# Board Of Trustees Teamsters Local 641 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-teamsters-local-641-welfare-fund-226220289-501

> Board Of Trustees Teamsters Local 641 Welfare Fund's Health & Welfare plan: 168 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees Teamsters Local 641 Welfare Fund

- **Sponsor EIN:** 226220289

- **Sponsor Address:** 714 RAHWAY AVENUE, 2ND FL, UNION, NJ, 070836634

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 168

- **Total Assets:** $28.8M

## 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|168|$28.8M|$3.5M|$543,290|

| 2023|160|$29.7M|$5.0M|$616,858|

| 2022|422|$32.6M|$8.7M|$408,111|

## 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|

| HORIZON HEALTHCARE SERVICES|Other Service Provider|$170,851|—|$170,851|

| DIANE FLORIAN|Other Service Provider|$70,897|—|$70,897|

| PAYER MATRIX LLC|Other Service Provider|$63,810|—|$63,810|

| GELLERT SEITZ BUSENKELL & BROWN LLC|Other Service Provider|$57,982|—|$57,982|

| MSPC|Auditor|$53,904|—|$53,904|

| AMIRA ALLEN|Other Service Provider|$49,756|—|$49,756|

| TOWNSHIP OF UNION|Other Service Provider|$45,248|—|$45,248|

| BRIDGEWAY BENEFIT TECHNOLOGY|Other Service Provider|$40,185|—|$40,185|

| SUMMIT ACTUARIAL SERVICES, LLC|Other Service Provider|$32,000|—|$32,000|

| INVESTMENT PERFORMANCE SERVICES LLC|Other Service Provider|$30,000|—|$30,000|

| SPECIALIZED COMPUTER RESOURCES INC|Other Service Provider|$29,815|—|$29,815|

| AMERICAN REALTY|Other Service Provider|$27,865|—|$27,865|

| KROLL HEINEMAN PTASIEWICZ & PARSONS|Other Service Provider|$21,170|—|$21,170|

| WEDGE CAPITAL MANAGEMENT|Other Service Provider|$19,444|—|$19,444|

| AMALGAMATED BANK OF CHICAGO|Other Service Provider|$18,597|—|$18,597|

| LIVERMAN COMMERCIAL|Other Service Provider|$16,303|—|$16,303|

| DELTA DENTAL OF NJ|Other Service Provider|$13,199|—|$13,199|

| ALICE RYAN|Other Service Provider|$12,912|—|$12,912|

| PSE&G|Other Service Provider|$12,798|—|$12,798|

| LANDSCAPE SOLUTIONS|Other Service Provider|$10,296|—|$10,296|

| US REAL ESTATE|Other Service Provider|$10,252|—|$10,252|

| EMPRIX HEALTH|Other Service Provider|$9,880|—|$9,880|

| GREAT LAKES|Other Service Provider|$8,927|—|$8,927|

| TEAMSTERS CENTER SERVICES|Other Service Provider|$7,587|—|$7,587|

| FAIR HEALTH INC.|Other Service Provider|$7,330|—|$7,330|

| ARMANDOS HOME IMPROVEMENT|Other Service Provider|$7,000|—|$7,000|

| PERFECT TEMP SERVICES|Other Service Provider|$6,866|—|$6,866|

| JOHNSON CONTROLS|Other Service Provider|$6,317|—|$6,317|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [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:** $861,191

- **Estimated Expense Ratio:** 2.994% 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|$1,048,699|$115,880|—|$35,000|—|

| 2023|$1,128,053|$128,465|—|$27,039|—|

| 2022|$1,208,486|$67,916|—|—|$131,898|

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