# Material Yard Workers Local 1175 Welfare Health & Welfare Plan
Source: https://planprovider.pro/companies/material-yard-workers-local-1175-welfare-135679400-501

> Material Yard Workers Local 1175 Welfare's Health & Welfare plan: 143 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

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