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Filing year 2023

HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY WELFARE FUND

Newark, New Jersey·EIN 22-1481564·9
Total revenue
$240.9M
Total assets
$350.2M
Total expenses
$230.6M
Reported officers
17
Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE HEALTH AND OTHER BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS.

Executive compensation, broken down

Form 990 · Schedule J · 7 reported individuals · Filing year 2023

General Manager
officer (unspecified)
$324k
$364k
Base
$235k
Bonus
Other
$4k
Benefits
$22k
Legal Services
highest compensated employee
$321k
$360k
Base
$231k
Bonus
Other
$5k
Benefits
$22k
Legal Services
highest compensated employee
$293k
$329k
Base
$202k
Bonus
Other
$8k
Benefits
$22k
Finance Manager
highest compensated employee
$267k
$300k
Base
$186k
Bonus
Other
Benefits
$22k
Asst. General Mgr
officer (unspecified)
$238k
$267k
Base
$162k
Bonus
Other
$3k
Benefits
$22k
Manager
highest compensated employee
$232k
$260k
Base
$152k
Bonus
Other
$2k
Benefits
$22k
Collections Auditor
highest compensated employee
$231k
$259k
Base
$152k
Bonus
Other
$874
Benefits
$22k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Up 4%
from 2022

From $310k in 2022 to $324k in 2023.

$310k
2022
$324k
2023
In today's dollarsEst.
Roughly flat in real terms$362k to $364k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HEAVY & GENERAL LABORERS LOCAL 472 & LOCAL 172 OF NEW JERSEY WELFARE FUND reported revenue and expenses across 2 filing years.

RevenueExpenses
$226.6M
$215.7M
2022
$240.9M
$230.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
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