Plan Snapshot
- Plan Sponsor: Teamsters 817 Ibt Scholarship Fund
- Sponsor EIN: 112602554
- Sponsor Address: 817 OLD CUTTERMILL ROAD, GREAT NECK, NY, 11021
- Plan Type: 401(k)
- Plan Number: 503
- Total Participants: 539
- Total Assets: $63.4M
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 | 539 | $63.4M | $5.9M | $0 |
| 2023 | 1,174 | $50.0M | $4.0M | $0 |
| 2022 | 1,081 | $44.0M | $7.4M | $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 |
|---|---|---|---|---|
| VIBRANT CAPITAL PARTNERS | Other Service Provider | $81,058 | — | $81,058 |
| STACEY BRAUN ASSOCIATES | Other Service Provider | $42,300 | — | $42,300 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Auditor | $14,000 | — | $14,000 |
| FRIEDMAN & ANSPACH | Other Service Provider | $7,267 | — | $7,267 |
| US BANK | Recordkeeper | $5,178 | — | $5,178 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS — Auditor
- US BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $149,803
- Estimated Expense Ratio: 0.236% 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 | $262,694 | $43,300 | — | $14,150 | — |
| 2023 | $272,097 | $35,524 | — | $12,268 | — |
| 2022 | $248,128 | $124,729 | — | — | $19,347 |