# Ufcw Local 50-627 Severance Pay Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/ufcw-local-50-627-severance-pay-fund-136415226-501

> Ufcw Local 50-627 Severance Pay Fund's Health & Welfare plan: 146 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Ufcw Local 50-627 Severance Pay Fund

- **Sponsor EIN:** 136415226

- **Sponsor Address:** 1461 LAKELAND AVE. SUITE 1, BOHEMIA, NY, 11716

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 146

- **Total Assets:** $496,827

## 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|146|$496,827|$15,043|$0|

| 2023|146|$489,972|$16,006|$0|

| 2022|130|$487,793|$13,873|$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|

| PROSKAUER ROSE, LLP|ERISA Attorney|$12,088|—|$12,088|

### Verified Provider Profiles

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

- [PROSKAUER ROSE, LLP](https://planprovider.pro/provider/proskauer-rose-llp) — ERISA Attorney

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $12,088

- **Estimated Expense Ratio:** 2.433% 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|$23,922|—|—|$4,400|—|

| 2023|$16,589|—|—|$4,088|—|

| 2022|$15,744|—|—|—|$8,303|

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