Plan Snapshot
- Plan Sponsor: District Council 37 - Local 389 Home Care Employees Health And Welfare
- Sponsor EIN: 133505523
- Sponsor Address: 420 WEST 45TH STREET, 5TH FLOOR, NEW YORK, NY, 10036
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 621
- Total Assets: $22.5M
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 | 621 | $22.5M | $4.3M | $305,011 |
| 2023 | 621 | $21.9M | $4.5M | $312,385 |
| 2022 | 661 | $21.8M | $4.9M | $409,708 |
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 |
|---|---|---|---|---|
| BROWNE LEGAL CONSULTING PLLC | Other Service Provider | $189,204 | — | $189,204 |
| LAVETTE S. MORGAN-SMYER | Other Service Provider | $73,702 | — | $73,702 |
| ACHRAF KAMEL | Other Service Provider | $68,810 | — | $68,810 |
| CYNTHIA A LANG | Other Service Provider | $67,846 | — | $67,846 |
| SHARI S. KRAVITZ | Other Service Provider | $67,742 | — | $67,742 |
| SAVI THOMAS | Other Service Provider | $66,950 | — | $66,950 |
| JOSEPH F. HARNOS | Other Service Provider | $60,724 | — | $60,724 |
| ANGELA TRUONG | Other Service Provider | $50,998 | — | $50,998 |
| ROGOFF & COMPANY P.C. | Auditor | $47,000 | — | $47,000 |
| SUMMIT ACTUARIAL SERVICES LLC | Actuary | $36,000 | — | $36,000 |
| DANIEL H. COOK ASSOCIATES, INC. | Other Service Provider | $33,478 | — | $33,478 |
| COHEN WEISS & SIMON LLP | ERISA Attorney | $24,860 | — | $24,860 |
| SEGAL ADVISORS INC | Investment Advisor | $22,925 | — | $22,925 |
| INVESCO TRUST COMPANY | Investment Advisor | $14,729 | — | $14,729 |
| VITECH SYSTEMS GROUP INC | Other Service Provider | $10,500 | — | $10,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $835,468
- Estimated Expense Ratio: 3.712% 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 | $1,625,768 | $36,057 | $316,669 | $47,000 | — |
| 2023 | $1,666,846 | $33,811 | $335,250 | $47,000 | — |
| 2022 | $1,640,844 | $35,892 | $308,419 | — | $328,284 |