Plan Snapshot
- Plan Sponsor: Mid-Jersey Trucking Industry And Teamsters Local 701 Welfare Fund
- Sponsor EIN: 221594458
- Sponsor Address: 2003 US ROUTE 130, NORTH BRUNSWICK, NJ, 08902
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 195
- Total Assets: $10.3M
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 | 195 | $10.3M | $5.9M | $2,846 |
| 2023 | 198 | $9.8M | $5.8M | $55,466 |
| 2022 | 275 | $9.4M | $7.5M | $43,350 |
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 |
|---|---|---|---|---|
| AETNA | Other Service Provider | $86,975 | — | $86,975 |
| GIANCARLO PREZIOSO | Other Service Provider | $81,964 | — | $81,964 |
| COHEN LEDER MONTALBANO &CONNAUGHTON | ERISA Attorney | $73,624 | — | $73,624 |
| KATHRYN M MANZI | Other Service Provider | $56,022 | — | $56,022 |
| ACCRISURE DBA UNION BENEFIT PLANNER | Other Service Provider | $38,500 | $15,742 | $54,242 |
| EXPRESS SCRIPTS INC | Other Service Provider | $53,448 | — | $53,448 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $22,224 | — | $22,224 |
| LIFETIME BENEFIT SOLUTIONS, INC. | Other Service Provider | $21,600 | — | $21,600 |
| MSPC | Auditor | $20,776 | — | $20,776 |
| KEVIN J. DEMBINSKI, DMD | Other Service Provider | $11,570 | — | $11,570 |
| ERNEST SOEHL | Custodian / Trustee | $8,000 | — | $8,000 |
| LAMAR BEINHOWER | Custodian / Trustee | $8,000 | — | $8,000 |
| DR. WENQING ZHANG | Other Service Provider | $6,977 | — | $6,977 |
| NEPC, LLC | Other Service Provider | $6,185 | — | $6,185 |
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: $511,607
- Estimated Expense Ratio: 4.960% 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 | $657,751 | $6,185 | — | $15,000 | — |
| 2023 | $753,676 | $5,994 | — | $15,000 | — |
| 2022 | $881,629 | $8,200 | — | — | $135,458 |