Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 456 Health & Welfare Fund
- Sponsor EIN: 136123972
- Sponsor Address: 160 SOUTH CENTRAL AVENUE, ELMSFORD, NY, 10523
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 868
- Total Assets: $12.9M
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 | 868 | $12.9M | $20.9M | $66,059 |
| 2023 | 927 | $12.0M | $20.9M | $140,063 |
| 2022 | 926 | $14.6M | $20.5M | $313,372 |
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 |
|---|---|---|---|---|
| AETNA, INC. | Other Service Provider | $3,169,634 | — | $3,169,634 |
| EMPIRE HEALTHCHOICE ASSURANCE, INC. | Recordkeeper | $772,326 | — | $772,326 |
| BLITMAN & KING LLP | ERISA Attorney | $149,743 | — | $149,743 |
| PARK AVENUE MEDICAL | Other Service Provider | $132,078 | — | $132,078 |
| BOLTON PARTNERS NORTHEAST, INC. | Actuary | $83,800 | — | $83,800 |
| BRENDA GALEA-RITCH | Recordkeeper | $49,227 | — | $49,227 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $47,088 | — | $47,088 |
| PRUDENTRX LLC | Other Service Provider | $42,018 | — | $42,018 |
| MERRILL LYNCH | Custodian / Trustee | $41,391 | — | $41,391 |
| ARMANDO HERRERA | Other Service Provider | $29,502 | — | $29,502 |
| LOWER HUDSON VALLEY E.A.P. | Other Service Provider | $29,334 | — | $29,334 |
| HESS TECHNOLOGY CONSULTING, INC. | Other Service Provider | $27,521 | — | $27,521 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $23,681 | — | $23,681 |
| THEODOR H. BROWN DDS | Other Service Provider | $18,257 | — | $18,257 |
| TPA CORPORATION | Other Service Provider | $10,770 | — | $10,770 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,626,370
- Estimated Expense Ratio: 35.753% 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 | $1,580,821 | $41,391 | $790,583 | $47,361 | — |
| 2023 | $1,501,959 | $36,311 | $774,281 | $47,361 | — |
| 2022 | $1,114,638 | $36,663 | $360,574 | — | $319,135 |