Plan Snapshot
- Plan Sponsor: Health & Welfare Committee Of The Local 99, Health & Welfare Fund
- Sponsor EIN: 300217152
- Sponsor Address: 701 MCCARTER HIGHWAY, NEWARK, NJ, 07102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,898
- Total Assets: $31.9M
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 | 1,898 | $31.9M | $23.3M | $2.5M |
| 2023 | 1,984 | $31.2M | $21.9M | $2.5M |
| 2022 | 1,977 | $28.2M | $20.7M | $2.4M |
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 |
|---|---|---|---|---|
| LAUNDRY DIST FOODSVCS JB WKR UNITED | Other Service Provider | $1,260,474 | — | $1,260,474 |
| ANTHEM BLUE CROSS BLUE SHIELD | Other Service Provider | $524,746 | — | $524,746 |
| ALICARE INC | Other Service Provider | $505,190 | — | $505,190 |
| BENECARD | Other Service Provider | $171,004 | — | $171,004 |
| ALICARE MEDICAL MANAGEMENT INC | Other Service Provider | $147,187 | — | $147,187 |
| SAX LLP | Auditor | $112,730 | — | $112,730 |
| AMALGAMATED BANK | Other Service Provider | $52,957 | — | $52,957 |
| LIVONGO HEALTH INC | Other Service Provider | $47,902 | — | $47,902 |
| SELE-DENT INC | Other Service Provider | $46,402 | — | $46,402 |
| ALIGRAPHICS | Other Service Provider | $45,728 | — | $45,728 |
| BARNES, IACCARINO & SHEPHERD LLP | Other Service Provider | $22,920 | — | $22,920 |
| ALLIANT INSURANCE SERVICES, INC | Other Service Provider | $21,964 | — | $21,964 |
| MARINER INSTITUTIONAL, LLC | Other Service Provider | $18,000 | — | $18,000 |
| WORLDLINK | Other Service Provider | $13,285 | — | $13,285 |
| ANDCO CONSULTING LLC | Other Service Provider | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SAX LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,002,489
- Estimated Expense Ratio: 9.421% 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 | $3,009,671 | $82,957 | $1,260,474 | $112,730 | — |
| 2023 | $2,920,121 | $85,908 | $1,199,624 | $107,500 | — |
| 2022 | $2,535,728 | $75,266 | $909,771 | — | $129,904 |