Plan Snapshot
- Plan Sponsor: Board Of Trustees - Northern New Jersey Teamsters Benefit Plan
- Sponsor EIN: 226082349
- Sponsor Address: 810 BELMONT AVENUE, SUITE 100, NORTH HALEDON, NJ, 075082396
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,496
- Total Assets: $56.1M
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 | 1,496 | $56.1M | $33.9M | $159,744 |
| 2023 | 1,605 | $53.2M | $32.9M | $124,317 |
| 2022 | 1,689 | $46.4M | $32.5M | $141,251 |
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 |
|---|---|---|---|---|
| HORIZON HEALTHCARE SERVICES INC | Other Service Provider | $876,477 | — | $876,477 |
| PAYER MATRIX | Other Service Provider | $289,151 | — | $289,151 |
| STACEY BRAUN ASSOCIATES INC. | Other Service Provider | $222,236 | — | $222,236 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $174,387 | — | $174,387 |
| SALVATRICE VERILLO | Other Service Provider | $145,013 | — | $145,013 |
| ZELIS CLAIMS INTEGRITY | Other Service Provider | $135,435 | — | $135,435 |
| MICHELE PROCHOV | Other Service Provider | $131,158 | — | $131,158 |
| MICHALINA PACYNA | Other Service Provider | $103,684 | — | $103,684 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $90,230 | — | $90,230 |
| SILVANA TURDO | Other Service Provider | $81,591 | — | $81,591 |
| NICOLE GRABINSKI | Other Service Provider | $79,291 | — | $79,291 |
| KROLL HEINEMAN GIBLIN | Other Service Provider | $76,382 | — | $76,382 |
| DAWN CARMODY ITRI | Other Service Provider | $71,052 | — | $71,052 |
| RIFAT RAMDANI | Other Service Provider | $70,113 | — | $70,113 |
| PREMIER TECHNOLOGIES | Other Service Provider | $68,510 | — | $68,510 |
| NICOLE HUERTA | Other Service Provider | $62,802 | — | $62,802 |
| LUZ QUINTERO | Other Service Provider | $61,788 | — | $61,788 |
| WITHUM SMITH & BROWN | Other Service Provider | $61,619 | — | $61,619 |
| MARJORIE FANARRAGEA | Other Service Provider | $58,847 | — | $58,847 |
| MEGAN BARRON | Other Service Provider | $56,055 | — | $56,055 |
| JENNIFER MARRETTA | Other Service Provider | $50,028 | — | $50,028 |
| UNITED REVIEW SERVICES | Other Service Provider | $46,935 | — | $46,935 |
| O'SULLIVAN AND ASSOCIATES | Other Service Provider | $35,400 | — | $35,400 |
| CALIBRE CPA GROUP | Auditor | $30,087 | — | $30,087 |
| CHERYLANN CALISE | Other Service Provider | $26,480 | — | $26,480 |
| BANK OF AMERICA | Other Service Provider | $21,854 | — | $21,854 |
| SCHULTHESIS AND PANNETTIERI | Auditor | $17,750 | — | $17,750 |
| JBM COMPUTER CONSULTANTS | Other Service Provider | $12,195 | — | $12,195 |
| FITZSIMMONS, KRANTZ & ABRAMS | Auditor | $11,597 | — | $11,597 |
| LYNCH & MURRAY | Other Service Provider | $7,950 | — | $7,950 |
| COHEN WEISS & SIMON LLP | Other Service Provider | $7,238 | — | $7,238 |
| HUDSON HARBOUR CONDOMINIUM | Other Service Provider | $5,200 | — | $5,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
- CALIBRE CPA GROUP — Auditor
- SCHULTHESIS AND PANNETTIERI — Auditor
- FITZSIMMONS, KRANTZ & ABRAMS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,188,535
- Estimated Expense Ratio: 5.687% 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 | $4,501,756 | $244,090 | — | $157,614 | — |
| 2023 | $4,485,638 | $212,801 | — | $164,098 | — |
| 2022 | $4,028,590 | $192,090 | — | — | $320,410 |