Plan Snapshot
- Plan Sponsor: Teamsters Local Union 331 Severance Trust Fund
- Sponsor EIN: 236737793
- Sponsor Address: 1 PHILADELPHIA AVENUE, EGG HARBOR CITY, NJ, 082151168
- Plan Type: DC
- Total Participants: 601
- Total Assets: $36.0M
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 | 601 | $36.0M | $2.2M | $0 |
| 2023 | 458 | $33.2M | $2.1M | $0 |
| 2022 | 459 | $31.2M | $2.1M | $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 CERTIFIED PUBLIC ACCOUNTANTS & | Auditor | $35,000 | — | $35,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC CERTIFIED PUBLIC ACCOUNTANTS & — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,000
- Estimated Expense Ratio: 0.097% 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 | $503,511 | $98,467 | — | $35,000 | — |
| 2023 | $291,026 | $90,804 | — | $35,000 | — |
| 2022 | $264,331 | $67,260 | — | — | $51,937 |