# National Cleaners Association, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/national-cleaners-association-inc-135562923-501

> National Cleaners Association, INC.'s Health & Welfare plan: 89 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/raymond-james-financial-inc) — Investment Advisor

- [GOULD, KOBRICK & SCHLAPP, P.C.](https://planprovider.pro/provider/gould-kobrick-and-schlapp-pc) — 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|

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