# Local 670 Welfare Fund Joint Board Of Trustees Health & Welfare Plan
Source: https://planprovider.pro/companies/local-670-welfare-fund-joint-board-of-trustees-132828665-501

> Local 670 Welfare Fund Joint Board Of Trustees's Health & Welfare plan: 1,495 participants, plan year 2024 financials, providers, and benchmarks from Form 55…

Form 5500 filing data for plan year 2024.

## 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|

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