Plan Snapshot
- Plan Sponsor: Teamsters Industrial Employees Welfare Fund
- Sponsor EIN: 226058341
- Sponsor Address: 303 MOLNAR DRIVE, ELMWOOD PARK, NJ, 07407
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,182
- Total Assets: $45.7M
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 | 1,182 | $45.7M | $20.3M | $64,049 |
| 2023 | 1,073 | $46.1M | $19.1M | $65,332 |
| 2022 | 1,106 | $44.5M | $18.9M | $107,767 |
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 |
|---|---|---|---|---|
| TENJ WELFARE FUND | Other Service Provider | $804,058 | — | $804,058 |
| HORIZON HEALTHCARE SERVICES, INC. | Other Service Provider | $506,779 | — | $506,779 |
| EXPRESS SCRIPTS, INC | Other Service Provider | $157,268 | — | $157,268 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $106,089 | — | $106,089 |
| COHEN, LEDER, MONTALBANO & CONNAUGH | Other Service Provider | $82,306 | — | $82,306 |
| THE SEGAL COMPANY | Other Service Provider | $79,171 | — | $79,171 |
| JENDA TECHNOLOGY LLC | Other Service Provider | $47,343 | — | $47,343 |
| WEAVER C BARKSDALE AND ASSOC | Other Service Provider | $43,954 | — | $43,954 |
| WEAVER & TIDWELL LLP | Auditor | $26,500 | — | $26,500 |
| DAVID W. NEW,PC | Other Service Provider | $19,550 | — | $19,550 |
| FAIR HEALTH, INC. | Other Service Provider | $12,529 | — | $12,529 |
| AMALGAMATED BANK OF NEW YORK | Other Service Provider | $6,894 | $419 | $7,313 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEAVER & TIDWELL LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,892,860
- Estimated Expense Ratio: 4.139% 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 | $1,444,343 | $45,454 | — | $26,500 | — |
| 2023 | $2,419,756 | $40,822 | $1,008,533 | $30,660 | — |
| 2022 | $2,184,407 | $47,209 | — | — | $210,361 |