# Board Of Trustees Local 338 Benefits Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-local-338-benefits-fund-136313146-502

> Board Of Trustees Local 338 Benefits Fund's Health & Welfare plan: 6,740 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Local 338 Benefits Fund

- **Sponsor EIN:** 136313146

- **Sponsor Address:** 1505 KELLUM PLACE, MINEOLA, NY, 11501

- **Plan Type:** Health & Welfare

- **Plan Number:** 502

- **Total Participants:** 6,740

- **Total Assets:** $7.8M

## 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|6,740|$7.8M|$1.9M|$11,555|

| 2023|6,672|$8.5M|$1.8M|$9,131|

| 2022|6,644|$9.3M|$1.9M|$5,465|

## 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|

| RWDSU/UFCW LOCAL 338|Other Service Provider|$431,000|—|$431,000|

| LOCAL 338 HEALTH & WELFARE FUND|Recordkeeper|$370,000|—|$370,000|

| DDS SERVICES, INC.|Other Service Provider|$197,022|—|$197,022|

| FRIEDMAN & ANSPACH|Other Service Provider|$150,014|—|$150,014|

| FUSCO, BRANSTEIN & RADA|Other Service Provider|$67,788|—|$67,788|

| COMPREHENSIVE HEALTHCARE SYSTEMS|Other Service Provider|$51,098|—|$51,098|

| EMPLOYEE A|Recordkeeper|$47,020|—|$47,020|

| EMPLOYEE D|Recordkeeper|$46,305|—|$46,305|

| THE SEGAL COMPANY|Other Service Provider|$41,179|—|$41,179|

| NOVAK FRANCELLA, LLC|Auditor|$37,500|—|$37,500|

| EMPLOYEE C|Recordkeeper|$32,256|—|$32,256|

| EMPLOYEE B|Recordkeeper|$27,978|—|$27,978|

| ALVIN BLYER, ESQ.|Other Service Provider|$16,130|—|$16,130|

| REYNOLDS CONSULTING SERVICES|Other Service Provider|$10,500|—|$10,500|

| SUMMIT ACTUARIAL SERVICES, LLC|Other Service Provider|$7,000|—|$7,000|

| LUCENT CONSULTING|Other Service Provider|$5,400|—|$5,400|

### Verified Provider Profiles

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

- [LOCAL 338 HEALTH & WELFARE FUND](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [EMPLOYEE A](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE D](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [NOVAK FRANCELLA, LLC](https://planprovider.pro/provider/novak-francella-llc) — Auditor

- [EMPLOYEE C](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [EMPLOYEE B](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $1,538,190

- **Estimated Expense Ratio:** 19.688% 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|$1,154,329|$11,426|—|$37,500|—|

| 2023|$1,175,596|$12,013|—|$37,500|—|

| 2022|$1,222,000|$13,148|—|—|$194,315|

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