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: 502
- Total Participants: 88,543
- Total Assets: $277.5M
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 | 88,543 | $277.5M | $166.3M | $795,444 |
| 2023 | 82,582 | $277.7M | $182.2M | $886,340 |
| 2022 | 74,898 | $253.8M | $173.3M | $1.1M |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $6,127,996 | $283,185 | $6,411,181 |
| UNITED SERVICE WORKERS UNION, IUJAT | Other Service Provider | $4,751,770 | — | $4,751,770 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $1,818,027 | — | $1,818,027 |
| SUPREME BENEFITS, LLC | Other Service Provider | $1,357,730 | — | $1,357,730 |
| INT'L UNION OF JOURNEYMAN AND ALLIE | Other Service Provider | $1,045,078 | — | $1,045,078 |
| NOVAK FRANCELLA, LLC | Auditor | $469,281 | — | $469,281 |
| JOSEPH M. PECORA, JR. | Other Service Provider | $327,342 | — | $327,342 |
| ROTHMAN, ROCCO, LARUFFA, LLP | Other Service Provider | $312,150 | — | $312,150 |
| STEVEN ELLIOTT JR. | Other Service Provider | $309,417 | — | $309,417 |
| THOMAS MACK | Other Service Provider | $285,989 | — | $285,989 |
| PROSKAUER ROSE, LLP | Other Service Provider | $285,165 | — | $285,165 |
| CEDUAN LIU | Other Service Provider | $274,508 | — | $274,508 |
| MATTHEW POWER | Other Service Provider | $239,424 | — | $239,424 |
| JAMES MACK | Other Service Provider | $238,772 | — | $238,772 |
| SAM MATTHEWS | Other Service Provider | $223,557 | — | $223,557 |
| MORVILLO ABRAMOWITZ GRAND | Other Service Provider | $204,936 | — | $204,936 |
| SERVICE PROFESSIONALS UNION LOC 726 | Other Service Provider | $178,531 | — | $178,531 |
| WINSTON PEREZ | Other Service Provider | $168,988 | — | $168,988 |
| HORIZON KNOWLEDGE | Other Service Provider | $168,878 | — | $168,878 |
| ROSEMARY SINGH | Other Service Provider | $121,701 | — | $121,701 |
| ROBERT HALF INTERNATIONAL, INC. | Other Service Provider | $118,987 | — | $118,987 |
| JOSEPHINE FALCONE | Other Service Provider | $98,700 | — | $98,700 |
| EDANA COLEGROVE | Other Service Provider | $98,492 | — | $98,492 |
| MICHAEL BAIN | Other Service Provider | $90,462 | — | $90,462 |
| JADE SAWANGSANG | Other Service Provider | $89,986 | — | $89,986 |
| SRIKANTH GOLYALLA GOUD | Other Service Provider | $87,124 | — | $87,124 |
| JANE FENG | Other Service Provider | $82,745 | — | $82,745 |
| RICHARD KEARSE | Other Service Provider | $78,506 | — | $78,506 |
| URMELLA SINGH | Other Service Provider | $77,776 | — | $77,776 |
| VELOCITY SEARCH GROUP | Other Service Provider | $72,000 | — | $72,000 |
| BLACKROCK INVESTMENT MANAGEMENT | Other Service Provider | $71,484 | — | $71,484 |
| STEVE SAVINO | Other Service Provider | $68,296 | — | $68,296 |
| MILLIMAN, INC. | Recordkeeper | $66,886 | — | $66,886 |
| MARIA RUIZ | Other Service Provider | $66,228 | — | $66,228 |
| LIZETTE J. PHILLIPS | Other Service Provider | $54,792 | — | $54,792 |
| VANTA, INC. | Other Service Provider | $48,694 | — | $48,694 |
| GIBSON, DUNN & CRUTCHER, LLP | Other Service Provider | $48,211 | — | $48,211 |
| DAHAB ASSOCIATES, INC. | Other Service Provider | $48,000 | — | $48,000 |
| LAURA GONZALEZ | Other Service Provider | $46,930 | — | $46,930 |
| SHANE MALONE | Other Service Provider | $40,542 | — | $40,542 |
| NICOLE CONTRERAS | Other Service Provider | $39,446 | — | $39,446 |
| MARIA RIVERA | Other Service Provider | $29,722 | — | $29,722 |
| LEASE & IABAU, INC. | Other Service Provider | $29,700 | — | $29,700 |
| COMERICA BANK | Other Service Provider | $23,516 | — | $23,516 |
| THE WAGNER LAW GROUP | ERISA Attorney | $22,897 | — | $22,897 |
| COUNSEL ADVISORS INC. | Other Service Provider | $15,000 | — | $15,000 |
| A&A MAINTENANCE ENTERPRISE INC | Other Service Provider | $14,448 | — | $14,448 |
| LEADING EDGE ADMINISTRATORS | Other Service Provider | $12,000 | — | $12,000 |
| ARGENT WRITING & DESIGN | Other Service Provider | $6,908 | — | $6,908 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
- MILLIMAN, INC. — Recordkeeper
- THE WAGNER LAW GROUP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $20,840,903
- Estimated Expense Ratio: 7.511% 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 | $11,467,099 | $119,484 | — | $66,000 | — |
| 2023 | $10,821,656 | $103,795 | — | $54,000 | — |
| 2022 | $10,778,198 | $90,606 | — | — | $765,465 |