# Teamsters Local 277 Pension Board Of Trustees DB Plan
Source: https://planprovider.pro/companies/teamsters-local-277-pension-board-of-trustees-136696819-001

> Teamsters Local 277 Pension Board Of Trustees's DB plan: 341 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 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](https://planprovider.pro/provider/novak-francella-llc) — Auditor

- [US BANK](https://planprovider.pro/provider/john-hancock) — 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|

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