Plan Snapshot
- Plan Sponsor: Local 2, Building Service Employees & Factory Workers,Uswu-Iujat
- Sponsor EIN: 111831226
- Sponsor Address: 82-01 ROCKAWAY BLVD. SUITE 130, OZONE PARK, NY, 11416
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 271
- Total Assets: $28.1M
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 | 271 | $28.1M | $6.4M | $0 |
| 2023 | 267 | $23.9M | $6.0M | $0 |
| 2022 | 278 | $19.8M | $5.8M | $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 |
|---|---|---|---|---|
| MARY CLANTON | Other Service Provider | $183,346 | — | $183,346 |
| LEADING EDGE ADMINSTRATORS | Other Service Provider | $144,728 | — | $144,728 |
| RAYMOND JAMES FINANCIALS | Investment Advisor | $73,919 | — | $73,919 |
| SHAHIDAH CLANTON | Other Service Provider | $72,252 | — | $72,252 |
| BARNES, IACCARINO & SHEPHERD, LLP | Other Service Provider | $30,000 | — | $30,000 |
| NOVAK FRANCELLA, LLC | Auditor | $18,500 | — | $18,500 |
| GARY ROTHMAN | Other Service Provider | $18,000 | — | $18,000 |
| MINSKY & COTTONE, CPAS, PC | Other Service Provider | $15,600 | — | $15,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIALS — Investment Advisor
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $556,345
- Estimated Expense Ratio: 1.977% 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 | $542,849 | $73,919 | — | $18,500 | — |
| 2023 | $546,744 | $56,162 | — | $34,100 | — |
| 2022 | $503,957 | $53,232 | — | — | $80,600 |