# Board Of Trustees H.F.I.A.W. Local No. 32 - Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-h-f-i-a-w-local-no-32-welfare-fund-237159212-501

> Board Of Trustees H.F.I.A.W. Local No. 32 - Welfare Fund's Health & Welfare plan: 181 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees H.F.I.A.W. Local No. 32 - Welfare Fund

- **Sponsor EIN:** 237159212

- **Sponsor Address:** 36 HOPATCHUNG ROAD, HOPATCONG, NJ, 07843

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 181

- **Total Assets:** $4.9M

## 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|181|$4.9M|$7.8M|$337,421|

| 2023|186|$5.7M|$7.6M|$358,960|

| 2022|183|$5.7M|$7.1M|$291,363|

## 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|

| BASIL CASTROVINCI ASSOCIATES|Other Service Provider|$174,540|—|$174,540|

| UMR - UNITED HEALTH CARE|Other Service Provider|$125,222|—|$125,222|

| PAYER MATRIX|Other Service Provider|$63,612|—|$63,612|

| METS SCHIRO AND MCGOVERN|ERISA Attorney|$40,109|—|$40,109|

| LABOR FIRST LLC|Other Service Provider|$35,408|—|$35,408|

| MSPC, CPA'S AND ADVISORS, P.C.|Auditor|$23,612|—|$23,612|

| MD SASS|Other Service Provider|$15,078|—|$15,078|

### Verified Provider Profiles

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

- [MSPC, CPA'S AND ADVISORS, P.C.](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $477,581

- **Estimated Expense Ratio:** 9.777% 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|$501,989|$17,578|$367,711|$23,612|—|

| 2023|$528,500|$25,017|$381,091|$25,275|—|

| 2022|$479,949|$24,993|$135,740|—|$98,743|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-h-f-i-a-w-local-no-32-welfare-fund-237159212-501)

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