Plan Snapshot
- Plan Sponsor: Board Of Trustees - The Retirement Plan Of The Amalgamated Ins. Fund
- Sponsor EIN: 134920446
- Sponsor Address: 333 WESTCHESTER AVENUE, WHITE PLAINS, NY, 10604
- Plan Type: DB
- Total Participants: 19,780
- Total Assets: $4.0M
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 | 19,780 | $4.0M | $0 | $0 |
| 2023 | 20,841 | $4.1M | $0 | $0 |
| 2022 | 22,160 | $4.4M | $0 | $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 |
|---|---|---|---|---|
| AMALGAMATED EMPLOYEE BENEFITS ADMIN | PARTY-IN-INTEREST | $1,161,721 | — | $1,161,721 |
| SOVOS COMPLIANCE LLC | NONE | — | $46,779 | $46,779 |
| THE SEGAL COMPANY | NONE | $40,449 | — | $40,449 |
| NOVAK FRANCELLA LLC | NONE | $28,000 | — | $28,000 |
| ZELIS PAYMENTS HOLDING LLC | NONE | — | $22,802 | $22,802 |
| AMALGAMATED LIFE INSURANCE COMPANY | PARTY-IN-INTEREST | $22,802 | — | $22,802 |
| AMALGAMATED BANK | PARTY-IN-INTEREST | $20,252 | — | $20,252 |
| SCHULTE ROTH & ZABEL, LLP | NONE | $12,763 | — | $12,763 |
| ALLIANT INSURANCE SERVICES, INC | NONE | — | $7,505 | $7,505 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — NONE
- AMALGAMATED LIFE INSURANCE COMPANY — PARTY-IN-INTEREST
- SCHULTE ROTH & ZABEL, LLP — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,363,073
- Estimated Expense Ratio: 33.704% 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 | $1,990,437 | — | $1,023,313 | $24,000 | — |
| 2023 | $2,022,741 | — | $1,070,821 | $24,000 | — |
| 2022 | $2,036,525 | — | $1,116,417 | — | $51,834 |