# Teamsters Industrial Employees Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/teamsters-industrial-employees-welfare-fund-226058341-501

> Teamsters Industrial Employees Welfare Fund's 401(k) plan: 1,182 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/weaver-and-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|

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