# Teamsters Local 348 Health & Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/teamsters-local-348-health-welfare-fund-346564615-501

> Teamsters Local 348 Health & Welfare Fund's 401(k) plan: 324 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Teamsters Local 348 Health & Welfare Fund

- **Sponsor EIN:** 346564615

- **Sponsor Address:** 272 WEST MARKET STREET, AKRON, OH, 443032132

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 324

- **Total Assets:** $16.0M

## 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.|

| 2025|324|$16.0M|$0|$0|

| 2024|359|$14.9M|$9.4M|$146,925|

| 2023|396|$12.7M|$9.5M|$147,454|

| 2022|406|$9.9M|$9.2M|$167,397|

## 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|

| TERRI KELLOUGH|Other Service Provider|$37,610|—|$37,610|

| DAN F. DARROW|Other Service Provider|$37,337|—|$37,337|

| MELISSA MYERS|Other Service Provider|$27,400|—|$27,400|

| JENNIFER CARCIONE|Other Service Provider|$12,917|—|$12,917|

| FAULKNER, HOFFMAN & PHILLIPS LLC|ERISA Attorney|$11,434|—|$11,434|

| SWALLEN, LAWHUN & CO.|Auditor|$8,850|—|$8,850|

| PARSONS RISK STRATEGIES|Other Service Provider|$5,000|—|$5,000|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $140,548

- **Estimated Expense Ratio:** 0.878% 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|

| 2025|$8,789,320|$125|—|$8,850|—|

| 2024|$220,769|$125|—|$8,850|—|

| 2023|$219,807|$125|—|$8,850|—|

| 2022|$221,636|—|—|—|$13,850|

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