Plan Snapshot
- Plan Sponsor: Board Of Trustees, Teamsters Union Local No. 507 Cer Fund
- Sponsor EIN: 341788743
- Sponsor Address: 5425 WARNER ROAD, VALLEY VIEW, OH, 44125
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,569
- Total Assets: $252,012
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 | 2,569 | $252,012 | $628,389 | $0 |
| 2023 | 2,782 | $286,358 | $600,882 | $0 |
| 2022 | 2,541 | $343,709 | $597,721 | $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 |
|---|---|---|---|---|
| JAMIE RODGERS | Other Service Provider | $38,169 | — | $38,169 |
| J SCHAEFER & COMPANY LLC | Auditor | $8,925 | — | $8,925 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- J SCHAEFER & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,094
- Estimated Expense Ratio: 18.687% 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 | $121,051 | — | — | $8,925 | — |
| 2023 | $136,710 | — | — | $11,900 | — |
| 2022 | $113,364 | — | — | — | $15,431 |