Plan Snapshot
- Plan Sponsor: Teamsters Local 445 Welfare Fund
- Sponsor EIN: 146022213
- Sponsor Address: 15 STONE CASTLE ROAD, ROCK TAVERN, NY, 12575
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 168
- Total Assets: $5.0M
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. |
|---|---|---|---|---|
| 2024 | 168 | $5.0M | $4.2M | $54,638 |
| 2023 | 204 | $4.7M | $4.7M | $81,894 |
| 2022 | 210 | $5.9M | $4.5M | $73,606 |
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 |
|---|---|---|---|---|
| BASIL CASTROVINCI ASSOCIATES | Other Service Provider | $66,400 | — | $66,400 |
| TERESA SOZIO | Other Service Provider | $64,538 | — | $64,538 |
| TERESA KURTA | Other Service Provider | $61,008 | — | $61,008 |
| MSPC | Auditor | $52,373 | — | $52,373 |
| BARNES IACCARINO & SHEPHERD LLP | Other Service Provider | $41,383 | — | $41,383 |
| SUMMIT ACTUARIAL SERVICES LLC | Other Service Provider | $37,000 | — | $37,000 |
| STONE CASTLE REALTY | Other Service Provider | $20,582 | — | $20,582 |
| STACEY BRAUN ASSOCIATES, INC. | Other Service Provider | $19,356 | — | $19,356 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $362,640
- Estimated Expense Ratio: 7.184% 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 | $393,653 | $23,981 | $66,767 | $52,373 | — |
| 2023 | $522,150 | $20,965 | $26,093 | $47,324 | — |
| 2022 | $542,071 | $29,446 | — | — | $138,358 |