Plan Snapshot
- Plan Sponsor: Northeastern New York District Council Pipefitters Welfare Fund
- Sponsor EIN: 141418020
- Sponsor Address: P.O. BOX 312, GLENS FALLS, NY, 12801
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 337
- Total Assets: $45.8M
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 | 337 | $45.8M | $4.3M | $28,069 |
| 2023 | 325 | $42.7M | $4.7M | $31,624 |
| 2022 | 332 | $38.8M | $5.1M | $34,831 |
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 |
|---|---|---|---|---|
| CHRISTOPHER BAXTER | Other Service Provider | $100,640 | — | $100,640 |
| KETHEM NOVICK | Other Service Provider | $84,287 | — | $84,287 |
| BOLTON PARTNERS NORTHEAST, INC. | Other Service Provider | $46,125 | — | $46,125 |
| COLUMBIA MANAGEMENT | Investment Advisor | $45,486 | — | $45,486 |
| EXPRESS SCRIPTS | Other Service Provider | $40,709 | — | $40,709 |
| BANK OF AMERICA | Other Service Provider | $34,685 | — | $34,685 |
| KRAKOW SOURIS & LANDRY. LLC | Other Service Provider | $18,000 | — | $18,000 |
| D'ARCANGELO & CO., LLP | Other Service Provider | $16,400 | — | $16,400 |
| JOSEPH W. MCCARTHY & ASSOCS. SPECIA | Other Service Provider | $15,650 | — | $15,650 |
| LOOMIS SAYLES | Other Service Provider | $7,365 | — | $7,365 |
| BOSTON PARTNERS | Other Service Provider | $7,120 | — | $7,120 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COLUMBIA MANAGEMENT — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $416,467
- Estimated Expense Ratio: 0.909% 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 | $570,300 | $94,683 | $140,474 | $16,400 | — |
| 2023 | $673,607 | $173,181 | $145,741 | $15,900 | — |
| 2022 | $620,540 | $144,611 | — | — | $92,564 |