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Original filing (PDF)20251012181903NAL0000460417001
AMALGAMATED MEAT CUTTER & RETAIL FOOD EMPLOYEES
Form 5500
FILING_RECEIVED
AMCU & RFSEU LOCAL 342 WELFARE FUND
Health & welfare plan
Signals · 4
100% in single holding~1144 bps in Sched C feesNo recordkeeper disclosed11 service providers
Active participants
1,098
Accounts w/ balance
—
Plan assets (EOY)
$12.8M
Net assets (EOY)
$5.2M
How this plan invests
This plan
1 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Amalgamated Bank MMA Demand Var %" is 100% of plan.
- 1144 bps in Schedule C fees — 3845% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for AMALGAMATED MEAT CUTTER & RETAIL FOOD EMPLOYEES.
Plan sponsor
Name
AMALGAMATED MEAT CUTTER & RETAIL FOOD EMPLOYEES
DBA
UNION LOCAL 342 WELFARE FUND
EIN
11-1896894
Address
1461 LAKELAND AVE., SUITE 1 · BOHEMIA, NY · 11716
Phone
(516) 747-5980
Industry
Supermarkets & Other Grocery Stores· Retail Tradesee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-12
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4U · Dependent Care
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
11 rowsOther
11| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| AMCU & RFSEU LOCAL 342 GROUP LEGAL | 11-2547525 | — | RELATED PARTY | $617K | — |
| MERITAIN HEALTH | 16-1264154 | — | NONE | $417K | — |
| PROSKAUER ROSE LLP | 13-1840454 | — | NONE | $214K | — |
| UFCW LOCAL 342 UNION | 11-1890603 | — | RELATED PARTY | $82K | — |
| MILLMAN INC. | 91-0675641 | — | NONE | $54K | — |
| HEALTHPLEX INC | 11-2714365 | — | NONE | $40K | — |
| NOVAK FRANCELLA LLC | 61-1436956 | — | NONE | $21K | — |
| SOLARUS TECHNOLOGIES | 45-5263753 | — | NONE | $13K | — |
| RONALD STEVENS,MD | 11-1896894 | — | NONE | $7K | — |
| JOCAR ELITE PROFESSIONALS, LLC | 93-3757544 | — | NONE | $0 | — |
| EMMIDIO UNGARO | — | STATEN ISLAND, NY | NONE | $0 | — |
Investments
1 direct security· $4.5M(35% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Amalgamated Bank MMA Demand Var % | — | — | $4.5M | $4.5M | 35.0% |