Plan Snapshot
- Plan Sponsor: Local 463 Educational, Vocational And Cultural Fund
- Sponsor EIN: 112585652
- Sponsor Address: 40 MARCUS DRIVE, STE. 212, MELVILLE, NY, 117474200
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 734
- Total Assets: $342,395
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 | 734 | $342,395 | $7,384 | $0 |
| 2023 | 732 | $329,195 | $7,647 | $0 |
| 2022 | 732 | $303,319 | $7,573 | $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 |
|---|---|---|---|---|
| ROGOFF & COMPANY PC | Auditor | $8,441 | — | $8,441 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,441
- Estimated Expense Ratio: 2.465% 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 | $16,610 | $1,313 | — | $8,441 | — |
| 2023 | $13,129 | $938 | — | $8,400 | — |
| 2022 | $13,667 | $1,338 | — | — | $11,094 |