Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Liquor Salesmens Union Local 2 Insurance
- Sponsor EIN: 136118802
- Sponsor Address: 100 ST. MARY'S AVENUE, STATEN ISLAND, NY, 10305
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 436
- Total Assets: $5.5M
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 | 436 | $5.5M | $756,906 | $7,647 |
| 2023 | 449 | $5.3M | $774,471 | $4,052 |
| 2022 | 447 | $5.0M | $777,635 | $5,593 |
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 |
|---|---|---|---|---|
| PROSKAUER ROSE LLP | Other Service Provider | $71,454 | — | $71,454 |
| RAYMOND PAPALEO | Other Service Provider | $59,024 | — | $59,024 |
| WEAVER AND TIDWELL, L.L.P | Auditor | $25,250 | — | $25,250 |
| EMPIRE HEALTH CHOICE ASSURANCE INC. | Other Service Provider | $14,817 | — | $14,817 |
| MANNING & NAPIER ADVISORS LLC | Recordkeeper | $12,412 | — | $12,412 |
| SEGAL MARCO ADVISORS | Other Service Provider | $10,000 | — | $10,000 |
| MERRILL LYNCH | Other Service Provider | $9,375 | — | $9,375 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL, L.L.P — Auditor
- MANNING & NAPIER ADVISORS LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,332
- Estimated Expense Ratio: 3.688% 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 | $372,426 | $22,413 | $14,817 | $25,250 | — |
| 2023 | $313,484 | $31,707 | $12,595 | $46,000 | — |
| 2022 | $351,933 | $33,531 | $13,216 | — | $75,649 |