Plan Snapshot
- Plan Sponsor: Trustees Of Laborers Local 785 Welfare Fund
- Sponsor EIN: 166054286
- Sponsor Address: 622 W. STATE STREET, ITHACA, NY, 14850
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 289
- Total Assets: $12.9M
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 | 289 | $12.9M | $5.2M | $49,502 |
| 2023 | 302 | $11.1M | $4.5M | $92,733 |
| 2022 | 307 | $10.3M | $4.2M | $89,546 |
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 |
|---|---|---|---|---|
| EXCELLUS BLUECROSS BLUESHIELD | Other Service Provider | $221,135 | — | $221,135 |
| PROACT | Other Service Provider | $48,741 | — | $48,741 |
| CORNELL POCHILY | Other Service Provider | $48,079 | — | $48,079 |
| BONADIO & CO., LLP | Auditor | $30,378 | — | $30,378 |
| DELTA DENTAL OF NEW YORK | Other Service Provider | $24,480 | — | $24,480 |
| O'SULLIVAN ASSOCIATES | Other Service Provider | $12,750 | — | $12,750 |
| LIPSITZ GREEN SCIME CAMBRIA LLP | ERISA Attorney | $11,543 | — | $11,543 |
| LOCAL 785 BUILDING CORP | Other Service Provider | $7,800 | — | $7,800 |
| DAVIS VISION | Other Service Provider | $5,212 | — | $5,212 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BONADIO & CO., LLP — Auditor
- LIPSITZ GREEN SCIME CAMBRIA LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $410,118
- Estimated Expense Ratio: 3.173% 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 | $616,598 | $48,079 | $364,322 | $19,320 | — |
| 2023 | $611,472 | $42,688 | $361,325 | $19,320 | — |
| 2022 | $542,852 | $45,835 | $300,183 | — | $54,235 |