Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Allied Welfare Fund
- Sponsor EIN: 226062974
- Sponsor Address: 1441 SOUTH AVENUE, SUITE 702, STATEN ISLAND, NY, 10314
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,532
- Total Assets: $48.3M
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 | 1,532 | $48.3M | $6.3M | $47,996 |
| 2023 | 1,596 | $48.6M | $5.0M | $27,683 |
| 2022 | 1,603 | $46.6M | $6.7M | $10,623 |
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 |
|---|---|---|---|---|
| CROSSROADS HEALTHCARE MGMT LLC | Other Service Provider | $611,524 | — | $611,524 |
| GUARDIAN NURSES HEALTHCARE ADVOCATE | Other Service Provider | $277,272 | — | $277,272 |
| ANTHEM BLUE CROSS | Other Service Provider | $165,325 | — | $165,325 |
| MAGNACARE ADMINISTATIVE SERVICES | Other Service Provider | $39,800 | $102,354 | $142,154 |
| FRIEDMAN AND ANSPACH | Other Service Provider | $120,707 | — | $120,707 |
| WEAVER AND TIDWELL, L.L.P. | Auditor | $62,083 | — | $62,083 |
| CALIBRE CPA GROUP, PLLC | Auditor | $40,000 | — | $40,000 |
| HEALTH ADVOCATE SOLUTIONS, INC. | Other Service Provider | $31,339 | — | $31,339 |
| DAVID R. PFAFF, M.D. | Other Service Provider | $24,000 | — | $24,000 |
| REYNOLDS CONSULTING SERVICES LLC | Other Service Provider | $18,500 | — | $18,500 |
| DD SERVICES, INC | Other Service Provider | $14,123 | — | $14,123 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $14,000 | — | $14,000 |
| AMALGAMATED BANK | Other Service Provider | $9,589 | — | $9,589 |
| CHARLIE N. HALL SR. | Custodian / Trustee | $9,000 | — | $9,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL, L.L.P. — Auditor
- CALIBRE CPA GROUP, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,539,616
- Estimated Expense Ratio: 3.188% 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 | $878,305 | $28,829 | $611,525 | $40,000 | — |
| 2023 | $1,019,539 | $26,093 | $640,965 | $42,000 | — |
| 2022 | $982,942 | $28,452 | $632,719 | — | $244,598 |