Plan Snapshot
- Plan Sponsor: Teamsters Industrial Employees Pension Fund
- Sponsor EIN: 226099363
- Sponsor Address: 303 MOLNAR DRIVE, ELMWOOD PARK, NJ, 074073213
- Plan Type: DB
- Total Participants: 477
- Total Assets: $74.5M
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 | 477 | $74.5M | $6.1M | $0 |
| 2023 | 438 | $70.4M | $4.5M | $0 |
| 2022 | 454 | $67.0M | $2.6M | $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 |
|---|---|---|---|---|
| THE SEGAL COMPANY | Other Service Provider | $150,610 | — | $150,610 |
| TENJ WELFARE FUND | Other Service Provider | $110,064 | — | $110,064 |
| COHEN, LEDER, MONTALBANO & GROSSMAN | Other Service Provider | $74,239 | — | $74,239 |
| SAGE ADVISORY SERVICES | Other Service Provider | $41,273 | — | $41,273 |
| WEAVER & TIDWELL LLP | Other Service Provider | $31,479 | — | $31,479 |
| AMALGAMATED BANK | Other Service Provider | $17,787 | — | $17,787 |
| BOSTON PARTNERS | Other Service Provider | $13,187 | — | $13,187 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $8,231 | — | $8,231 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $6,574 | — | $6,574 |
| STATE STREET GLOBAL ADVISORS | Other Service Provider | $5,158 | — | $5,158 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $458,602
- Estimated Expense Ratio: 0.616% 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 | $870,484 | $121,264 | — | $37,440 | — |
| 2023 | $529,778 | $93,480 | — | $28,770 | — |
| 2022 | $1,392,102 | $102,676 | — | — | $230,113 |