Plan Snapshot
- Plan Sponsor: Teamsters Local 294 Albany Area Trucking & Allied Industries Health
- Sponsor EIN: 141582160
- Sponsor Address: 890 THIRD STREET, ALBANY, NY, 12206
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,159
- Total Assets: $21.7M
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 | 1,159 | $21.7M | $14.3M | $8,314 |
| 2023 | 1,147 | $19.2M | $12.9M | $9,551 |
| 2022 | 1,145 | $18.7M | $10.5M | $12,847 |
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 |
|---|---|---|---|---|
| HIGHMARK WESTERN AND NORTHEASTERN | Other Service Provider | $378,576 | — | $378,576 |
| PAYER MATRIX | Other Service Provider | $176,024 | — | $176,024 |
| DIANE SCHWAGER | Other Service Provider | $92,888 | — | $92,888 |
| MORGAN STANLEY SMITH BARNEY, LLC | Recordkeeper | $81,685 | — | $81,685 |
| DONNETTE DESANTIS | Other Service Provider | $46,681 | — | $46,681 |
| JAB2023, LLC | Other Service Provider | $43,750 | — | $43,750 |
| TEAL, BECKER & CHIARAMONTE CPAS PC | Other Service Provider | $42,000 | — | $42,000 |
| EMPIRX | Other Service Provider | $31,850 | — | $31,850 |
| O'SULLIVAN ASSOCIATES INC. | Other Service Provider | $26,800 | — | $26,800 |
| BLITMAN & KING, LLP | Other Service Provider | $23,190 | — | $23,190 |
| HEALTHNOW ADMINISTRATIVE SERVICES | Other Service Provider | $20,371 | — | $20,371 |
| LIFETIME BENEFIT SOLUTIONS | Other Service Provider | $12,192 | — | $12,192 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN STANLEY SMITH BARNEY, LLC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $976,007
- Estimated Expense Ratio: 4.500% 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 | $496,979 | $81,685 | — | $42,000 | — |
| 2023 | $491,637 | $77,215 | — | $42,000 | — |
| 2022 | $394,122 | $60,571 | — | — | $92,964 |