Plan Snapshot
- Plan Sponsor: Board Of Trustees Teamsters Local No 469 Welfare Fund
- Sponsor EIN: 221552880
- Sponsor Address: 3400 ROUTE 35, SUITE 8, HAZLET, NJ, 07730
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 632
- Total Assets: $19.9M
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 | 632 | $19.9M | $13.1M | $121,308 |
| 2023 | 656 | $19.1M | $13.7M | $123,129 |
| 2022 | 668 | $16.4M | $13.2M | $110,921 |
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 | $176,601 | — | $176,601 |
| INNOVATIVE SOFTWARE SOLUTIONS, INC. | Other Service Provider | $98,679 | — | $98,679 |
| FABIAN & BYRN LLC | Other Service Provider | $59,124 | — | $59,124 |
| MSPC | Auditor | $57,166 | — | $57,166 |
| ACRISURE | Other Service Provider | $55,500 | — | $55,500 |
| CATHERINE SOMA | Other Service Provider | $55,342 | — | $55,342 |
| CHARTWELL INVESTMENT PARTNERS, LP | Other Service Provider | $44,555 | — | $44,555 |
| KROLL HEINEMAN PTASIEWICZ & PARSONS | Other Service Provider | $31,542 | — | $31,542 |
| DELTA DENTAL OF NJ, INC. | Other Service Provider | $26,022 | — | $26,022 |
| O'SULLIVAN ASSOCIATES, INC | Other Service Provider | $21,000 | — | $21,000 |
| IRON MOUNTAIN | Other Service Provider | $14,986 | — | $14,986 |
| OPTUMRX, INC. | Other Service Provider | $13,708 | — | $13,708 |
| TOBIA & LOVELACE | Other Service Provider | $11,222 | — | $11,222 |
| INVESTMENT PERFORMANCE SERVICES LLC | Other Service Provider | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $675,447
- Estimated Expense Ratio: 3.393% 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 | $841,998 | $54,555 | $59,124 | $30,000 | — |
| 2023 | $737,044 | $49,618 | $37,106 | $37,179 | — |
| 2022 | $935,430 | $45,356 | $198,082 | — | $93,913 |