Plan Snapshot
- Plan Sponsor: Laundry & Dry Cleaning Workers Education & Legal Assistance Fund, Work
- Sponsor EIN: 201072118
- Sponsor Address: 333 WESTCHESTER AVENUE, WHITE PLAINS, NY, 106042910
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,872
- Total Assets: $1.2M
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 | 2,872 | $1.2M | $308,389 | $0 |
| 2023 | 2,711 | $1.2M | $206,968 | $0 |
| 2022 | 2,654 | $979,086 | $268,956 | $0 |
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 |
|---|---|---|---|---|
| FELDMAN, KRAMER & MONACO PC | Other Service Provider | $155,999 | — | $155,999 |
| SCHULTE ROTH & ZABEL LLP | ERISA Attorney | $95,598 | — | $95,598 |
| NOVAK FRANCELLA LLC | Auditor | $18,360 | — | $18,360 |
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: $269,957
- Estimated Expense Ratio: 22.167% 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 | $121,487 | — | $4,433 | $18,360 | — |
| 2023 | $74,247 | — | $4,236 | $19,278 | — |
| 2022 | $53,473 | — | $3,764 | — | $36,964 |