Plan Snapshot
- Plan Sponsor: Board Of Trustees, Teamsters Joint Council 32 -
- Sponsor EIN: 410855601
- Sponsor Address: 3001 METRO DR STE 500, BLOOMINGTON, MN, 55425
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,447
- Total Assets: $81.5M
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 | 3,447 | $81.5M | $68.2M | $3.1M |
| 2023 | 3,419 | $74.7M | $67.1M | $3.1M |
| 2022 | 3,506 | $66.7M | $66.4M | $2.9M |
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 |
|---|---|---|---|---|
| UMR, INC. | Other Service Provider | $1,048,733 | — | $1,048,733 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $966,717 | — | $966,717 |
| DELTA DENTAL | Other Service Provider | $391,145 | — | $391,145 |
| UNITED ACTUARIAL SERVICES, INC. | Other Service Provider | $119,750 | — | $119,750 |
| UNION BANK AND TRUST | ERISA Attorney | $89,852 | — | $89,852 |
| NATIONAL INVESTMENT SERVICES, LLC | Other Service Provider | $79,324 | — | $79,324 |
| BARLOW COUGHRAN MORALES & JOSEPHSON | Other Service Provider | $66,000 | — | $66,000 |
| ANDREW, BRANSKY, & POOLE, P.A. | Other Service Provider | $58,967 | — | $58,967 |
| VISION SERVICE PLAN | Other Service Provider | $53,686 | — | $53,686 |
| SWORD HEALTH | Other Service Provider | $43,650 | — | $43,650 |
| MILLER KAPLAN ARASE LLP | Auditor | $38,200 | — | $38,200 |
| MARQUETTE ASSOCIATES | Other Service Provider | $17,500 | — | $17,500 |
| ST CROIX PRESS | Other Service Provider | $8,269 | — | $8,269 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UNION BANK AND 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: $2,981,793
- Estimated Expense Ratio: 3.659% 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 | $1,506,892 | $96,824 | $966,717 | $29,200 | — |
| 2023 | $1,375,154 | $71,570 | $894,295 | $29,200 | — |
| 2022 | $1,384,982 | $75,527 | $880,411 | — | $366,748 |