Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 60 Health & Welfare Fund
- Sponsor EIN: 131737041
- Sponsor Address: 140 BROADWAY, HAWTHORNE, NY, 10532
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 848
- Total Assets: $38.7M
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 | 848 | $38.7M | $18.5M | $54,292 |
| 2023 | 860 | $33.8M | $16.7M | $127,347 |
| 2022 | 881 | $32.4M | $17.3M | $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 |
|---|---|---|---|---|
| MERITAIN HEALTH | Other Service Provider | $432,971 | — | $432,971 |
| TOCQUEVILLE ASSET MANAGEMENT LP | Investment Advisor | $100,464 | — | $100,464 |
| BARNES, IACCARINO & SHEPHERD, LLP | ERISA Attorney | $97,038 | — | $97,038 |
| CHRISTINE COSTA | Recordkeeper | $88,575 | — | $88,575 |
| LUCAS ASCENCAO | Other Service Provider | $61,154 | — | $61,154 |
| MICHAEL CRUZ | Other Service Provider | $60,224 | — | $60,224 |
| MILLIMAN, INC. | Actuary | $57,504 | — | $57,504 |
| TPA CORPORATION | Other Service Provider | $32,760 | — | $32,760 |
| MILCIA FERMIN | Other Service Provider | $30,818 | — | $30,818 |
| JINDRISKA GONZALEZ | Other Service Provider | $29,766 | — | $29,766 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $23,445 | — | $23,445 |
| THEODOR H. BROWN, DDS | Other Service Provider | $21,300 | — | $21,300 |
| CITRIN COOPERMAN ADVISORS LLC | Other Service Provider | $14,788 | — | $14,788 |
| HESS TECHNOLOGY CONSULTING, INC. | Other Service Provider | $10,550 | — | $10,550 |
| MERRILL LYNCH | Other Service Provider | $10,000 | — | $10,000 |
| M&T BANK INST'L RETIREMENT SERVICES | Custodian / Trustee | $9,979 | — | $9,979 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Actuary
- M&T BANK INST'L RETIREMENT SERVICES — Custodian / Trustee
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,081,336
- Estimated Expense Ratio: 2.793% 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 | $1,360,002 | $110,464 | $612,160 | $29,575 | — |
| 2023 | $1,280,806 | $102,014 | $572,693 | $27,300 | — |
| 2022 | $1,143,177 | $107,841 | $448,925 | — | $202,813 |