2023 Form 5500 filing — Laborers Local 1298 Of Nassau & Suffolk Counties Welfare Fund
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20250414162725NAL0000917443001) for Laborers Local 1298 Of Nassau & Suffolk Counties Welfare Fund, reported by Board Of Trustees Local 1298 Welfare Fund under EIN 11-1628171 and plan number 501. It reports 1,430 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250414162725NAL0000917443001
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Board Of Trustees Local 1298 Welfare Fund
- EIN
- 11-1628171
- Plan number
- 501
- Location
- Hempstead, NY
- Participants
- 1,430
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $48,874,436
- Total liabilities (EOY)
- $14,437,237
- Net assets (EOY)
- $34,437,199
- Employer contributions
- $36,152,976
- Participant contributions
- $856,069
- Total income / additions
- $39,871,196
- Benefits paid
- $34,542,598
- Administrative expenses
- $2,927,307
- Total expenses
- $37,469,905
- Net increase / (decrease)
- $2,401,291
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Magnacare Administrative Services | CLAIMS PROCESSING | $1,083,850 | $0 |
| Annalisa Defalco | PLAN ADMINISTRATOR | $175,963 | not reported in the loaded dataset |
| Samantha Layton | EMPLOYEE | $151,980 | not reported in the loaded dataset |
| Barnes, Iaccarino & Shepherd Llp | ATTORNEY | $134,588 | not reported in the loaded dataset |
| James Cornell | EMPLOYEE | $116,739 | not reported in the loaded dataset |
| Robin Sherman | EMPLOYEE | $109,435 | not reported in the loaded dataset |
| The Segal Company, Inc. | ACTUARIAL | $106,544 | $0 |
| Reyna Mendez | EMPLOYEE | $106,406 | not reported in the loaded dataset |
| Workforce Assistance Programs | EAP SERVICES | $53,900 | not reported in the loaded dataset |
| D.D. Services, Inc. | CLAIMS PROCESSING | $47,845 | not reported in the loaded dataset |
| Gettry Marcus Cpa P.C. | ACCOUNTANT | $42,551 | not reported in the loaded dataset |
| Rebecca Cornell | EMPLOYEE | $41,515 | not reported in the loaded dataset |
| Citrin Cooperman & Company Llp | ACCOUNTANT | $37,264 | not reported in the loaded dataset |
| Amalgamated Employee Benefits Admin | CLAIMS PROCESSING | $36,900 | not reported in the loaded dataset |
| Tpa Corporation | COMPUTER CONSULTANT | $31,954 | not reported in the loaded dataset |
| Boyd Watterson Asset Mgmt LLC | CUSTODIAN-MANAGER | $28,944 | not reported in the loaded dataset |
| Dana Flynn | EMPLOYEE | $27,959 | not reported in the loaded dataset |
| Citrin Cooperman Advisors LLC | ACCOUNTANT | $21,730 | not reported in the loaded dataset |
| M&T Bank Trust & Pension Services | INVESTMENT CUSTODIAN | $21,639 | $0 |
| Reynolds Consulting Services | INVESTMENT CONSULTANT | $20,003 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | CUSTODIAN-MANAGER | $15,888 | not reported in the loaded dataset |
| Hess Technology Consulting | COMPUTER CONSULTANT | $15,124 | not reported in the loaded dataset |
| Heartscan Services, Inc. | DIAGNOSTIC SERVICE | $11,750 | not reported in the loaded dataset |
| The Bank Of New York Mellon | CUSTODIAN-MANAGER | $7,337 | $0 |