Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Of Ufcw Local 1500 Welfare Fund
- Sponsor EIN: 237176373
- Sponsor Address: 425 MERRICK AVENUE, WESTBURY, NY, 11590
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 13,208
- Total Assets: $62.2M
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 | 13,208 | $62.2M | $73.5M | $2.8M |
| 2023 | 13,029 | $60.2M | $71.9M | $2.7M |
| 2022 | 13,060 | $57.7M | $72.4M | $2.7M |
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 |
|---|---|---|---|---|
| UFCW LOCAL 1500 | Other Service Provider | $1,679,778 | — | $1,679,778 |
| ASSOCIATED ADMINISTRATORS, LLC | Recordkeeper | $1,387,278 | $2,825 | $1,390,103 |
| EMPIRE HEALTHCHOICE ASSURANCE, INC | Other Service Provider | $899,338 | — | $899,338 |
| EXPRESS SCRIPTS, INC. | Other Service Provider | $708,145 | — | $708,145 |
| UFCW LOCAL 1500 BUILDING, INC | Other Service Provider | $323,800 | — | $323,800 |
| SEI INVESTMENT MANAGEMENT CORP | Other Service Provider | $122,661 | — | $122,661 |
| THE SEGAL COMPANY | Other Service Provider | $91,350 | — | $91,350 |
| ARIA EMPLOYEE BENEFIT SERVICES | Other Service Provider | $70,950 | — | $70,950 |
| ARCHER, BYINGTON, GLENNON & LEVINE | Other Service Provider | $56,100 | — | $56,100 |
| CITRIN COOPERMAN & COMPANY LLP | Other Service Provider | $46,057 | — | $46,057 |
| AJV LLC | Other Service Provider | $10,554 | — | $10,554 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,398,836
- Estimated Expense Ratio: 8.673% 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 | $2,813,910 | $122,661 | $313,969 | $50,413 | — |
| 2023 | $2,612,031 | $118,889 | $304,824 | $39,600 | — |
| 2022 | $3,617,514 | $105,865 | $300,192 | — | $225,114 |