Plan Snapshot
- Plan Sponsor: Teamsters And Food Employers Security Trust Fund
- Sponsor EIN: 956048844
- Sponsor Address: 1050 LAKES DRIVE, SUITE 120, WEST COVINA, CA, 91790
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 5,191
- Total Assets: $82.3M
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 | 5,191 | $82.3M | $117.8M | $5.7M |
| 2023 | 5,259 | $73.7M | $120.9M | $5.8M |
| 2022 | 5,388 | $61.4M | $123.6M | $6.0M |
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 |
|---|---|---|---|---|
| BENESYS ADMINISTRATORS | Other Service Provider | $3,047,978 | $32,921 | $3,080,899 |
| BROADREACH MEDICAL RESOURCES | Other Service Provider | $1,384,165 | — | $1,384,165 |
| ANTHEM BLUE CROSS | Other Service Provider | $476,841 | — | $476,841 |
| HORIZON ACTUARIAL SERVICES | Other Service Provider | $107,327 | — | $107,327 |
| RAEL & LETSON | Other Service Provider | $107,327 | — | $107,327 |
| SEYFARTH SHAW, LLP | Investment Advisor | $106,278 | — | $106,278 |
| PART D ADVISORS, INC. | Other Service Provider | $100,877 | — | $100,877 |
| HMC HEALTHWORKS | Other Service Provider | $96,270 | — | $96,270 |
| WOHLNER KAPLON CUTLER HALFORD ROSEN | Other Service Provider | $67,232 | — | $67,232 |
| VISION SERVICE PLAN | Other Service Provider | $65,050 | — | $65,050 |
| PHARMACY BENEFIT SOLUTIONS | Other Service Provider | $48,875 | — | $48,875 |
| HENNINGFIELD & ASSOCIATES, INC. | Auditor | $40,950 | — | $40,950 |
| AMERICAN SPECIALTY HEALTH GROUP | Other Service Provider | $26,777 | — | $26,777 |
| IRON MOUNTAIN STORAGE | Other Service Provider | $20,742 | — | $20,742 |
| MEDICAL REVIEW INSTITUTE OF AM | Other Service Provider | $9,536 | — | $9,536 |
| ASSURED PARTNERS OF CALIFORNIA | Other Service Provider | — | $8,311 | $8,311 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SEYFARTH SHAW, LLP — Investment Advisor
- HENNINGFIELD & ASSOCIATES, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $5,747,457
- Estimated Expense Ratio: 6.984% 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 | $6,086,587 | — | $3,047,978 | $40,950 | — |
| 2023 | $6,051,745 | — | $2,933,229 | $45,500 | — |
| 2022 | $6,287,591 | — | $2,995,590 | — | $487,845 |