# Teamsters 331 Welfare Fund & Welfare Trust Fund 401(k) Plan
Source: https://planprovider.pro/companies/teamsters-331-welfare-fund-welfare-trust-fund-236737795-501

> Teamsters 331 Welfare Fund & Welfare Trust Fund's 401(k) plan: 1,022 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|

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