# Board Of Trustees Teamsters Local 641 Pension Fund DB Plan
Source: https://planprovider.pro/companies/board-of-trustees-teamsters-local-641-pension-fund-226220288-001

> Board Of Trustees Teamsters Local 641 Pension Fund's DB plan: 105 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 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](https://planprovider.pro/provider/groom-law-group) — ERISA Attorney

- [JP MORGAN CHASE BANK, N.A.](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [U.S. BANK NATIONAL ASSOCIATION](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [MSPC](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|

## Similar Plans

- [Board Of Trustees Of I.B. Of T. Welfare Fund - 945](https://planprovider.pro/companies/board-of-trustees-of-i-b-of-t-welfare-fund-945-221644608-501) — 2,130 participants

- [Teamsters Local Union 500 Severance Trust Fund Board Of Trustees](https://planprovider.pro/companies/teamsters-local-union-500-severance-trust-fund-board-of-trustees-plan) — 938 participants

- [Samuel Coraluzzo Co., INC.](https://planprovider.pro/companies/samuel-coraluzzo-co-inc-401k-plan) — 772 participants

- [Board Of Trustees Teamsters Local No 469 Welfare Fund](https://planprovider.pro/companies/board-of-trustees-teamsters-local-no-469-welfare-fund-221552880-501) — 632 participants

- [Teamsters Industrial Employees Pension Fund](https://planprovider.pro/companies/teamsters-industrial-employees-pension-fund-plan) — 477 participants

- [Mccollister'S Transportation Systems INC](https://planprovider.pro/companies/mccollister-s-transportation-systems-inc-401k-plan) — 413 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-teamsters-local-641-pension-fund-226220288-001)

© 2026 PlanProvider.Pro