# The Business Council Of New York State, INC. Insurance Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/the-business-council-of-new-york-state-inc-insurance-fund-146034807-501

> The Business Council Of New York State, INC. Insurance Fund's Health & Welfare plan: 151,182 participants, plan year 2024 financials, providers, and benchmar…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Business Council Of New York State, INC. Insurance Fund

- **Sponsor EIN:** 146034807

- **Sponsor Address:** 12 CORPORATE WOODS BLVD., ALBANY, NY, 122112344

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 151,182

- **Total Assets:** $6.4M

## 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|151,182|$6.4M|$0|$0|

| 2023|156,174|$6.0M|$0|$0|

| 2022|155,503|$6.5M|$0|$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|

| THE BUSINESS COUNCIL OF NYS, INC.|Other Service Provider|$1,916,424|—|$1,916,424|

| BST & CO., CPAS, LLP|Auditor|$31,501|—|$31,501|

| JP MORGAN CHASE BANK NA|Other Service Provider|$24,486|—|$24,486|

| MICHAEL DOYLE|Custodian / Trustee|$21,645|—|$21,645|

| SIGMA CONSULTANTS, INC|Other Service Provider|$10,500|—|$10,500|

| BARCLAY DAMON LLP|ERISA Attorney|$10,355|—|$10,355|

| HEIDI A. NAULEAU|Custodian / Trustee|$8,782|—|$8,782|

| ROBERT DUFFY|Custodian / Trustee|$8,334|—|$8,334|

| BENEFIT ASSOCIATES, INC.|Other Service Provider|$7,970|—|$7,970|

| ROBERT NEIL|Custodian / Trustee|$6,836|—|$6,836|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BST & CO., CPAS, LLP](https://planprovider.pro/provider/bst-and-co-cpas-llp) — Auditor

- [BARCLAY DAMON LLP](https://planprovider.pro/provider/barclay-damon-llp) — ERISA Attorney

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,046,833

- **Estimated Expense Ratio:** 32.048% 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|$2,634,165|$25,466|—|$31,501|—|

| 2023|$3,465,149|$23,888|—|$29,900|—|

| 2022|$3,527,891|$32,398|—|—|$168,066|

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