Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 450a Welfare Fund
- Sponsor EIN: 061697982
- Sponsor Address: 212-07 16TH AVENUE 2ND FL, BAYSIDE, NY, 11360
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 356
- Total Assets: $606,470
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 | 356 | $606,470 | $8.1M | $9,161 |
| 2023 | 356 | $588,737 | $7.7M | $15,707 |
| 2022 | 375 | $549,553 | $7.0M | $6,100 |
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 |
|---|---|---|---|---|
| DIOSCURI ADMINISTRATOR INC. | Recordkeeper | $110,000 | — | $110,000 |
| BARNES, IACCARINO & SHEPHERD LLP | ERISA Attorney | $18,000 | — | $18,000 |
| CITRIN COOPERMAN & COMPANY LLP | Other Service Provider | $16,200 | — | $16,200 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,200
- Estimated Expense Ratio: 23.777% 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 | $152,432 | — | $110,000 | $16,200 | — |
| 2023 | $149,794 | $109,000 | — | $15,450 | — |
| 2022 | $147,571 | $109,000 | — | — | $34,800 |