Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 154 Welfare Fund
- Sponsor EIN: 111670612
- Sponsor Address: 370 VANDERBILT MOTOR PARKWAY, SUITE, HAUPPAUGE, NY, 11788
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 200
- Total Assets: $6.4M
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 | 200 | $6.4M | $5.5M | $29,240 |
| 2023 | 203 | $6.3M | $5.5M | $39,626 |
| 2022 | 165 | $5.6M | $4.4M | $18,934 |
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 |
|---|---|---|---|---|
| VIRGINIA & AMBINDER LLP | ERISA Attorney | $46,064 | — | $46,064 |
| CITRIN COOPERMAN ADVISORS, LLC | Other Service Provider | $26,717 | — | $26,717 |
| MARSHALL & MOSS ADMIN SERVICES, INC | Recordkeeper | $25,078 | — | $25,078 |
| THE MCKEOGH COMPANY | Actuary | $22,800 | — | $22,800 |
| REYNOLDS CONSULTING SERVICES | Other Service Provider | $5,500 | — | $5,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,159
- Estimated Expense Ratio: 1.979% 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 | $150,474 | $5,500 | $25,078 | $24,774 | — |
| 2023 | $130,571 | $6,250 | $20,038 | $24,683 | — |
| 2022 | $122,859 | $12,176 | $22,184 | — | $74,543 |