Plan Snapshot
- Plan Sponsor: International Union Of Operating Engineers Welfare Fund Local 295
- Sponsor EIN: 111964991
- Sponsor Address: 61-04 MAURICE AVENUE, MASPETH, NY, 11378
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 666
- Total Assets: $16.7M
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. |
|---|---|---|---|---|
| 2025 | 666 | $16.7M | $0 | $0 |
| 2024 | 589 | $15.6M | $7.4M | $44,680 |
| 2023 | 530 | $18.7M | $7.4M | $80,846 |
| 2022 | 503 | $18.8M | $7.2M | $80,714 |
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 |
|---|---|---|---|---|
| ANGELO CORDISCO | Other Service Provider | $316,448 | — | $316,448 |
| STEPHEN MOGILA | Other Service Provider | $212,784 | — | $212,784 |
| ANTHEM BLUE CROSS BLUE SHEILD | Other Service Provider | $198,856 | — | $198,856 |
| MICHAEL PISANTI | Other Service Provider | $164,047 | — | $164,047 |
| KIMBERLEY BLAIR | Other Service Provider | $138,734 | — | $138,734 |
| INSURANCE DESIGN ADMINISTRATORS | Recordkeeper | $123,188 | — | $123,188 |
| NINA DICIOCCIO | Other Service Provider | $106,951 | — | $106,951 |
| MODERN ADMINISTRATION SYSTEMS LLC | Other Service Provider | $47,837 | — | $47,837 |
| ALEXA JOHNSTON | Other Service Provider | $41,549 | — | $41,549 |
| FITZSIMMONS ABRAMS, LLP | Other Service Provider | $36,600 | — | $36,600 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $33,949 | — | $33,949 |
| FIRST ACTUARIAL CONSULTING INC | Other Service Provider | $24,400 | — | $24,400 |
| MICHAEL BURAK | Other Service Provider | $21,120 | — | $21,120 |
| FRONTLINE MANAGED SERVICES | Other Service Provider | $19,834 | — | $19,834 |
| MICHAEL J COMERFORD, P.C. | Other Service Provider | $16,450 | — | $16,450 |
| HILB GROUP | Other Service Provider | $16,000 | — | $16,000 |
| MARIANNE STAITI | Other Service Provider | $13,500 | — | $13,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,532,247
- Estimated Expense Ratio: 9.152% 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 |
|---|---|---|---|---|---|
| 2025 | $8,814,896 | $34,792 | $232,281 | $36,600 | — |
| 2024 | $1,459,295 | $36,783 | $365,760 | $64,500 | — |
| 2023 | $1,302,642 | $43,161 | $268,223 | $40,681 | — |
| 2022 | $1,250,666 | $43,803 | $314,920 | — | $162,010 |