# Trustees Of Laborers Local 785 Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-laborers-local-785-welfare-fund-166054286-501

> Trustees Of Laborers Local 785 Welfare Fund's 401(k) plan: 289 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/bonadio-and-co-llp) — Auditor

- [LIPSITZ GREEN SCIME CAMBRIA LLP](https://planprovider.pro/provider/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|

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