Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 381 Group Insurance Fund
- Sponsor EIN: 136119572
- Sponsor Address: 160 MINEOLA BOULEVARD, MINEOLA, NY, 11501
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 84
- Total Assets: $7.7M
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. |
|---|---|---|---|---|
| 2024 | 84 | $7.7M | $964,719 | $212,979 |
| 2023 | 91 | $9.1M | $957,471 | $202,504 |
| 2022 | 93 | $9.4M | $1.3M | $280,242 |
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 |
|---|---|---|---|---|
| SCHULTHEIS & PANETTIERI LLP | Auditor | $29,600 | — | $29,600 |
| SYNTONIC SYSTEMS INC | Other Service Provider | $25,200 | — | $25,200 |
| SMITH AFFILIATED CAPITAL CORP | Other Service Provider | $24,178 | — | $24,178 |
| BARNES IACCARINO & SHEPHERD LLP | ERISA Attorney | $15,990 | — | $15,990 |
| SEGAL MARCO ADVISORS | Other Service Provider | $15,000 | — | $15,000 |
| MSI TECHNOLOGIES, LLC | Other Service Provider | $9,052 | — | $9,052 |
| JULI GREY-OWENS | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $125,020
- Estimated Expense Ratio: 1.614% 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 | $460,993 | $39,178 | — | $29,600 | — |
| 2023 | $500,394 | $44,168 | — | $28,700 | — |
| 2022 | $516,501 | $49,645 | — | — | $81,250 |