Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Teamsters Local 1164 Welfare Fund
- Sponsor EIN: 346529411
- Sponsor Address: 3236 WEST 25TH STREET, CLEVELAND, OH, 441091668
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 340
- Total Assets: $4.4M
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 | 340 | $4.4M | $4.7M | $600,320 |
| 2023 | 340 | $4.9M | $4.6M | $357,017 |
| 2022 | 325 | $5.3M | $4.3M | $367,998 |
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 |
|---|---|---|---|---|
| MEDICAL MUTUAL OF OHIO | Other Service Provider | $183,893 | — | $183,893 |
| ISRAEL JOHNSON | Other Service Provider | $58,668 | — | $58,668 |
| TEAMSTERS LOCAL 1164 | Other Service Provider | $56,708 | — | $56,708 |
| J. SCHAEFER & COMPANY LLC | Auditor | $15,568 | — | $15,568 |
| BOYD WATTERSON | Other Service Provider | $14,896 | — | $14,896 |
| THE SEGAL COMPANY | Other Service Provider | $8,021 | — | $8,021 |
| PAUL MILLER | Other Service Provider | $5,600 | — | $5,600 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- J. SCHAEFER & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $343,354
- Estimated Expense Ratio: 7.750% 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 | $559,843 | — | — | $15,568 | — |
| 2023 | $349,012 | $10,673 | $207,340 | $15,499 | — |
| 2022 | $313,390 | $12,378 | $180,877 | — | $23,912 |