Plan Snapshot
- Plan Sponsor: Board Of Trustees Iron Workers Locals 40, 361 & 417 Health Fund
- Sponsor EIN: 135622663
- Sponsor Address: 451 PARK AVENUE SOUTH, NEW YORK, NY, 10016
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,914
- Total Assets: $208.2M
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 | 1,914 | $208.2M | $104.2M | $357,548 |
| 2023 | 2,209 | $215.3M | $107.8M | $441,341 |
| 2022 | 1,959 | $207.4M | $117.3M | $323,329 |
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 |
|---|---|---|---|---|
| ANTHEM HEALTHCHOICE ASSURANCE | Other Service Provider | $1,409,108 | — | $1,409,108 |
| JMS ASSOCIATES | Other Service Provider | $348,000 | — | $348,000 |
| BRIAN SABBAGH | Recordkeeper | $243,115 | — | $243,115 |
| IAN Y. CHAN | Recordkeeper | $232,349 | — | $232,349 |
| JOHN J DELANEY JR | Recordkeeper | $210,567 | — | $210,567 |
| JIM DUFFICY | Recordkeeper | $195,212 | — | $195,212 |
| ELSIE E O'NEILL | Recordkeeper | $194,885 | — | $194,885 |
| THE SEGAL CO. (EASTERN STATES) INC. | Other Service Provider | $191,470 | — | $191,470 |
| COLLERAN, O'HARA & MILLS LLP | ERISA Attorney | $165,818 | $22,762 | $188,580 |
| LUCIA BAUKNIGHT | Recordkeeper | $178,521 | — | $178,521 |
| VADIM PODOBREEV | Recordkeeper | $152,173 | — | $152,173 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $152,076 | — | $152,076 |
| GO2UNION.COM LLC | Other Service Provider | $150,000 | — | $150,000 |
| DOREEN STENNETT | Recordkeeper | $140,927 | — | $140,927 |
| GARRENT L LEUNG | Recordkeeper | $134,476 | — | $134,476 |
| KEVIN CUSH | Recordkeeper | $117,709 | — | $117,709 |
| LI CHAN | Recordkeeper | $117,464 | — | $117,464 |
| STEVEN N. DAVI, PLLC | Other Service Provider | $97,640 | — | $97,640 |
| DORI MELFI | Recordkeeper | $95,819 | — | $95,819 |
| MAGNACARE ADMINISTRATIVE SERVICES, | Other Service Provider | $95,500 | — | $95,500 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $92,150 | — | $92,150 |
| DEDEN ZENUDIN | Recordkeeper | $91,807 | — | $91,807 |
| ORADBONE | Other Service Provider | $90,125 | — | $90,125 |
| MARY HOFFMAN | Recordkeeper | $89,570 | — | $89,570 |
| F/M INVESTMENTS, LLC | Other Service Provider | $86,439 | — | $86,439 |
| MICHAEL CANNALONGA | Recordkeeper | $70,989 | — | $70,989 |
| MUKESH KHEMANI | Recordkeeper | $69,208 | — | $69,208 |
| DAVID CHEUNG | Recordkeeper | $69,043 | — | $69,043 |
| ELEANOR WANG | Recordkeeper | $66,981 | — | $66,981 |
| PHONG NGO | Recordkeeper | $63,445 | — | $63,445 |
| MANNING & NAPIER | Other Service Provider | $62,596 | — | $62,596 |
| MORPHEON CORPORATION | Other Service Provider | $50,089 | — | $50,089 |
| MYLES CORRIGAN | Recordkeeper | $43,683 | — | $43,683 |
| JJ PIERSON | Other Service Provider | $41,250 | — | $41,250 |
| CYBERSECOP | Other Service Provider | $41,229 | — | $41,229 |
| BNY MELLON | Other Service Provider | $28,930 | — | $28,930 |
| MED REVIEW INC | Other Service Provider | $28,888 | — | $28,888 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $26,221 | — | $26,221 |
| GRASSI & CO CPAS | Auditor | $24,670 | — | $24,670 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $20,265 | — | $20,265 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BRIAN SABBAGH — Recordkeeper
- IAN Y. CHAN — Recordkeeper
- JOHN J DELANEY JR — Recordkeeper
- JIM DUFFICY — Recordkeeper
- ELSIE E O'NEILL — Recordkeeper
- LUCIA BAUKNIGHT — Recordkeeper
- VADIM PODOBREEV — Recordkeeper
- DOREEN STENNETT — Recordkeeper
- GARRENT L LEUNG — Recordkeeper
- KEVIN CUSH — Recordkeeper
- LI CHAN — Recordkeeper
- DORI MELFI — Recordkeeper
- SCHULTHEIS & PANETTIERI, LLP — Auditor
- DEDEN ZENUDIN — Recordkeeper
- MARY HOFFMAN — Recordkeeper
- MICHAEL CANNALONGA — Recordkeeper
- MUKESH KHEMANI — Recordkeeper
- DAVID CHEUNG — Recordkeeper
- ELEANOR WANG — Recordkeeper
- PHONG NGO — Recordkeeper
- MYLES CORRIGAN — Recordkeeper
- GRASSI & CO CPAS — Auditor
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,803,169
- Estimated Expense Ratio: 2.788% 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 | $5,103,861 | $352,241 | — | $70,000 | — |
| 2023 | $4,270,617 | $419,201 | — | $62,216 | — |
| 2022 | $4,974,905 | $385,760 | — | — | $738,655 |