Plan Snapshot
- Plan Sponsor: Union Mutual Medical Fund
- Sponsor EIN: 222241328
- Sponsor Address: 111 JOHN STREET 450, NEW YORK, NY, 10038
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 227
- Total Assets: $375,693
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 | 227 | $375,693 | $0 | $0 |
| 2023 | 251 | $854,969 | $0 | $0 |
| 2022 | 265 | $1.3M | $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 |
|---|---|---|---|---|
| SYNTONIC SYSTEMS, INC. | Recordkeeper | $96,621 | — | $96,621 |
| ZELIN & ASSOCIATES CPA LLC | Auditor | $45,995 | — | $45,995 |
| PALMER-TANNO AGENCY, INC. | Insurance Carrier | $23,124 | — | $23,124 |
| LEON SILVERMAN | Custodian / Trustee | $5,000 | — | $5,000 |
| LOUIS FLACKS | Custodian / Trustee | $5,000 | — | $5,000 |
| PAUL BERKMAN | Custodian / Trustee | $5,000 | — | $5,000 |
| SYLVIA PARR | Custodian / Trustee | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $185,740
- Estimated Expense Ratio: 49.439% 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 | $233,218 | $2,560 | $96,621 | $29,000 | — |
| 2023 | $202,019 | $4,478 | $96,000 | $29,000 | — |
| 2022 | $201,032 | $6,017 | $96,000 | — | $61,329 |