Plan Snapshot
- Plan Sponsor: Board Of Trustees Teamsters Local 641 Pension Fund
- Sponsor EIN: 226220288
- Sponsor Address: 714 RAHWAY AVENUE, 2ND FL, UNION, NJ, 07083
- Plan Type: DB
- Plan Number: 001
- Total Participants: 105
- Total Assets: $561.9M
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 | 105 | $561.9M | $13.2M | $0 |
| 2023 | 313 | $568.7M | $2.8M | $0 |
| 2022 | 404 | $567.8M | $3.5M | $0 |
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 |
|---|---|---|---|---|
| CAPITAL INTERNATIONAL | Other Service Provider | $937,474 | — | $937,474 |
| GROOM LAW | ERISA Attorney | $189,646 | — | $189,646 |
| INVESTMENT PERFORMANCE SERVICES LLC | Other Service Provider | $100,000 | — | $100,000 |
| JP MORGAN CHASE BANK, N.A. | Recordkeeper | $72,175 | — | $72,175 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $70,125 | — | $70,125 |
| KARRI STEINMACHER | Other Service Provider | $70,035 | — | $70,035 |
| DIANE FLORIAN | Other Service Provider | $67,628 | — | $67,628 |
| U.S. BANK NATIONAL ASSOCIATION | Recordkeeper | $63,580 | — | $63,580 |
| SUMMIT ACTUARIAL SERVICES, LLC | Other Service Provider | $62,750 | — | $62,750 |
| KROLL HEINEMAN PTASIEWICZ & PARSONS | Other Service Provider | $60,000 | — | $60,000 |
| MSPC | Auditor | $53,928 | — | $53,928 |
| KATHLEEN KYREAKAKIS | Other Service Provider | $46,450 | — | $46,450 |
| GELLERT SEITZ BUSENKELL & BROWN LLC | Other Service Provider | $28,437 | — | $28,437 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GROOM LAW — ERISA Attorney
- JP MORGAN CHASE BANK, N.A. — Recordkeeper
- U.S. BANK NATIONAL ASSOCIATION — Recordkeeper
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,822,228
- Estimated Expense Ratio: 0.324% 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 | $2,205,278 | $1,109,649 | — | $53,928 | — |
| 2023 | $1,848,099 | $925,079 | — | $21,385 | — |
| 2022 | $1,089,258 | $224,845 | — | — | $155,097 |