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Form 5500 · Employee benefit plan · ASTORIA, NY

EXCAVATORS UNION 731 WELFARE

The filing calls this plan EXCAVATORS UNION LOCAL 731 WELFARE FUND.

EXCAVATORS UNION 731 WELFARE of ASTORIA, NY spreads its employee benefits across 4 insurance carriers, according to its Form 5500 Schedule A. Its broker of record is TPG GROUP INC. Coverage is written through AMALGAMATED LIFE INSURANCE COMPANY and 3 other carriers. The plan's most recent policy period ended in December.

Benefits broker of record
Policy year ends
Decemberas filed for plan year 2024

Sourced from U.S. DOL EFAST2 Form 5500 · EIN 13-1615440 · plan 501 · plan year 2024, filed Oct 12, 2025

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3,536 other employer plans in New York have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.

How this plan is funded

Self-funded as reported

The filing reports benefits paid from the plan's own money, and no medical insurance contract on Schedule A.

A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.

All participants at the start of the year
6,418
Active at start of year
4,677
Active at end of year
4,820
Disclosed commissions
$298
Typical renewal
January 1

Benefits declared on this filing

Healthdeclared, no contract here says it covers this
Dentaldeclared, no contract here says it covers this
Visiondeclared, no contract here says it covers this
Lifeinsured — AMALGAMATED LIFE INSURANCE COMPANY6,242 of 6,418 participants (97%)
Disabilityinsured — AMALGAMATED LIFE INSURANCE COMPANY4,510 of 6,418 participants (70%)

4 contracts on this filing do not say which benefits they cover, so a line above may be insured by one of them.

Also declared: supplemental unemployment.

Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.

Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.

Plan brief

Schedule A lists 6 insured contracts covering life and disability; the largest, with AMALGAMATED LIFE INSURANCE COMPANY, covers 6,242 people.

The filing declares life, disability, health, dental and vision. Health, dental and vision appear with no insured contract on Schedule A. That coverage may be self-funded, placed with a carrier that is not on this filing, or written on one of the 4 contracts here that do not say what they cover.

Reported premium across the insured contracts is $4,716,614, with $298 in disclosed broker commissions — about 0% of premium.

The most recent policy period ended in December, and the plan year ends December 31. Group contracts typically renew on that annual cycle.

TPG GROUP INC is the broker of record on 1 of the 6 contracts; the rest name a different broker or none.

Schedule A insurance contracts

CarrierBenefitsCoveredRenewsPremiumCommission
HARTFORD LIFE AND ACCIDENT—12Jan 1, 2025$2,981$298
AMALGAMATED LIFE INSURANCE COMPANYLife6,242Jan 1, 2025$3,199,637$0
AMALGAMATED LIFE INSURANCE COMPANYDisability4,510Jan 1, 2025$1,164,996$0
UNITED AMERICAN INSURANCE COMPANY—67Jan 1, 2025$178,177$0
MEDCO CONTAINMENT INSURANCE COMPANY OF NY—64Jan 1, 2025$170,823$0
HARTFORD LIFE AND ACCIDENT—62Jan 1, 2025—$0

Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.

See the filing at the Department of Labor

Administrator and service providers

Plan administrator on the filing
EXCAVATORS UNION 731 WELFARE
EIN 13-1615440
CASTIGLIA LLP
Accounting and audit · Recordkeeping and information management · EIN 46-2725636
$237,123
paid directly by the plan
SEGAL CO.
Named on Schedule C · EIN 13-1835864
$166,325
paid directly by the plan
CAREMARK
Contract administrator · EIN 75-2888212
$241,761
paid directly by the plan
ATALANTA SOSNOFF CAPITAL, LLC
Named on Schedule C · EIN 20-0461050
$466,984
paid directly by the plan
3P ADMIN SOLUTIONS
Recordkeeping and information management · EIN 45-3938608
$5,600
paid directly by the plan
PIMCO
Named on Schedule C · EIN 33-0629048
$225,289
paid directly by the plan
LERNER LAW
ATTORNEY · EIN 27-3629002
$8,190
paid directly by the plan

The plan administrator is from line 3a of the main form. The service providers are named on Schedule C of this filing. We publish company names only.

Money the plan held and paid out

Plan assets at year end
$1,112,965,398
Paid out in benefits
$217,646,017
Paid to insurance carriersSchedule H, line 2e(2)
$4,794,044
Independent accountantEIN 46-2725636
CASTIGLIA, LLP
Accountant's opinion (Schedule H, line 3a)
Unmodified
Audit fee
$160,045

Sourced from U.S. DOL EFAST2 Form 5500 · Schedule H

These are the plan's own figures from Schedule H, the financial statement it files. They are not the premium on Schedule A.

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Renewal calendar

3,536 other employer plans in New York are January 1 renewals (policy year ends December).

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