Plan Snapshot
- Plan Sponsor: Board Of Trustees I.B.E.W. Local 1049
- Sponsor EIN: 116043757
- Sponsor Address: 100 CORPORATE DRIVE, HOLTSVILLE, NY, 11742
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 786
- Total Assets: $127.3M
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 | 786 | $127.3M | $29.0M | $65,474 |
| 2023 | 810 | $111.9M | $27.6M | $60,588 |
| 2022 | 776 | $99.6M | $27.5M | $113,267 |
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 |
|---|---|---|---|---|
| INTERNATIONAL BENEFITS ADMINISTRATI | Other Service Provider | $734,160 | — | $734,160 |
| EMPIRE HEALTHCHOICE ASSURANCE INC | Other Service Provider | $490,489 | — | $490,489 |
| ACRISURE DBA UNION BEN PLANNERS | Other Service Provider | — | $459,728 | $459,728 |
| FIRST FINANCIAL SERVICES | Other Service Provider | — | $422,866 | $422,866 |
| JEANNINE DEVLIN | Other Service Provider | $177,396 | — | $177,396 |
| NORTHWELL DIRECT | Other Service Provider | $111,959 | — | $111,959 |
| DAWN LANGE | Other Service Provider | $111,692 | — | $111,692 |
| WILMA SPATAFORE-ALVAREZ | Other Service Provider | $67,391 | — | $67,391 |
| GOULD, KOBRICK, & SCHLAPP, P.C. | Auditor | $54,286 | — | $54,286 |
| CONNECTYOURCARE LLC | Other Service Provider | $49,404 | — | $49,404 |
| OPTUMRX | Other Service Provider | $33,722 | $7,816 | $41,538 |
| FACT FIRST ACTUARIAL CONSULTING | Other Service Provider | $20,000 | — | $20,000 |
| HOLM & OHARA | ERISA Attorney | $16,752 | — | $16,752 |
| DORIS KOENIG | Other Service Provider | $14,822 | — | $14,822 |
| SYNTONIC SYSTEMS INC. | Other Service Provider | $7,800 | — | $7,800 |
| KOBGO ASSOCIATES | Other Service Provider | $6,514 | — | $6,514 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GOULD, KOBRICK, & SCHLAPP, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,786,797
- Estimated Expense Ratio: 2.189% 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 | $2,099,959 | — | $1,419,734 | $54,286 | — |
| 2023 | $1,976,027 | — | $1,338,447 | $49,100 | — |
| 2022 | $1,880,469 | — | $1,297,495 | — | $75,354 |