Plan Snapshot
- Plan Sponsor: Laundry, Dry Cleaning Workers & Allied Industries Health Fund, Workers
- Sponsor EIN: 135521921
- Sponsor Address: 333 WESTCHESTER AVENUE, WHITE PLAINS, NY, 106042910
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,923
- Total Assets: $20.6M
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 | 2,923 | $20.6M | $16.2M | $58,353 |
| 2023 | 2,921 | $18.9M | $13.1M | $51,004 |
| 2022 | 2,716 | $18.2M | $13.2M | $74,912 |
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 |
|---|---|---|---|---|
| AMALGAMATED EMPLOYEE BENEFITS ADMIN | Other Service Provider | $1,503,584 | — | $1,503,584 |
| ANTHEM BLUE CROSS | Other Service Provider | $586,824 | — | $586,824 |
| SCHULTE ROTH & ZABEL LLP | ERISA Attorney | $331,012 | — | $331,012 |
| MELINDA TORRES | Other Service Provider | $88,863 | — | $88,863 |
| DELTA DENTAL OF NY | Other Service Provider | $64,135 | — | $64,135 |
| ZIPARI, INC. | Other Service Provider | $40,343 | — | $40,343 |
| NOVAK FRANCELLA LLC | Auditor | $35,130 | — | $35,130 |
| LAUNDRY,DISTRIBUTION,FOOD SVC JT BD | Other Service Provider | $34,368 | — | $34,368 |
| GESSY FRANCOEUR | Other Service Provider | $31,480 | — | $31,480 |
| PSG CONSULTING LLC | Other Service Provider | $17,508 | — | $17,508 |
| ANDCO CONSULTING LLC | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTE ROTH & ZABEL LLP — ERISA Attorney
- NOVAK FRANCELLA LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,743,247
- Estimated Expense Ratio: 13.291% 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 | $2,196,786 | $100,000 | $1,389,584 | $35,130 | — |
| 2023 | $2,038,515 | $100,780 | $1,440,314 | $46,389 | — |
| 2022 | $1,954,204 | $103,771 | $1,278,396 | — | $240,950 |