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Original filing (PDF)20251015144456NAL0005172225003
LAUNDRY & DRY CLEANING WORKERS EDUCATION & LEGAL ASSISTANCE FUND, WORK
Form 5500
FILING_RECEIVED
LAUNDRY AND DRY CLEANING WORKERS, EDUCATION AND LEGAL ASSISTANCE FUND WORKERS UNITED
Health & welfare plan
Signals · 3
90% in single holding~2217 bps in Sched C feesNo recordkeeper disclosed
Active participants
2,872
Accounts w/ balance
—
Plan assets (EOY)
$1.2M
Net assets (EOY)
$1.2M
How this plan invests
This plan
3 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 "BlackRock Global Allocation Fund" is 90% of plan.
- 2217 bps in Schedule C fees — 4163% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for LAUNDRY & DRY CLEANING WORKERS EDUCATION & LEGAL ASSISTANCE FUND, WORK.
Plan sponsor
Name
LAUNDRY & DRY CLEANING WORKERS EDUCATION & LEGAL ASSISTANCE FUND, WORK
DBA
LEGAL ASS. FUND WORKERS UNITED
EIN
20-1072118
Address
333 WESTCHESTER AVENUE · WHITE PLAINS, NY · 106042910
Phone
(914) 367-5000
Industry
Other Services (ex. Public Admin)see 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
2025-10-15
Welfare benefit codes
4G · Prepaid Legal
4K · Scholarship (Funded)
Audit & trust (Schedule H)
Auditor
NOVAK FRANCELLA, LLC
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| FELDMAN, KRAMER & MONACO PC | 11-2543403 | — | NONE | $156K | — |
| SCHULTE ROTH & ZABEL LLP | 13-2633996 | — | NONE | $96K | — |
| NOVAK FRANCELLA LLC | 61-1436956 | — | NONE | $18K | — |
Investments
3 direct securities· $983K(81% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| BlackRock Global Allocation Fund | — | — | $992K | $881K | 72.4% | |
| Baird Short-Term Bond Fund | — | — | $100K | $99K | 8.2% | |
| Amalgamated Bank Interest Bearing Account IBA Demand Various % | — | — | $2K | $2K | 0.2% |