Plan Snapshot
- Plan Sponsor: United Crafts Benefits Fund Board Of Trustees
- Sponsor EIN: 112252603
- Sponsor Address: 415 WILLIS AVENUE, WILLISTON PARK, NY, 11596
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,702
- Total Assets: $111.1M
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. |
|---|---|---|---|---|
| 2025 | 2,702 | $111.1M | $0 | $0 |
| 2024 | 2,673 | $117.9M | $21.8M | $0 |
| 2023 | 2,496 | $119.3M | $20.1M | $0 |
| 2022 | 2,514 | $117.1M | $20.6M | $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 |
|---|---|---|---|---|
| OPTUM RX, INC. | Other Service Provider | $6,154,010 | $48,015 | $6,202,025 |
| EMPIRE HEALTH CHOICE HMO, INC. | Other Service Provider | $1,317,677 | — | $1,317,677 |
| BARBARA ALBERGO | Other Service Provider | $170,800 | — | $170,800 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $147,467 | — | $147,467 |
| INVESCO | Other Service Provider | $93,909 | — | $93,909 |
| SELE-DENT, INC. | Other Service Provider | $87,175 | — | $87,175 |
| COLUMBIA THREADNEEDLE | Other Service Provider | — | $86,716 | $86,716 |
| ROSA CASTRO | Other Service Provider | $59,444 | — | $59,444 |
| THE SEGAL COMPANY | Other Service Provider | $57,282 | — | $57,282 |
| QUAN VEST | Other Service Provider | $55,992 | — | $55,992 |
| ASB CAPITAL MANAGEMENT LLC | Other Service Provider | $54,886 | — | $54,886 |
| MARY BETH PERRO | Other Service Provider | $50,800 | — | $50,800 |
| BARNES, IACCARINO & SHEPHERD | Other Service Provider | $47,500 | — | $47,500 |
| LH ROSOFF & COMPANY, LLP | Other Service Provider | $31,000 | — | $31,000 |
| ILDER VELASQUEZ | Other Service Provider | $27,594 | — | $27,594 |
| BANK OF AMERICA | Other Service Provider | $22,118 | — | $22,118 |
| STEWART ALTMAN & ASSOC. | Other Service Provider | $18,000 | — | $18,000 |
| DEBORAH SCIORTINO | Other Service Provider | $17,500 | — | $17,500 |
| ALEJANDRO A. GONZALEZ | Other Service Provider | $9,150 | — | $9,150 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $8,557,035
- Estimated Expense Ratio: 7.702% 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 |
|---|---|---|---|---|---|
| 2025 | $34,863,313 | $318,713 | $1,404,852 | $31,000 | — |
| 2024 | $2,633,677 | $334,132 | $1,385,497 | $30,000 | — |
| 2023 | $2,547,580 | $380,383 | $1,303,434 | $30,000 | — |
| 2022 | $2,515,825 | $323,071 | $1,331,794 | — | $119,085 |