# Board Of Trustees, Teamsters Joint Council 32 - 401(k) Plan
Source: https://planprovider.pro/companies/board-of-trustees-teamsters-joint-council-32-410855601-501

> Board Of Trustees, Teamsters Joint Council 32 -&#39;s 401(k) plan: 3,447 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/the-wagner-law-group) — ERISA Attorney

- [MILLER KAPLAN ARASE LLP](https://planprovider.pro/provider/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|

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