Plan Snapshot
- Plan Sponsor: International Brotherhood Of Teamsters Local 264
- Sponsor EIN: 160492678
- Sponsor Address: 35 TYROL DRIVE, CHEEKTOWAGA, NY, 14227
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 1,085
- Total Assets: $881,673
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. |
|---|---|---|---|---|
| 2025 | 1,085 | $881,673 | $0 | $0 |
| 2024 | 1,069 | $934,318 | $999,530 | $202,035 |
| 2023 | 1,087 | $982,244 | $986,095 | $176,594 |
| 2022 | 1,096 | $1.1M | $927,023 | $154,652 |
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 |
|---|---|---|---|---|
| IBT LOCAL 264 | Other Service Provider | $70,847 | — | $70,847 |
| NOVA HEALTHCARE ADMINISTRATORS, INC | Other Service Provider | $56,651 | — | $56,651 |
| ARCARA LENDA EUSANIO & STACEY CPAS | Other Service Provider | $17,000 | — | $17,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,498
- Estimated Expense Ratio: 16.389% 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 |
|---|---|---|---|---|---|
| 2025 | $1,396,389 | $4,414 | $56,651 | $17,000 | — |
| 2024 | $165,784 | $4,676 | $55,582 | $16,000 | — |
| 2023 | $161,527 | $4,135 | $55,601 | $14,500 | — |
| 2022 | $186,361 | $6,054 | $61,180 | — | $14,650 |