Plan Snapshot
- Plan Sponsor: Board Of Trustees, Utah-Idaho Teamsters Security Fund
- Sponsor EIN: 876122720
- Sponsor Address: 2550 W UNION HILLS DR STE 290, PHOENIX, AZ, 85027
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,033
- Total Assets: $78.8M
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 | 3,033 | $78.8M | $63.6M | $63,648 |
| 2023 | 2,951 | $73.4M | $60.9M | $52,333 |
| 2022 | 3,014 | $68.8M | $59.3M | $39,654 |
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 |
|---|---|---|---|---|
| CIGNA HEALTH & LIFE INSURANCE CO | Other Service Provider | $1,088,577 | — | $1,088,577 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $1,081,171 | — | $1,081,171 |
| THE SEGAL COMPANY | Recordkeeper | $198,012 | — | $198,012 |
| OPTUMRX | Other Service Provider | $103,636 | — | $103,636 |
| US BANK | Recordkeeper | $94,804 | — | $94,804 |
| KELLEY LAW GROUP | Other Service Provider | $77,506 | — | $77,506 |
| ALAN D BILLER ASSOCIATES, INC. | ERISA Attorney | $61,545 | — | $61,545 |
| MILLER KAPLAN ARASE LLP | Auditor | $57,911 | — | $57,911 |
| VISION SERVICE CARE | Other Service Provider | $47,223 | — | $47,223 |
| J.P. MORGAN INVESTMENT MANAGEMENT I | Recordkeeper | $37,426 | — | $37,426 |
| PGIM, INC | Recordkeeper | $19,086 | — | $19,086 |
| PRINCIPAL CUSTODY SOLUTIONS | Other Service Provider | $9,968 | — | $9,968 |
| MEDICAL REVIEW INSTITUTE OF AMERICA | Other Service Provider | $8,404 | — | $8,404 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Recordkeeper
- US BANK — Recordkeeper
- ALAN D BILLER ASSOCIATES, INC. — ERISA Attorney
- MILLER KAPLAN ARASE LLP — Auditor
- J.P. MORGAN INVESTMENT MANAGEMENT I — Recordkeeper
- PGIM, INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,885,269
- Estimated Expense Ratio: 3.660% 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 | $3,166,629 | $118,715 | $1,081,171 | $29,200 | — |
| 2023 | $2,949,421 | $103,292 | $1,026,618 | $27,200 | — |
| 2022 | $2,982,493 | $145,731 | $992,801 | — | $369,276 |