Plan Snapshot
- Plan Sponsor: Boilermakers Local Lodge No. 5 Welfare Plan
- Sponsor EIN: 136121371
- Sponsor Address: 1400 OLD COUNTRY RD STE 406, WESTBURY, NY, 11590
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 111
- Total Assets: $2.4M
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 | 111 | $2.4M | $132,780 | $0 |
| 2023 | 111 | $2.5M | $199,763 | $0 |
| 2022 | 127 | $2.6M | $139,818 | $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 |
|---|---|---|---|---|
| MARSHALL & MOSS LLP | Other Service Provider | $30,775 | — | $30,775 |
| REYNOLDS CONSULTING SERVICES, LLC | Other Service Provider | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,775
- Estimated Expense Ratio: 1.679% 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 | $60,759 | $10,000 | $30,775 | $4,400 | — |
| 2023 | $60,233 | $10,000 | $30,630 | $4,400 | — |
| 2022 | $27,697 | $9,477 | $5,393 | — | $10,539 |