Plan Snapshot
- Plan Sponsor: Laborers' Union-No 91 Welfare Fund
- Sponsor EIN: 160776158
- Sponsor Address: 4500 WITMER INDUSTRIAL ESTATES, NIAGARA FALLS, NY, 14305
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 711
- Total Assets: $7.5M
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 | 711 | $7.5M | $3.5M | $282,558 |
| 2023 | 662 | $6.7M | $2.9M | $318,509 |
| 2022 | 650 | $6.0M | $3.3M | $341,400 |
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 |
|---|---|---|---|---|
| WILLIAM GRACE | Other Service Provider | $110,555 | — | $110,555 |
| KIMBERLY CORSARO | Other Service Provider | $55,103 | — | $55,103 |
| ARCARA LENDA EUSANIO & STACEY CPAS | Other Service Provider | $49,603 | — | $49,603 |
| JBM COMPUTER CONSULTANTS INC. | Other Service Provider | $30,985 | — | $30,985 |
| WELLS FARGO | Other Service Provider | $19,893 | — | $19,893 |
| LIPSITZ GREEN SCIME & CAMBRIA | Other Service Provider | $12,641 | — | $12,641 |
| PCA TECHNOLOGY GROUP, INC | Other Service Provider | $7,981 | — | $7,981 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $286,761
- Estimated Expense Ratio: 3.817% 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 | $388,497 | $19,893 | — | $49,603 | — |
| 2023 | $376,230 | $18,198 | — | $44,914 | — |
| 2022 | $477,040 | $15,511 | — | — | $110,487 |