Plan Snapshot
- Plan Sponsor: National Cleaners Association, INC.
- Sponsor EIN: 135562923
- Sponsor Address: 2218 BROADWAY FRNT 2, NEW YORK, NY, 10024
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 89
- 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 | 89 | $3.1M | $1.7M | $12,408 |
| 2023 | 94 | $3.1M | $1.7M | $22,598 |
| 2022 | 97 | $2.8M | $1.6M | $58,381 |
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 |
|---|---|---|---|---|
| THE RMG GROUP, INC. | Other Service Provider | $55,820 | — | $55,820 |
| CIGNA HEALTH AND LIFE INSURANCE | Other Service Provider | $55,229 | — | $55,229 |
| NATIONAL CLEANERS ASSOCIATION | Other Service Provider | $37,526 | — | $37,526 |
| EMPIRX HEALTH | Other Service Provider | $33,275 | — | $33,275 |
| ARIA EMPLOYEE BENEFITS SERVICES INC | Other Service Provider | $30,622 | — | $30,622 |
| FEDERATION PENSION BUREAU | Other Service Provider | $28,320 | — | $28,320 |
| RAYMOND JAMES FINANCIAL SERVICES | Investment Advisor | $27,291 | — | $27,291 |
| GOULD, KOBRICK & SCHLAPP, P.C. | Auditor | $25,000 | — | $25,000 |
| BANKCARD MERCHANT SERVICES | Other Service Provider | $18,018 | — | $18,018 |
| HOLM & OHARA, LLP | Other Service Provider | $12,833 | — | $12,833 |
| CREATIVE MARKETING CLINIC | Other Service Provider | $6,975 | — | $6,975 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RAYMOND JAMES FINANCIAL SERVICES — Investment Advisor
- GOULD, KOBRICK & SCHLAPP, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $330,909
- Estimated Expense Ratio: 10.541% 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 | $375,734 | — | $157,351 | $25,000 | — |
| 2023 | $395,616 | $24,409 | $194,928 | $25,000 | — |
| 2022 | $317,599 | $24,781 | $130,108 | — | $86,739 |