Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 456 Municipal Welfare Fund
- Sponsor EIN: 136804536
- Sponsor Address: 160 SOUTH CENTRAL AVENUE, ELMSFORD, NY, 10523
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,558
- Total Assets: $33.4M
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 | 1,558 | $33.4M | $0 | $0 |
| 2024 | 1,559 | $29.7M | $2.0M | $0 |
| 2023 | 1,563 | $26.9M | $2.0M | $0 |
| 2022 | 1,577 | $24.2M | $1.9M | $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 |
|---|---|---|---|---|
| MERRILL LYNCH | Custodian / Trustee | $118,642 | — | $118,642 |
| BAMUNDO, ZWAL & SCHERMERHORN LLP | ERISA Attorney | $81,496 | — | $81,496 |
| LOWER HUDSON VALLEY E.A.P. | Other Service Provider | $44,600 | — | $44,600 |
| BLITMAN & KING LLP | ERISA Attorney | $35,150 | — | $35,150 |
| THEODOR H. BROWN DDS | Other Service Provider | $30,144 | — | $30,144 |
| BOLTON PARTNERS NORTHEAST, INC. | Actuary | $23,500 | — | $23,500 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $19,853 | — | $19,853 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $17,978 | — | $17,978 |
| TPA CORPORATION | Other Service Provider | $12,150 | — | $12,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $383,513
- Estimated Expense Ratio: 1.149% 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 | $2,352,732 | $118,642 | — | $37,830 | — |
| 2024 | $451,152 | $130,877 | — | $44,052 | — |
| 2023 | $397,597 | $125,578 | — | $36,652 | — |
| 2022 | $408,172 | $129,001 | — | — | $109,641 |