Plan Snapshot
- Plan Sponsor: Teamsters Local 418 Pension Fund
- Sponsor EIN: 226128536
- Sponsor Address: 2003 ROUTE 130, NORTH BRUNSWICK, NJ, 089024857
- Plan Type: DB
- Total Participants: 74
- Total Assets: $3.3M
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 | 74 | $3.3M | $194,037 | $0 |
| 2023 | 97 | $3.1M | $222,574 | $0 |
| 2022 | 108 | $2.8M | $223,799 | $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 |
|---|---|---|---|---|
| MSPC CPA'S AND ADVISORS, P.C. | Auditor | $17,500 | — | $17,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CPA'S AND ADVISORS, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,500
- Estimated Expense Ratio: 0.527% 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 | $131,211 | $7,553 | — | $17,500 | — |
| 2023 | $120,759 | $6,626 | — | $18,475 | — |
| 2022 | $117,216 | $7,101 | — | — | $50,519 |