Plan Snapshot
- Plan Sponsor: Empire State Highway Contractors Association Welfare Trust
- Sponsor EIN: 166391037
- Sponsor Address: 2481 HIGBY ROAD, FRANKFORT, NY, 13340
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,003
- Total Assets: $3.2M
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 | 1,003 | $3.2M | $16.9M | $0 |
| 2023 | 1,022 | $3.6M | $16.4M | $0 |
| 2022 | 1,102 | $3.4M | $15.6M | $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 |
|---|---|---|---|---|
| MVP HEALTH CARE, INC. | Other Service Provider | $1,810,731 | — | $1,810,731 |
| MILLIMAN, INC | Recordkeeper | $283,057 | — | $283,057 |
| NBT BANK, N.A. | Other Service Provider | $265,469 | — | $265,469 |
| WEALTH ENHANCEMENT ADVISORY SERVICE | Other Service Provider | $220,092 | — | $220,092 |
| FIRLEY, MORAN, FREER & EASSA,CPA,PC | Other Service Provider | $191,551 | — | $191,551 |
| EARNEST PARTNERS, LLC | Other Service Provider | $122,204 | — | $122,204 |
| GAMCO ASSET MANAGEMENT INC | Other Service Provider | $81,316 | — | $81,316 |
| BECKER CAPITAL MANAGEMENT | Other Service Provider | $75,972 | — | $75,972 |
| LAZARD ASSET MANAGEMENT LLC | Other Service Provider | $74,117 | — | $74,117 |
| AGINCOURT CAPITAL MANAGEMENT | Other Service Provider | $56,204 | — | $56,204 |
| GAYLE CHURCHILL | Other Service Provider | $45,000 | — | $45,000 |
| BROWN & BROWN OF NEW YORK, INC. | Other Service Provider | $25,329 | — | $25,329 |
| ANCHOR CAPITAL ADVISORS, INC. | Other Service Provider | $17,407 | — | $17,407 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,268,449
- Estimated Expense Ratio: 101.660% 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 | $3,293,173 | $912,781 | $1,855,731 | $191,551 | — |
| 2023 | $3,253,182 | $938,137 | $1,788,803 | $185,165 | — |
| 2022 | $3,187,972 | $999,586 | $1,621,766 | — | $558,683 |