Plan Snapshot
- Plan Sponsor: Board Of Trustees, Teamsters Retirement Pension Plan
- Sponsor EIN: 416047047
- Sponsor Address: 3001 METRO DR STE 500, BLOOMINGTON, MN, 55425
- Plan Type: DB
- Total Participants: 1,399
- Total Assets: $506.4M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,399 | $506.4M | $23.4M | $0 |
| 2023 | 1,305 | $446.2M | $22.5M | $0 |
| 2022 | 1,295 | $422.6M | $21.6M | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $317,195 | — | $317,195 |
| THE SEGAL COMPANY (MIDWEST), INC | Other Service Provider | $250,080 | — | $250,080 |
| ASB CAPITAL MANAGEMENT, LLC | Other Service Provider | $172,788 | — | $172,788 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $138,000 | — | $138,000 |
| UNION BANK & TRUST | ERISA Attorney | $110,670 | — | $110,670 |
| MARQUETTE ASSOCIATES | Other Service Provider | $105,500 | — | $105,500 |
| CONGRESS ASSET MANAGEMENT COMPANY | Other Service Provider | $101,334 | — | $101,334 |
| GREAT LAKES INVESTMENT MANAGERS | Other Service Provider | $51,945 | — | $51,945 |
| BARLOW COUGHRAN MORALES & JOSEPHSON | Other Service Provider | $48,000 | — | $48,000 |
| MILLER KAPLAN ARASE LLP | Auditor | $37,850 | — | $37,850 |
| USI | Other Service Provider | — | $9,211 | $9,211 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK & TRUST — ERISA Attorney
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,342,573
- Estimated Expense Ratio: 0.265% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,536,614 | $748,767 | $138,000 | $37,850 | — |
| 2023 | $1,277,788 | $704,705 | $130,800 | $33,450 | — |
| 2022 | $1,290,262 | $732,126 | $127,200 | — | $267,533 |