Plan Snapshot
- Plan Sponsor: Board Of Trustees Local 812 Health Fund
- Sponsor EIN: 136162404
- Sponsor Address: 445 NORTHERN BLVD., NO. 30, GREAT NECK, NY, 11021
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 2,514
- Total Assets: $15.9M
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 | 2,514 | $15.9M | $50.6M | $56,159 |
| 2023 | 2,605 | $12.8M | $48.2M | $97,898 |
| 2022 | 2,558 | $16.0M | $44.3M | $266,852 |
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 |
|---|---|---|---|---|
| MAGNACARE ADMIN. SERVICES, LLC | Other Service Provider | $2,419,331 | $57,569 | $2,476,900 |
| TPA COMPUTER CORP | Other Service Provider | — | $386,298 | $386,298 |
| CARY KANE LLP | Other Service Provider | $199,751 | — | $199,751 |
| JAMES GREEN ESQ | Other Service Provider | $165,000 | — | $165,000 |
| SELE-DENT, INC. | Other Service Provider | $36,010 | $74,408 | $110,418 |
| NOVAK FRANCELLA LLC | Auditor | $99,170 | — | $99,170 |
| TELEMEDICINE MANAGEMENT, INC. | Other Service Provider | $95,517 | — | $95,517 |
| TEAMSTERS CENTER SERVICES FUND | Other Service Provider | $91,227 | — | $91,227 |
| AMPLIFON(USA), INC. | Other Service Provider | $77,880 | — | $77,880 |
| THE SEGAL COMPANY | Other Service Provider | $54,952 | — | $54,952 |
| NATIONAL LABOR BENEFITS | Other Service Provider | $52,961 | — | $52,961 |
| JOSEPH GEREMINA | Recordkeeper | $41,425 | — | $41,425 |
| LISA BERRY | Recordkeeper | $40,213 | — | $40,213 |
| OPTUMRX | Other Service Provider | $26,150 | — | $26,150 |
| FLAGSTAR ADVISORS | Other Service Provider | $21,735 | — | $21,735 |
| PERFECT PRINTING SOLUTIONS, INC. | Other Service Provider | $11,183 | — | $11,183 |
| SDBWU LOCAL 812 IBT | Other Service Provider | $7,100 | — | $7,100 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- JOSEPH GEREMINA — Recordkeeper
- LISA BERRY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,957,880
- Estimated Expense Ratio: 24.934% 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 | $868,535 | — | — | $42,500 | — |
| 2023 | $1,106,949 | — | — | $42,500 | — |
| 2022 | $1,008,792 | $28,417 | — | — | $387,419 |