Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Smw Lu No. 28 Welfare Fund
- Sponsor EIN: 135530847
- Sponsor Address: 195 MINEOLA BLVD., MINEOLA, NY, 115012524
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,954
- Total Assets: $127.7M
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 | 1,954 | $127.7M | $66.8M | $3.2M |
| 2023 | 1,873 | $134.5M | $60.5M | $3.4M |
| 2022 | 2,193 | $151.6M | $63.4M | $3.3M |
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 HEALTH CHOICE | Other Service Provider | $1,548,501 | — | $1,548,501 |
| JENNIFER BLAKE | Other Service Provider | $138,110 | — | $138,110 |
| CALIBRE CPA GROUP, PLLC | Auditor | $135,904 | — | $135,904 |
| SANTIAGO IDLET | Other Service Provider | $130,233 | — | $130,233 |
| GLEN CAMISA | Other Service Provider | $124,190 | — | $124,190 |
| MOLLY SAGE | Other Service Provider | $110,460 | — | $110,460 |
| CARELON BEHAVIORAL HEALTH | Other Service Provider | $101,284 | — | $101,284 |
| MILLIMAN, INC. | Recordkeeper | $100,911 | — | $100,911 |
| SELE-DENT, INC. | Other Service Provider | $97,978 | — | $97,978 |
| CARLOS ANDRADE | Other Service Provider | $90,184 | — | $90,184 |
| JULIE BENISCHECK | Other Service Provider | $88,038 | — | $88,038 |
| ANA URRUTIA | Other Service Provider | $87,399 | — | $87,399 |
| COLLERAN, O'HARA & MILLS LLP | Other Service Provider | $81,695 | — | $81,695 |
| TOBENNA ERIKE | Other Service Provider | $77,517 | — | $77,517 |
| KAHYE JACKSON | Other Service Provider | $75,419 | — | $75,419 |
| TERI BRAUNER | Other Service Provider | $72,041 | — | $72,041 |
| KHALIL ENGLAD | Other Service Provider | $68,736 | — | $68,736 |
| FLEXIBLE BUSINESS SYSTEM, INC | Other Service Provider | $64,011 | — | $64,011 |
| ROBERT KATUNA | Other Service Provider | $63,762 | — | $63,762 |
| LYNETTE BROWN | Other Service Provider | $59,576 | — | $59,576 |
| DATA RESEARCH GROUP | Other Service Provider | $57,993 | — | $57,993 |
| ANGELICA DARBY | Other Service Provider | $50,041 | — | $50,041 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $49,964 | — | $49,964 |
| LOOMIS SAYLES & COMPANY | Other Service Provider | $49,874 | — | $49,874 |
| PROSKAUER ROSE LLP | Other Service Provider | $47,691 | — | $47,691 |
| JOAN AEBLY | Other Service Provider | $41,472 | — | $41,472 |
| CHRISTINA OVERTON | Other Service Provider | $38,958 | — | $38,958 |
| HIGHLAND CAPITAL MANAGEMENT | Other Service Provider | $38,697 | — | $38,697 |
| EAGLE ASSET MANAGEMENT | Other Service Provider | $37,657 | — | $37,657 |
| VINCENT THOMAS | Other Service Provider | $30,853 | — | $30,853 |
| SYNTONIC SYSTEM, INC. | Other Service Provider | $30,468 | — | $30,468 |
| REYNOLDS CONSULTING SERVICES | Other Service Provider | $28,090 | — | $28,090 |
| AMALGAMATED BANK | Other Service Provider | $19,608 | — | $19,608 |
| AUTOMATIC DATA PROCESSING | Other Service Provider | $6,313 | — | $6,313 |
| PDI | Other Service Provider | $5,453 | — | $5,453 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP, PLLC — Auditor
- MILLIMAN, INC. — Recordkeeper
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,849,081
- Estimated Expense Ratio: 3.014% 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 | $4,524,825 | $173,926 | $1,646,479 | $64,800 | — |
| 2023 | $4,590,848 | $194,237 | $1,772,099 | $64,800 | — |
| 2022 | $3,452,818 | $211,854 | $648,879 | — | $439,692 |