Plan Snapshot
- Plan Sponsor: Laborers' International Union Of N.A Local 17 Health Benefit Fund
- Sponsor EIN: 146022217
- Sponsor Address: 451-B LITTLE BRITAIN ROAD, NEWBURGH, NY, 12550
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 616
- Total Assets: $25.8M
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 | 616 | $25.8M | $11.7M | $1.9M |
| 2023 | 615 | $24.0M | $11.3M | $2.1M |
| 2022 | 596 | $20.1M | $10.5M | $2.2M |
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 |
|---|---|---|---|---|
| IOA RE, LLC | Other Service Provider | $492,620 | — | $492,620 |
| MICHAEL MARTUCCI | Other Service Provider | $156,165 | — | $156,165 |
| SYDNEY GOODRICH | Other Service Provider | $101,976 | — | $101,976 |
| GINA D'ARAGONA | Other Service Provider | $86,045 | — | $86,045 |
| MARCIE HOFFMANN | Other Service Provider | $70,737 | — | $70,737 |
| RBT CPAS, LLP | Other Service Provider | $52,236 | — | $52,236 |
| THE STANDARD LIFE INSURANCE COMPANY | Other Service Provider | $40,060 | — | $40,060 |
| SUMMIT ACTUARIAL SERVICES | Other Service Provider | $39,000 | — | $39,000 |
| JACQUELYN MONGELLI | Other Service Provider | $33,318 | — | $33,318 |
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $26,717 | — | $26,717 |
| SPECTRUM PENSION AND COMPENSATION | Other Service Provider | $21,800 | — | $21,800 |
| COMPUDAT SERVICES INC | Other Service Provider | $16,648 | — | $16,648 |
| CHRISTOPHER J. CERONE | Other Service Provider | $11,978 | — | $11,978 |
| LISA ARGENIO | Other Service Provider | $6,830 | — | $6,830 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,156,130
- Estimated Expense Ratio: 4.483% 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 | $1,305,925 | $11,395 | $28,018 | — | — |
| 2023 | $1,434,371 | $9,740 | $237,544 | — | — |
| 2022 | $1,595,622 | $10,206 | $376,043 | — | $165,101 |