Plan Snapshot
- Plan Sponsor: Rochester Laborers' Welfare - Sub Fund Unemployment Benefit Fund
- Sponsor EIN: 160821557
- Sponsor Address: 18 FOURTH STREET, ROCHESTER, NY, 14069
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 672
- Total Assets: $25.5M
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. |
|---|---|---|---|---|
| 2025 | 672 | $25.5M | $0 | $0 |
| 2024 | 725 | $23.2M | $10.6M | $86,360 |
| 2023 | 586 | $22.3M | $9.2M | $103,642 |
| 2022 | 595 | $21.1M | $8.3M | $119,436 |
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 |
|---|---|---|---|---|
| OPTUM RX, INC. | Other Service Provider | $2,230,409 | — | $2,230,409 |
| EXCELLUS BLUECROSS BLUESHIELD | Other Service Provider | $325,607 | — | $325,607 |
| ASHER KELLY | Other Service Provider | $126,962 | — | $126,962 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $116,864 | — | $116,864 |
| ARCARA ZUCARELLI LENDA & ASSOCIATES | Other Service Provider | $104,296 | — | $104,296 |
| M. DEL PRETE | Other Service Provider | $102,226 | — | $102,226 |
| J. VIBBER | Other Service Provider | $55,827 | — | $55,827 |
| ROCHESTER LABORERS BUILDING CORP | Other Service Provider | $53,482 | — | $53,482 |
| M. WHITE | Other Service Provider | $45,159 | — | $45,159 |
| N. TUGGLES | Other Service Provider | $43,488 | — | $43,488 |
| O'SULLIVAN ASSOCIATES, INC. | Other Service Provider | $40,233 | — | $40,233 |
| BONADIO & CO., LLP | Other Service Provider | $35,233 | — | $35,233 |
| LIFETIME BENEFIT SOLUTIONS | Other Service Provider | $28,263 | — | $28,263 |
| EMERGING TEL CORP | Other Service Provider | $23,849 | — | $23,849 |
| BEACON SOLUTIONS | Other Service Provider | $20,000 | — | $20,000 |
| MORGANSTANLEY SMITHBARNEY LLC | Other Service Provider | $14,844 | — | $14,844 |
| KARPUS INVESTMENT MANAGEMENT | Other Service Provider | $13,322 | — | $13,322 |
| QUADIENT FINANCE, USA | Other Service Provider | $13,156 | — | $13,156 |
| POLEN CAPITAL | Other Service Provider | $8,285 | — | $8,285 |
| DOLAN MCENIRY CAPITAL MANAGEMENT | Other Service Provider | $7,621 | — | $7,621 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,409,126
- Estimated Expense Ratio: 13.389% 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 |
|---|---|---|---|---|---|
| 2025 | $11,397,983 | $59,840 | — | $35,233 | — |
| 2024 | $1,192,565 | $54,419 | — | $32,639 | — |
| 2023 | $1,050,122 | $55,830 | — | $38,798 | — |
| 2022 | $1,026,514 | $57,045 | — | — | $304,010 |