Plan Snapshot
- Plan Sponsor: Local 514 Health And Welfare Fund
- Sponsor EIN: 467325928
- Sponsor Address: 777 WESTCHESTER AVE- SUITE 101, WHITE PLAINS, NY, 106043520
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 623
- 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 | 623 | $1.2M | $6.7M | $0 |
| 2023 | 545 | $932,199 | $5.5M | $0 |
| 2022 | 194 | $491,737 | $1.8M | $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 |
|---|---|---|---|---|
| PKF O'CONNOR DAVIES, LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $286,276 | $5,974 | — | — | — |
| 2023 | $203,238 | $4,406 | — | — | — |
| 2022 | $126,506 | $530 | — | — | $39,251 |