Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The United Welfare Fund
- Sponsor EIN: 111823976
- Sponsor Address: 145 HUGUENOT STREET, SUITE 100, NEW ROCHELLE, NY, 10801
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 23,107
- Total Assets: $285.1M
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 | 23,107 | $285.1M | $24.7M | $0 |
| 2023 | 19,421 | $272.0M | $25.0M | $0 |
| 2022 | 18,827 | $280.2M | $24.2M | $0 |
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 |
|---|---|---|---|---|
| UNITED SERVICE WORKERS UNION, IUJAT | Other Service Provider | $1,770,113 | — | $1,770,113 |
| UNITED WELFARE FUND - WELFARE DIVIS | Other Service Provider | $853,516 | — | $853,516 |
| INTERNATIONAL UNION OF JOURNEYMAN A | Other Service Provider | $422,619 | — | $422,619 |
| ROTHMAN, ROCCO, LARUFFA, LLP | Other Service Provider | $264,199 | — | $264,199 |
| BLACKROCK INVESTMENT MGMT, LLC | Other Service Provider | $259,500 | — | $259,500 |
| NOVAK FRANCELLA, LLC | Auditor | $115,925 | — | $115,925 |
| SERVICE PROFESSIONALS UNION LOC 726 | Other Service Provider | $71,412 | — | $71,412 |
| DAHAB ASSOCIATES | Other Service Provider | $48,000 | — | $48,000 |
| HSBC BANK USA NA | Other Service Provider | $44,008 | — | $44,008 |
| PROSKAUER ROSE, LLP | Other Service Provider | $36,000 | — | $36,000 |
| MILLIMAN, INC. | Recordkeeper | $32,442 | — | $32,442 |
| COUNSEL ADVISORS INC | Other Service Provider | $15,000 | — | $15,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
- MILLIMAN, INC. — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,932,734
- Estimated Expense Ratio: 1.379% 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 | $4,084,372 | $307,500 | — | $66,000 | — |
| 2023 | $4,057,420 | $308,000 | — | $54,000 | — |
| 2022 | $3,827,367 | $366,157 | — | — | $425,691 |