Plan Snapshot
- Plan Sponsor: Teamsters Local No. 623 Legal Services Fund
- Sponsor EIN: 232224686
- Sponsor Address: 4369 RICHMOND ST, PHILADELPHIA, PA, 191371911
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,084
- Total Assets: $887,418
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 | 4,084 | $887,418 | $129,893 | $0 |
| 2023 | 3,712 | $900,497 | $149,388 | $0 |
| 2022 | 6,568 | $854,535 | $170,009 | $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 |
|---|---|---|---|---|
| WILLIG, WILLIAMS & DAVIDSON | ERISA Attorney | $164,000 | — | $164,000 |
| PERRY N. BLACKMAN, CPA | Other Service Provider | $8,039 | — | $8,039 |
| CHELTENHAM PRINTING COMPANY | Other Service Provider | $6,418 | — | $6,418 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIG, WILLIAMS & DAVIDSON — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $178,457
- Estimated Expense Ratio: 20.110% 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 | $18,250 | — | — | $8,539 | — |
| 2023 | $11,143 | — | — | $8,000 | — |
| 2022 | $10,050 | — | — | — | $7,000 |