Plan Snapshot
- Plan Sponsor: Board Of Trustees, Mfow Welfare Fund
- Sponsor EIN: 941254186
- Sponsor Address: 240 SECOND ST, SAN FRANCISCO, CA, 94105
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 289
- Total Assets: $14.6M
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 | 289 | $14.6M | $6.1M | $1,940 |
| 2023 | 284 | $14.0M | $5.6M | $0 |
| 2022 | 295 | $13.8M | $5.4M | $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 |
|---|---|---|---|---|
| BENESYS ADMINISTRATORS | Other Service Provider | $94,616 | — | $94,616 |
| ANTHEM BLUE CROSS LIFE AND HEALTH | Other Service Provider | $86,340 | — | $86,340 |
| EMPLOYEE 01 | Recordkeeper | $72,423 | — | $72,423 |
| EMPLOYEE 02 | Recordkeeper | $69,722 | — | $69,722 |
| RAEL & LETSON | Other Service Provider | $67,250 | — | $67,250 |
| EMPLOYEE 04 | Recordkeeper | $63,910 | — | $63,910 |
| EMPLOYEE 03 | Recordkeeper | $63,498 | — | $63,498 |
| MARINE FIREMEN'S UNION | Other Service Provider | $58,987 | — | $58,987 |
| TRUCKER HUSS, APC | ERISA Attorney | $47,857 | — | $47,857 |
| WITHUMSMITH+BROWN, PC | Auditor | $35,138 | — | $35,138 |
| US BANK, NA | Recordkeeper | $33,219 | — | $33,219 |
| LEONARD CARDER, LLP | Other Service Provider | $21,231 | — | $21,231 |
| DODGE & COX | Other Service Provider | $19,787 | — | $19,787 |
| HMC HEALTHWORKS, LLC | Other Service Provider | $13,467 | — | $13,467 |
| ULISESS CATERING SERVICES | Other Service Provider | $10,318 | — | $10,318 |
| MEDEXPERT INTERNATIONAL, INC. | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE 01 — Recordkeeper
- EMPLOYEE 02 — Recordkeeper
- EMPLOYEE 04 — Recordkeeper
- EMPLOYEE 03 — Recordkeeper
- TRUCKER HUSS, APC — ERISA Attorney
- WITHUMSMITH+BROWN, PC — Auditor
- US BANK, NA — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $767,763
- Estimated Expense Ratio: 5.242% 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 | $791,339 | $19,787 | $31,380 | $35,138 | — |
| 2023 | $910,242 | $63,697 | $209,251 | $31,436 | — |
| 2022 | $799,515 | $52,876 | $32,176 | — | $162,233 |