# Teamsters Local 237 Welfare Fund DB Plan
Source: https://planprovider.pro/companies/teamsters-local-237-welfare-fund-plan

> Teamsters Local 237 Welfare Fund's DB plan: 105 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Teamsters Local 237 Welfare Fund

- **Sponsor EIN:** 132575626

- **Sponsor Address:** 216 WEST 14TH STREET, NEW YORK, NY, 10011

- **Plan Type:** DB

- **Total Participants:** 105

- **Total Assets:** $53.1M

## 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|105|$53.1M|$1.3M|$0|

| 2023|100|$43.7M|$1.3M|$0|

| 2022|96|$36.9M|$1.3M|$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|

| NOVAK FRANCELLA LLC|Auditor|$44,000|—|$44,000|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [NOVAK FRANCELLA LLC](https://planprovider.pro/provider/novak-francella-llc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $44,000

- **Estimated Expense Ratio:** 0.083% 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|$362,116|$170,799|—|$44,000|—|

| 2023|$306,843|$138,427|—|$44,000|—|

| 2022|$283,173|$129,237|—|—|$114,601|

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