Plan Snapshot
- Plan Sponsor: Local 475 Health Plan
- Sponsor EIN: 136179467
- Sponsor Address: 629 FIFTH AVENUE, PELHAM, NY, 10803
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 203
- Total Assets: $27.3M
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. |
|---|---|---|---|---|
| 2025 | 203 | $27.3M | $0 | $0 |
| 2024 | 288 | $21.7M | $7.7M | $10,135 |
| 2023 | 306 | $17.7M | $7.8M | $1,881 |
| 2022 | 292 | $14.3M | $0 | $6.9M |
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 |
|---|---|---|---|---|
| ANTHEM BLUE CROSS (G1921) | Other Service Provider | $108,822 | — | $108,822 |
| AMALGAMATED EMPLOYEE BEN ADMIN | Recordkeeper | $85,941 | — | $85,941 |
| PETER VAUPEL | Recordkeeper | $79,707 | — | $79,707 |
| CITRIN COOPERMAN & COMPANY, LLP | Other Service Provider | $27,113 | — | $27,113 |
| AMALGAMATED MEDICAL CARE MANAGEMENT | Other Service Provider | $23,533 | — | $23,533 |
| BARNES, IACCARINO & SHEPHERD LLP | ERISA Attorney | $21,600 | — | $21,600 |
| CYNOMYS, INC. | Actuary | $20,000 | — | $20,000 |
| EKA BENEFITS INC | Recordkeeper | — | $20,000 | $20,000 |
| D. D. SERVICES, INC. | Other Service Provider | $10,605 | — | $10,605 |
| DAHAB ASSOCIATES | Other Service Provider | $9,868 | — | $9,868 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $407,189
- Estimated Expense Ratio: 1.494% 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 |
|---|---|---|---|---|---|
| 2025 | $5,463,847 | $9,868 | $281,981 | $27,113 | — |
| 2024 | $603,610 | $7,514 | $288,320 | $26,875 | — |
| 2023 | $642,954 | $8,543 | $292,446 | $25,800 | — |
| 2022 | $606,651 | $7,456 | $288,348 | — | $68,970 |