Plan Snapshot
- Plan Sponsor: Board Of Trustees New York State Nurses Association Benefits Fund
- Sponsor EIN: 237336001
- Sponsor Address: PO BOX 12430, ALBANY, NY, 122122430
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 21,293
- Total Assets: $118.2M
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 | 21,293 | $118.2M | $579.0M | $2.1M |
| 2023 | 19,253 | $79.0M | $496.3M | $3.4M |
| 2022 | 18,247 | $35.9M | $409.2M | $7.4M |
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 |
|---|---|---|---|---|
| EMPIRE HEALTHCHOICE ASSURANCE, INC. | Other Service Provider | $6,393,747 | — | $6,393,747 |
| EXPRESS SCRIPTS | Other Service Provider | $929,738 | — | $929,738 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $571,846 | — | $571,846 |
| MILLIMAN, INC. | Recordkeeper | $358,045 | — | $358,045 |
| PROSKAUER ROSE LLP | ERISA Attorney | $243,842 | — | $243,842 |
| CHIEF EXECUTIVE OFFICER | Other Service Provider | $205,873 | — | $205,873 |
| BENEFITS DEPARTMENT MANAGER | Other Service Provider | $182,894 | — | $182,894 |
| COHEN WEISS AND SIMON LLP | ERISA Attorney | $159,226 | — | $159,226 |
| CHIEF OPERATING OFFICER | Other Service Provider | $156,804 | — | $156,804 |
| BENEFITS DEPARTMENT SUPERVISOR | Other Service Provider | $127,269 | — | $127,269 |
| SENIOR DISABILITY PARTICIPANT SERVI | Other Service Provider | $118,327 | — | $118,327 |
| SENIOR PARTICIPANT SERVICES REP. | Other Service Provider | $108,192 | — | $108,192 |
| IT MANAGER | Other Service Provider | $105,473 | — | $105,473 |
| DISABILITY PARTICIPANT SERVICES REP | Other Service Provider | $104,375 | — | $104,375 |
| UHY, LLP | Auditor | $103,265 | — | $103,265 |
| PARTICIPANT SERVICES DISABILITY REP | Other Service Provider | $100,944 | — | $100,944 |
| PARTICIPANT SERVICES REP. 4 | Other Service Provider | $98,809 | — | $98,809 |
| PARTICIPANT SERVICES REP. 3 | Other Service Provider | $92,232 | — | $92,232 |
| CONTROLLER | Other Service Provider | $90,330 | — | $90,330 |
| ENROLLMENT SPECIALIST | Other Service Provider | $88,243 | — | $88,243 |
| PARTICIPANT SERVICES REP. 1 | Other Service Provider | $85,472 | — | $85,472 |
| COMMUNICATION SPECIALIST | Other Service Provider | $78,854 | — | $78,854 |
| ACCOUNTING ASSOCIATE 1 | Other Service Provider | $73,829 | — | $73,829 |
| BENEFITS FUND CLERK | Other Service Provider | $72,360 | — | $72,360 |
| COBRA SPECIALIST | Other Service Provider | $69,980 | — | $69,980 |
| ADMINISTRATIVE SERVICES MANAGER | Other Service Provider | $68,749 | — | $68,749 |
| ACCOUNTING DEPARTMENT SUPERVISOR | Other Service Provider | $67,863 | — | $67,863 |
| COMMUNICATIONS REPRESENTATIVE | Other Service Provider | $63,662 | — | $63,662 |
| BUSINESS DATA ANALYST | Other Service Provider | $63,119 | — | $63,119 |
| SYSTEM ADMINISTRATOR II | Other Service Provider | $61,193 | — | $61,193 |
| SR. COMMUNICATIONS SPECIALIST | Other Service Provider | $59,642 | — | $59,642 |
| PARTICIPANT SERVICES REP. 2 | Other Service Provider | $59,147 | — | $59,147 |
| ADMINISTRATIVE ASSISTANT 1 | Other Service Provider | $56,799 | — | $56,799 |
| HOSPITAL SERVICES REPRESENTATIVE | Other Service Provider | $51,059 | — | $51,059 |
| SR. ACCOUNTING ASSOCIATE | Other Service Provider | $49,322 | — | $49,322 |
| ADMINISTRATIVE ASSISTANT 2 | Other Service Provider | $48,091 | — | $48,091 |
| IT SUPPORT SPECIALIST | Other Service Provider | $41,506 | — | $41,506 |
| PARTICIPANT SERVICES REP. 5 | Other Service Provider | $40,733 | — | $40,733 |
| SENECA CONSULTING GROUP | Other Service Provider | $28,473 | — | $28,473 |
| RECEPTIONIST | Other Service Provider | $27,941 | — | $27,941 |
| BUCHBINDER TUNICK & COMPANY, LLP | Other Service Provider | $10,086 | — | $10,086 |
| MORGAN STANLEY | Other Service Provider | $8,537 | — | $8,537 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- UHY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,525,891
- Estimated Expense Ratio: 9.751% 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 | $12,135,048 | — | $7,895,331 | $103,266 | — |
| 2023 | $11,474,231 | $16,950 | $7,360,230 | $78,090 | — |
| 2022 | $7,099,597 | $107,842 | $2,936,920 | — | $978,340 |