Plan Snapshot
- Plan Sponsor: Ri Laborers Legal Services Fund Board Of Trustees
- Sponsor EIN: 056052138
- Sponsor Address: 410 SOUTH MAIN STREET SUITE 200, PROVIDENCE, RI, 02903
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 3,360
- Total Assets: $3.6M
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 | 3,360 | $3.6M | $849,769 | $0 |
| 2023 | 3,639 | $3.1M | $711,060 | $0 |
| 2022 | 3,028 | $2.8M | $560,494 | $0 |
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 |
|---|---|---|---|---|
| COIA & LEPORE LTD | Other Service Provider | $454,802 | — | $454,802 |
| DARREN CORRENTE | Other Service Provider | $65,877 | — | $65,877 |
| WARD FISHER & COMPANY LLP | Other Service Provider | $18,600 | — | $18,600 |
| ADMINISTRATION SERVICES INC | Other Service Provider | $8,400 | — | $8,400 |
| FREDERICK MCCLURE | Other Service Provider | $8,000 | — | $8,000 |
| SEGAL COMPANY | Other Service Provider | $7,500 | — | $7,500 |
| SEGAL MARCO ADVISORS | Other Service Provider | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $569,179
- Estimated Expense Ratio: 15.639% 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 | $259,856 | $6,000 | — | $18,600 | — |
| 2023 | $238,686 | $9,500 | — | $18,600 | — |
| 2022 | $232,830 | $9,670 | $63,343 | — | $40,774 |