Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 713 Health & Wel
- Sponsor EIN: 116490308
- Sponsor Address: 555 WESTBURY AVENUE, CARLE PLACE, NY, 11514
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 15,283
- Total Assets: $52.9M
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 | 15,283 | $52.9M | $222.7M | $0 |
| 2023 | 16,340 | $48.5M | $204.4M | $0 |
| 2022 | 16,111 | $44.6M | $189.4M | $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 |
|---|---|---|---|---|
| DANIEL H. COOK ASSOCIATES, INC. | Other Service Provider | $7,059,469 | — | $7,059,469 |
| ANTHEM BLUE CROSS BLUE SHIELD | Other Service Provider | $2,229,636 | — | $2,229,636 |
| HERCULES HEALTH TECHNOLOGIES, LLC | Other Service Provider | $1,349,254 | — | $1,349,254 |
| IBOTU LOCAL 713 | Other Service Provider | $904,683 | — | $904,683 |
| EMPIRX HEALTH | Other Service Provider | $491,150 | — | $491,150 |
| JANNEY MONTGOMERY SCOTT | Investment Advisor | $325,910 | — | $325,910 |
| SAL IANNELLO | Other Service Provider | $157,804 | — | $157,804 |
| AKASH DHIR | Other Service Provider | $116,802 | — | $116,802 |
| ADELA LUTZ | Other Service Provider | $115,098 | — | $115,098 |
| MAGNACARE ADMINISTRATIVE SERVICES | Other Service Provider | $81,435 | — | $81,435 |
| ERIKA BURGOS | Other Service Provider | $78,733 | — | $78,733 |
| MIRA WILSON | Other Service Provider | $58,900 | — | $58,900 |
| BARNES, IACCARINO & SHEPHERD LLP | Other Service Provider | $53,730 | — | $53,730 |
| EMBLEM HEALTH INC. | Other Service Provider | $53,291 | — | $53,291 |
| LUCILLE ROMAIN | Other Service Provider | $53,140 | — | $53,140 |
| MARTA HERNADEZ | Other Service Provider | $40,410 | — | $40,410 |
| NOVAK FRANCELLA LLC | Other Service Provider | $33,800 | — | $33,800 |
| D.D. SERVICES, INC. | Other Service Provider | $6,083 | — | $6,083 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,209,328
- Estimated Expense Ratio: 24.957% 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 | $1,508,804 | $325,910 | — | $33,800 | — |
| 2023 | $1,394,161 | $264,428 | — | $25,116 | — |
| 2022 | $1,545,985 | $265,048 | — | — | $74,000 |