# Teamsters Local No. 623 Legal Services Fund 401(k) Plan
Source: https://planprovider.pro/companies/teamsters-local-no-623-legal-services-fund-232224686-501

> Teamsters Local No. 623 Legal Services Fund's 401(k) plan: 4,084 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/willig-williams-and-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|

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