Plan Snapshot
- Plan Sponsor: Madelaine/Local 1222 Welfare Fund
- Sponsor EIN: 113053695
- Sponsor Address: 26 EAST PARK AVENUE SUITE 360, LONG BEACH, NY, 115613543
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 96
- Total Assets: $70,446
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 | 96 | $70,446 | $331,000 | $0 |
| 2023 | 171 | $60,962 | $387,000 | $0 |
| 2022 | 121 | $55,056 | $334,000 | $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 |
|---|---|---|---|---|
| SYNTONICS SYSTEMS INC | Other Service Provider | $33,447 | — | $33,447 |
| KATHERINE HARRIS | Other Service Provider | $26,816 | — | $26,816 |
| JOEL SPIVAK | Other Service Provider | $24,000 | — | $24,000 |
| ERROL KATCHER | Other Service Provider | $12,000 | — | $12,000 |
| MAGNA CARE | Other Service Provider | $7,625 | — | $7,625 |
| NY TAX PROS INC | Other Service Provider | $5,600 | — | $5,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $109,488
- Estimated Expense Ratio: 155.421% 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 | $175,051 | — | — | — | — |
| 2023 | $175,685 | — | — | — | — |
| 2022 | $190,434 | — | — | — | $37,350 |