# Board Of Trustees Of Local 298 Health Benefit Fund 1 Health & Welfare Plan Source: https://planprovider.pro/companies/board-of-trustees-of-local-298-health-benefit-fund-1-111967404-501 > Board Of Trustees Of Local 298 Health Benefit Fund 1's Health & Welfare plan: 2,172 participants, plan year 2024 financials, providers, and benchmarks from F… Form 5500 filing data for plan year 2024. ## Plan Snapshot - **Plan Sponsor:** Board Of Trustees Of Local 298 Health Benefit Fund 1 - **Sponsor EIN:** 111967404 - **Sponsor Address:** 201 WEST VALLEY STREAM BLVD, VALLEY STREAM, NY, 115805538 - **Plan Type:** Health & Welfare - **Plan Number:** 501 - **Total Participants:** 2,172 - **Total Assets:** $23.3M ## 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|2,172|$23.3M|$47.9M|$362,882| | 2023|3,177|$23.1M|$40.2M|$251,836| | 2022|2,000|$19.4M|$26.1M|$126,192| ## 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| | ANTHEM BLUE CROSS|Other Service Provider|$1,115,264|—|$1,115,264| | DICKINSON GROUP|Other Service Provider|$952,110|—|$952,110| | EASTERN STATES JOINT BOARD|Other Service Provider|$736,316|—|$736,316| | JOSEPH GIOVINCO|Recordkeeper|$176,009|—|$176,009| | VICTOR LAGRECA|Recordkeeper|$80,631|—|$80,631| | MCCARTHY & PREECE, PLLC|Other Service Provider|$46,480|—|$46,480| | ANGELA DIGIOVANNI|Recordkeeper|$38,233|—|$38,233| | JOSEPH MANZELLA|Recordkeeper|$37,612|—|$37,612| | CHARLES CLEMENZA|Recordkeeper|$35,367|—|$35,367| | NICOLE JEAN-CHARLES|Recordkeeper|$34,850|—|$34,850| | ANTHONY RAINONE|Recordkeeper|$33,366|—|$33,366| | JAMES VOGT|Recordkeeper|$31,219|—|$31,219| | PRISCILLA FARDUCHI|Recordkeeper|$30,794|—|$30,794| | WEAVER AND TIDWELL LLP|Auditor|$30,000|—|$30,000| | NORA ROA|Recordkeeper|$29,339|—|$29,339| | TPA COMPUTER CORP|Other Service Provider|$22,200|—|$22,200| | INTERCONTINENTAL REAL ESTATE INVEST|Other Service Provider|$17,720|—|$17,720| | QUAN-VEST CONSULTANTS, INC.|Other Service Provider|$13,644|—|$13,644| | ATALANTA SOSNOFF CAPITAL LLC|Other Service Provider|$13,159|—|$13,159| | SUMMIT ACTUARIAL SERVICES|Other Service Provider|$10,000|—|$10,000| | LAWRENCE S. FISCHER, CPA|Other Service Provider|$7,200|—|$7,200| | D.D. SERVICES INC.|Other Service Provider|$6,764|—|$6,764| ### Verified Provider Profiles Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro: - [JOSEPH GIOVINCO](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [VICTOR LAGRECA](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [ANGELA DIGIOVANNI](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [JOSEPH MANZELLA](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [CHARLES CLEMENZA](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [NICOLE JEAN-CHARLES](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [ANTHONY RAINONE](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [JAMES VOGT](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [PRISCILLA FARDUCHI](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper - [WEAVER AND TIDWELL LLP](https://planprovider.pro/provider/weaver-and-tidwell-llp) — Auditor - [NORA ROA](https://planprovider.pro/provider/charles-schwab-and-co-inc) — Recordkeeper ## Plan Fees & Expenses Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings. - **Total Service Provider Fees:** $3,498,277 - **Estimated Expense Ratio:** 15.016% 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|$989,721|$44,523|—|$30,000|—| | 2023|$1,379,957|$25,940|—|$45,000|—| | 2022|$950,701|$43,138|—|—|$86,000| ## Similar Plans - [Board Of Trustees - Adjustable Plan Of The Unite Here Retirement Fund](https://planprovider.pro/companies/board-of-trustees-adjustable-plan-of-the-unite-here-retirement-fund-plan) — 49,655 participants - [Bd Of Trustees-Adjustable Plan Of The National Retirement Fund](https://planprovider.pro/companies/bd-of-trustees-adjustable-plan-of-the-national-retirement-fund-plan) — 28,031 participants - [Unite Here](https://planprovider.pro/companies/unite-here-133819434-507) — 21,821 participants - [Board Of Trustees - The Retirement Plan Of The Amalgamated Ins. 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