Plan Snapshot
- Plan Sponsor: Teamsters Local 277 Pension Board Of Trustees
- Sponsor EIN: 136696819
- Sponsor Address: 14 FRONT STREET, SUITE 300, HEMPSTEAD, NY, 115503602
- Plan Type: DB
- Plan Number: 001
- Total Participants: 341
- Total Assets: $27.8M
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 | 341 | $27.8M | $1.1M | $0 |
| 2023 | 379 | $27.9M | $1.1M | $0 |
| 2022 | 365 | $27.7M | $1.1M | $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 |
|---|---|---|---|---|
| ROAD CARRIERS LOCAL 707 PENSION | Other Service Provider | $57,934 | — | $57,934 |
| CBIZ RPS | Other Service Provider | $57,270 | — | $57,270 |
| KEYSTONE 74 BENEFITS AND ADMIN | Other Service Provider | $52,225 | — | $52,225 |
| PRAGER METIS CPAS, LLC | Other Service Provider | $32,981 | — | $32,981 |
| MORGAN STANLEY | Other Service Provider | $32,083 | — | $32,083 |
| NOVAK FRANCELLA LLC | Auditor | $23,676 | — | $23,676 |
| SPIVAK, LIPTON, WATANABE & MOSS LLP | Other Service Provider | $19,549 | — | $19,549 |
| US BANK | Recordkeeper | $11,582 | — | $11,582 |
| STETSON CYBERGROUP INC. | Other Service Provider | $7,638 | — | $7,638 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA LLC — Auditor
- US BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $294,938
- Estimated Expense Ratio: 1.062% 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 | $417,269 | $32,083 | — | $18,000 | — |
| 2023 | $406,167 | $35,000 | — | $18,000 | — |
| 2022 | $342,753 | $42,500 | — | — | $139,404 |