Plan Snapshot
- Plan Sponsor: Local 670 Welfare Fund Joint Board Of Trustees
- Sponsor EIN: 132828665
- Sponsor Address: 299 BROADWAY, NEW YORK, NY, 10007
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,495
- Total Assets: $36.1M
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 | 1,495 | $36.1M | $23.1M | $0 |
| 2023 | 1,930 | $26.9M | $23.9M | $0 |
| 2022 | 2,167 | $21.0M | $21.2M | $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 |
|---|---|---|---|---|
| BASIL CASTROVINVI ASSOC | Other Service Provider | $584,694 | — | $584,694 |
| CASTIGLIA, LLP | Other Service Provider | $133,403 | — | $133,403 |
| ROTHMAN ROCCO LARUFFA LLP | Other Service Provider | $78,335 | — | $78,335 |
| MULTIPLAN INC | Other Service Provider | $60,906 | — | $60,906 |
| BASIL CASTROVINCI ASSOC. | Other Service Provider | $52,259 | — | $52,259 |
| AETNA | Other Service Provider | $31,227 | — | $31,227 |
| GENERAL PRESCRIPTION | Other Service Provider | $23,012 | — | $23,012 |
| AMALGAMATED BANK | Other Service Provider | $17,313 | — | $17,313 |
| SYNTONIC SYSTEMS, INC. | Other Service Provider | $14,150 | — | $14,150 |
| LAKESHORE BENEFIT GROUP | Other Service Provider | $10,000 | — | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,005,299
- Estimated Expense Ratio: 2.787% 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 | $1,528,701 | $17,313 | $699,889 | $58,500 | — |
| 2023 | $1,367,596 | $16,130 | $676,230 | $58,500 | — |
| 2022 | $1,329,920 | $14,835 | $751,741 | — | $181,603 |