Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Electrical Employers Self-Ins Safety Plan
- Sponsor EIN: 510151311
- Sponsor Address: 158-11 HARRY VAN ARSDALE JR. AVENUE, FLUSHING, NY, 11365
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 11,592
- Total Assets: $346.4M
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 | 11,592 | $346.4M | $80.4M | $3.1M |
| 2023 | 11,585 | $318.7M | $75.9M | $3.5M |
| 2022 | 12,200 | $300.8M | $81.4M | $3.8M |
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 |
|---|---|---|---|---|
| JOINT INDUSTRY BOARD | Recordkeeper | $8,961,266 | — | $8,961,266 |
| MAGNACARE | Other Service Provider | $4,032,816 | — | $4,032,816 |
| MILLIMAN INC | Recordkeeper | $316,940 | — | $316,940 |
| CLICK SAFETY.COM, INC. | Other Service Provider | $305,384 | — | $305,384 |
| ALLIANT INSURANCE SERVICES INC. | Other Service Provider | $264,804 | — | $264,804 |
| INSIGHT NORTH AMERICA LLC | Other Service Provider | $217,189 | — | $217,189 |
| COLUMBIA MGMT INVESTMENT ADVISORS | Investment Advisor | $146,618 | — | $146,618 |
| JW SOFTWARE, INC. | Other Service Provider | $113,540 | — | $113,540 |
| HANDLED CLAIMS | Other Service Provider | $100,394 | — | $100,394 |
| HARLEYSVILLE PREFERRED INSURANCE CO | Other Service Provider | $71,547 | — | $71,547 |
| ELLIOT T. HETCH | Other Service Provider | $65,500 | — | $65,500 |
| MYCOMPLY US INC | Other Service Provider | $65,325 | — | $65,325 |
| DEUTSCHE BANK | Other Service Provider | $46,485 | — | $46,485 |
| IN-TEC INC | Other Service Provider | $32,475 | — | $32,475 |
| FABIANI COHEN & HALL LLP | Other Service Provider | $21,848 | — | $21,848 |
| WRIGHT RISK MANAGEMENT, LLC | Other Service Provider | $20,000 | — | $20,000 |
| WILSON ELSER MOSKOWITZ ET. AL. | Other Service Provider | $16,446 | — | $16,446 |
| CARD QUEST | Other Service Provider | $15,600 | — | $15,600 |
| ISO-CLAIMS PARTNERS, INC | Other Service Provider | $14,750 | — | $14,750 |
| PATSON BAGEL INC | Other Service Provider | $13,868 | — | $13,868 |
| APPELLATE INNOVATIONS LLC | Other Service Provider | $12,678 | — | $12,678 |
| LEWIS JOHS AVALLONE AVILES LLP | Other Service Provider | $12,360 | — | $12,360 |
| AMALGAMATED BANK | Other Service Provider | $12,341 | — | $12,341 |
| MILBER MAKRIS PLOUSADIS & SEIDEN | Other Service Provider | $11,420 | — | $11,420 |
| LEGACY OFFICE SOLUTIONS, LLC | Other Service Provider | $7,721 | — | $7,721 |
| JONES JONES LLC | Other Service Provider | $7,435 | — | $7,435 |
| ALICARE INC. / ALIGRAPHICS | Other Service Provider | $7,055 | — | $7,055 |
| STATE STREET BANK & TRUST COMPANY | Other Service Provider | $7,031 | — | $7,031 |
| SEGAL MARCO ADVISORS | Other Service Provider | $5,915 | — | $5,915 |
| IMPALA PRESS, LTD | Other Service Provider | $5,075 | — | $5,075 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN INC — Recordkeeper
- COLUMBIA MGMT INVESTMENT ADVISORS — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $14,931,826
- Estimated Expense Ratio: 4.311% 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 | $15,326,506 | $393,319 | $12,994,082 | — | — |
| 2023 | $15,145,981 | $343,711 | $13,292,716 | — | — |
| 2022 | $14,586,661 | $367,370 | $12,343,811 | — | $461,641 |