Plan Snapshot
- Plan Sponsor: Multifamily Insurance Trust
- Sponsor EIN: 357086833
- Sponsor Address: 4 EXECUTIVE BLVD SUITE 100, SUFFERN, NY, 109014166
- Plan Type: Health & Welfare
- Plan Number: 506
- Total Participants: 567
- Total Assets: $3.1M
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 | 567 | $3.1M | $8.0M | $2.1M |
| 2023 | 584 | $1.3M | $6.4M | $2.3M |
| 2022 | 584 | $1.2M | $6.6M | $2.2M |
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 |
|---|---|---|---|---|
| BENEFITMALL | Other Service Provider | $90,000 | — | $90,000 |
| BENEFIT PLAN MANAGER | Other Service Provider | $72,834 | — | $72,834 |
| BDO USA, P.C. | Auditor | $48,685 | — | $48,685 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $211,519
- Estimated Expense Ratio: 6.918% 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 | $228,771 | $90,000 | $72,834 | $48,685 | — |
| 2023 | $294,624 | $117,000 | $97,981 | $44,036 | — |
| 2022 | $159,966 | — | $64,506 | — | $95,460 |