Plan Snapshot
- Plan Sponsor: United Benefit Fund
- Sponsor EIN: 562423802
- Sponsor Address: 40-26 235TH ST., DOUGLASTON, NY, 11363
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,621
- Total Assets: $42.7M
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 | 2,621 | $42.7M | $35.0M | $346,181 |
| 2023 | 2,581 | $37.1M | $32.0M | $293,266 |
| 2022 | 2,755 | $32.8M | $30.6M | $240,389 |
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 |
|---|---|---|---|---|
| MERITAIN | Other Service Provider | $1,330,749 | — | $1,330,749 |
| SUNNY MEDICAL | Other Service Provider | $373,259 | — | $373,259 |
| JEANNA TALAMO | Custodian / Trustee | $133,273 | — | $133,273 |
| DEAN DELUCIA | Other Service Provider | $109,322 | — | $109,322 |
| GORLICK, KRAVITZ & LISTHAUS PC | Other Service Provider | $108,650 | — | $108,650 |
| IT ON DEMAND | Other Service Provider | $87,371 | — | $87,371 |
| RITA DELUCIA | Other Service Provider | $78,994 | — | $78,994 |
| DANIELLE PARCO | Other Service Provider | $67,275 | — | $67,275 |
| OWEN&BRUCE, LLC | Other Service Provider | $59,337 | — | $59,337 |
| DAISY LEAL GARCIA | Other Service Provider | $50,270 | — | $50,270 |
| BUCK GLOBAL LLC | Other Service Provider | $45,000 | — | $45,000 |
| SYNTONICS SYSTEMS, INC. | Other Service Provider | $44,500 | — | $44,500 |
| ALAN HERWECK | Other Service Provider | $37,428 | — | $37,428 |
| HILB GROUP | Other Service Provider | $37,063 | — | $37,063 |
| FIRST ACTUARIAL CONSULTING | Other Service Provider | $36,000 | — | $36,000 |
| MARINER | Other Service Provider | $33,000 | — | $33,000 |
| CASTIGLIA LLP | Other Service Provider | $30,000 | — | $30,000 |
| MAUREEN BARRETT | Other Service Provider | $29,293 | — | $29,293 |
| FANGAP LLC | Other Service Provider | $24,000 | — | $24,000 |
| CROWLEY CONSULTANTS | Other Service Provider | $23,100 | — | $23,100 |
| SELE-DENT INC | Other Service Provider | $17,983 | — | $17,983 |
| GENERAL VISION SERVICES | Other Service Provider | $10,626 | — | $10,626 |
| ROBERT ALLGIER | Other Service Provider | $6,000 | — | $6,000 |
| WILMINGTON TRUST | Other Service Provider | $5,010 | — | $5,010 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,777,503
- Estimated Expense Ratio: 6.512% 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 | $3,040,074 | $33,000 | $1,359,358 | $30,000 | — |
| 2023 | $2,914,547 | $33,000 | $1,344,969 | $30,000 | — |
| 2022 | $3,063,898 | $45,260 | $1,436,329 | — | $246,275 |