Plan Snapshot
- Plan Sponsor: Board Of Trustees Heat And Frost Insulators Local 12
- Sponsor EIN: 116302784
- Sponsor Address: 35-53 24TH STREET, LONG ISLAND CITY, NY, 11106
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 382
- Total Assets: $30.7M
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. |
|---|---|---|---|---|
| 2025 | 382 | $30.7M | $0 | $0 |
| 2024 | 405 | $32.3M | $11.3M | $4.2M |
| 2023 | 448 | $30.9M | $10.5M | $4.1M |
| 2022 | 518 | $31.3M | $11.4M | $4.4M |
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 |
|---|---|---|---|---|
| UNITED HEALTHCARE SERVICES, LLC | Other Service Provider | $482,080 | — | $482,080 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $244,621 | — | $244,621 |
| ZENITH AMERICAN SOULTIONS | Other Service Provider | $115,312 | — | $115,312 |
| PROSKAUER ROSE LLP | Other Service Provider | $92,597 | — | $92,597 |
| MAGALI AVILA | Other Service Provider | $81,014 | — | $81,014 |
| SEGAL COMPANY (EASTERN STATES) | Other Service Provider | $78,451 | — | $78,451 |
| COLLERAN, O'HARA & MILLS, LLP | ERISA Attorney | $62,601 | — | $62,601 |
| OPTUMRX, INC. | Other Service Provider | $30,432 | $6,339 | $36,771 |
| EAGLE ASSET MANAGEMENT | Other Service Provider | $33,561 | — | $33,561 |
| THE HARRISON GROUP | Other Service Provider | $20,066 | — | $20,066 |
| SEGAL SELECT INSURANCE | Other Service Provider | — | $18,258 | $18,258 |
| M&T BANK | Custodian / Trustee | $16,045 | — | $16,045 |
| BENEFIT RESOURCE, LLC | Other Service Provider | $14,071 | — | $14,071 |
| HIGHLAND CAPITAL MANAGEMENT | Other Service Provider | $13,750 | — | $13,750 |
| REYNOLDS CONSULTING SERVICES, LLC | Other Service Provider | $7,500 | — | $7,500 |
| PAYCHEX, INC. | Other Service Provider | $5,388 | — | $5,388 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,322,086
- Estimated Expense Ratio: 4.309% 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 |
|---|---|---|---|---|---|
| 2025 | $18,062,578 | $56,633 | $99,463 | $67,900 | — |
| 2024 | $669,008 | $75,894 | $91,208 | $111,380 | — |
| 2023 | $772,627 | $48,098 | $58,953 | $131,980 | — |
| 2022 | $841,892 | — | $67,778 | — | $691,340 |