Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Teamsters Local No. 377 Health & Welfare Fund
- Sponsor EIN: 340755508
- Sponsor Address: 9665 ROCKSIDE ROAD, VALLEY VIEW, OH, 44125
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 378
- Total Assets: $11.2M
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 | 378 | $11.2M | $6.4M | $23,223 |
| 2023 | 378 | $10.7M | $7.2M | $4,770 |
| 2022 | 468 | $9.8M | $7.4M | $10,568 |
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 |
|---|---|---|---|---|
| ANTHEM COMMUNITY INSURANCE CO | Other Service Provider | $314,698 | — | $314,698 |
| BENESYS | Other Service Provider | $209,847 | — | $209,847 |
| THE SEGAL COMPANY | Other Service Provider | $76,528 | — | $76,528 |
| PACKER THOMAS | Auditor | $36,725 | — | $36,725 |
| FAULKNER, HOFFMAN & PHILLIPS, LLC | Other Service Provider | $28,091 | — | $28,091 |
| MORGAN STANLEY SMITH BARNEY LLC | Recordkeeper | $12,000 | — | $12,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PACKER THOMAS — Auditor
- MORGAN STANLEY SMITH BARNEY LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $677,889
- Estimated Expense Ratio: 6.036% 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 | $408,454 | $16,665 | $209,847 | — | — |
| 2023 | $379,535 | $18,287 | $185,490 | — | — |
| 2022 | $344,786 | $13,477 | $181,360 | — | $107,549 |