Plan Snapshot
- Plan Sponsor: Material Yard Workers Local 1175 Welfare
- Sponsor EIN: 135679400
- Sponsor Address: 34-11 35TH AVENUE, ASTORIA, NY, 11106
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 143
- Total Assets: $3.5M
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 | 143 | $3.5M | $5.2M | $0 |
| 2023 | 133 | $2.8M | $4.6M | $9,981 |
| 2022 | 146 | $2.4M | $4.1M | $20,977 |
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 |
|---|---|---|---|---|
| CONNIE HENRY | Other Service Provider | $156,422 | — | $156,422 |
| SEGAL COMPANY | Other Service Provider | $58,500 | — | $58,500 |
| WEAVER AND TIDWELL, LLP | Auditor | $33,335 | — | $33,335 |
| LERNER LAW FIRM | Other Service Provider | $31,765 | — | $31,765 |
| GORLICK, KRAVITZ, LISTHAUS PC | Other Service Provider | $10,239 | — | $10,239 |
| MSI TECHNOLOGIES, LLC | Other Service Provider | $9,970 | — | $9,970 |
| MERRILL LYNCH | Other Service Provider | $6,537 | — | $6,537 |
| SYNTONIC SYSTEMS, INC. | Other Service Provider | $5,600 | — | $5,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER AND TIDWELL, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $312,368
- Estimated Expense Ratio: 8.803% 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 | $281,639 | $6,537 | — | $25,000 | — |
| 2023 | $384,466 | $6,593 | — | $36,780 | — |
| 2022 | $464,498 | $7,961 | — | — | $320,743 |