Plan Snapshot
- Plan Sponsor: Teamsters 331 Welfare Fund & Welfare Trust Fund
- Sponsor EIN: 236737795
- Sponsor Address: 1 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ, 082151168
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,022
- Total Assets: $826,657
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 | 1,022 | $826,657 | $93,781 | $0 |
| 2023 | 1,035 | $900,255 | $86,780 | $0 |
| 2022 | 980 | $804,007 | $91,525 | $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 |
|---|---|---|---|---|
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $68,870 | — | $68,870 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $17,500 | — | $17,500 |
| TEAMSTERS LOCAL UNION 331 | Other Service Provider | $15,580 | — | $15,580 |
| MR. MICROCHIP SOFTWARE CENTER, INC. | Other Service Provider | $11,925 | — | $11,925 |
| CAPTRUST | Other Service Provider | $10,300 | — | $10,300 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $124,175
- Estimated Expense Ratio: 15.021% 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 | $166,307 | $10,300 | — | $15,000 | — |
| 2023 | $89,201 | $9,306 | — | $15,000 | — |
| 2022 | $77,698 | $800 | — | — | $20,910 |