Plan Snapshot
- Plan Sponsor: New York Hotel Trades Council & Affiliat Staff Insurance Fund
- Sponsor EIN: 131531223
- Sponsor Address: 305 WEST 44TH STREET, NEW YORK, NY, 10036
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,064
- Total Assets: $10.4M
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 | 1,064 | $10.4M | $16.1M | $129,291 |
| 2023 | 1,031 | $14.6M | $14.0M | $120,380 |
| 2022 | 898 | $12.0M | $11.0M | $149,362 |
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 |
|---|---|---|---|---|
| HARTFORD LIFE AND ACCIDENT | Insurance Carrier | $568,485 | — | $568,485 |
| ANTHEM BLUE CROSS & BLUE SHIELD | Other Service Provider | $506,826 | — | $506,826 |
| THE STANDARD LIFE INSURANCE COMPANY | Insurance Carrier | $494,361 | — | $494,361 |
| NY HTC&HA OF NYC HEALTH CENTER INC. | Other Service Provider | $464,123 | — | $464,123 |
| JOHN HANCOCK LIFE INSURANCE COMPANY | Insurance Carrier | $42,975 | — | $42,975 |
| MSPC | Auditor | $9,000 | — | $9,000 |
| PITTA LLP | ERISA Attorney | $6,627 | — | $6,627 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMPANY — Insurance Carrier
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,092,397
- Estimated Expense Ratio: 20.142% 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 | $742,810 | — | $464,123 | $9,000 | — |
| 2023 | $681,605 | — | $423,027 | $9,000 | — |
| 2022 | $585,030 | — | $383,209 | — | $14,076 |