Plan Snapshot
- Plan Sponsor: Plumbers Local Union No. 1 Welfare Fund
- Sponsor EIN: 111538293
- Sponsor Address: 50-02 5TH STREET, 2ND FLOOR, LONG ISLAND CITY, NY, 11101
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 2,647
- Total Assets: $350.6M
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 | 2,647 | $350.6M | $90.6M | $921,434 |
| 2023 | 2,782 | $324.3M | $89.3M | $2.0M |
| 2022 | 2,938 | $289.0M | $91.6M | $566,181 |
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 |
|---|---|---|---|---|
| EMPIRE HEALTHCHOICE ASSURANCE INC | Other Service Provider | $1,915,850 | — | $1,915,850 |
| THE SEGAL GROUP | Other Service Provider | $235,548 | — | $235,548 |
| WENDY SALVATIERRA | Other Service Provider | $201,023 | — | $201,023 |
| WALTER SARACENI | Other Service Provider | $177,788 | — | $177,788 |
| GLORIA MATERON | Other Service Provider | $173,544 | — | $173,544 |
| VIRGINIA & AMBINDER, LLP | Other Service Provider | $165,665 | — | $165,665 |
| GARY MONTEMARANO JR. | Other Service Provider | $155,162 | — | $155,162 |
| SCHULTHEIS & PANETTIERI LLP | Auditor | $152,738 | — | $152,738 |
| UNITED BEHAVIORAL HEALTH | Other Service Provider | $139,534 | — | $139,534 |
| O'DONOGHUE & O'DONOGHUE LLP | Other Service Provider | $120,811 | — | $120,811 |
| LINDA SCARPA | Other Service Provider | $118,267 | — | $118,267 |
| MARIA FROGIERO | Other Service Provider | $110,728 | — | $110,728 |
| ANAPA TRISTA GEORGE-CUMMINGS | Other Service Provider | $99,596 | — | $99,596 |
| ROSA BERTOLINI | Other Service Provider | $98,375 | — | $98,375 |
| ERICKA SIMPSON | Other Service Provider | $98,215 | — | $98,215 |
| LAURIE KILLIEBREW | Other Service Provider | $95,511 | — | $95,511 |
| DIANA PETRACCIONE | Other Service Provider | $94,893 | — | $94,893 |
| MALKIA MCLUNE | Other Service Provider | $91,327 | — | $91,327 |
| CIGNA HEALTH & LIFE INSURANCE CO. | Other Service Provider | $89,991 | — | $89,991 |
| KATHLEEN SCARPA | Other Service Provider | $86,244 | — | $86,244 |
| BETSEY PADGETT | Other Service Provider | $82,565 | — | $82,565 |
| SAMANTHA TABALA | Other Service Provider | $81,242 | — | $81,242 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $73,333 | — | $73,333 |
| BANK OF NEW YORK MELLON | Other Service Provider | $67,748 | — | $67,748 |
| STATE STREET GLOBAL ADVISORS TRUST | Other Service Provider | $60,535 | — | $60,535 |
| NOVAK FRANCELLA LLC | Auditor | $56,717 | — | $56,717 |
| KAUFF MCGUIRE & MARGOLIS LLP | Other Service Provider | $55,251 | — | $55,251 |
| ATALANTA SOSNOFF CAPITAL LLC | Other Service Provider | $51,531 | — | $51,531 |
| ROBERTO MARTINEZ | Other Service Provider | $49,048 | — | $49,048 |
| YASMEEN MUSTAFA | Other Service Provider | $44,854 | — | $44,854 |
| PREMIER TECHNOLOGY SOLUTIONS, INC. | Other Service Provider | $43,870 | — | $43,870 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $39,564 | — | $39,564 |
| BRITNEY WATSON | Other Service Provider | $36,970 | — | $36,970 |
| UNION LABOR LIFE INSURANCE COMPANY | Recordkeeper | $21,350 | — | $21,350 |
| SEGAL SELECT INSURANCE SERVICES INC | Other Service Provider | — | $7,590 | $7,590 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI LLP — Auditor
- NOVAK FRANCELLA LLC — Auditor
- UNION LABOR LIFE INSURANCE COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,192,978
- Estimated Expense Ratio: 1.481% 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 | $3,854,136 | $208,249 | — | $56,717 | — |
| 2023 | $3,487,267 | $189,771 | — | $71,649 | — |
| 2022 | $3,492,517 | $240,389 | — | — | $1,305,709 |