Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 456 Legal Services Benefit Fund
- Sponsor EIN: 133133262
- Sponsor Address: 160 SOUTH CENTRAL AVENUE, ELMSFORD, NY, 10523
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 848
- Total Assets: $1.5M
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. |
|---|---|---|---|---|
| 2025 | 848 | $1.5M | $0 | $0 |
| 2024 | 856 | $1.3M | $216,489 | $0 |
| 2023 | 899 | $1.2M | $273,938 | $0 |
| 2022 | 926 | $1.1M | $295,734 | $0 |
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 |
|---|---|---|---|---|
| BAMUNDO, ZWAL & SCHERMERHORN LLP | ERISA Attorney | $72,960 | — | $72,960 |
| BLITMAN & KING LLP | ERISA Attorney | $14,035 | — | $14,035 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $7,080 | — | $7,080 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $5,514 | — | $5,514 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $99,589
- Estimated Expense Ratio: 6.834% 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 |
|---|---|---|---|---|---|
| 2025 | $136,773 | — | — | $11,027 | — |
| 2024 | $54,330 | — | — | $10,503 | — |
| 2023 | $53,428 | — | — | $10,503 | — |
| 2022 | $55,429 | — | — | — | $29,189 |