
| CADARET GRANT & CO., INC. | Investment Advisor | $167,111 | — | $167,111 |
| RAYMOND AQUILINO | Custodian / Trustee | $134,750 | — | $134,750 |
| NANCY MARTINEZ | Other Service Provider | $57,608 | — | $57,608 |
| HENRY J. MCKAY | Other Service Provider | $48,880 | — | $48,880 |
| CYNOMYS, INC. | Actuary | $42,000 | — | $42,000 |
| KMR SYSTEMS CORPORATION | Other Service Provider | $42,000 | — | $42,000 |
| CIGNA HEALTH AND LIFE INSURANCE CO. | Other Service Provider | $37,599 | — | $37,599 |
| FUIMAN MOGILA, LLP | ERISA Attorney | $26,400 | — | $26,400 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $24,425 | — | $24,425 |
| D.D. SERVICES, INC. | Other Service Provider | $12,771 | — | $12,771 |
| T.S. BOOKKEEPING SERVICES, INC. | Other Service Provider | $10,056 | — | $10,056 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $603,600
- Estimated Expense Ratio: 3.332% 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 | $710,507 | $167,111 | $12,771 | — | — |
| 2023 | $699,853 | $145,131 | $13,910 | — | — |
| 2022 | $667,676 | $130,922 | $14,122 | — | $160,118 |