Plan Snapshot
- Plan Sponsor: New England Teamsters Local Union No. 25 (Sip)
- Sponsor EIN: 043320357
- Sponsor Address: 544 MAIN STREET, CHARLESTOWN, MA, 02129
- Plan Type: DC
- Total Participants: 0
- Total Assets: $5.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $5.2M | $251,128 | $0 |
| 2023 | 0 | $5.1M | $233,519 | $0 |
| 2022 | 0 | $4.9M | $191,881 | $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 |
|---|---|---|---|---|
| MANZI & ASSOCIATES LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $66,633 | $26,389 | $33,437 | — | — |
| 2023 | $50,572 | $22,063 | $23,525 | — | — |
| 2022 | $63,599 | $23,741 | $34,582 | — | $5,276 |