Plan Snapshot
- Plan Sponsor: Teamsters Local Union 500 Severance Trust Fund Board Of Trustees
- Sponsor EIN: 237376385
- Sponsor Address: 20000 HORIZON WAY, MOUNT LAUREL, NJ, 080544321
- Plan Type: DC
- Total Participants: 938
- Total Assets: $69.1M
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 | 938 | $69.1M | $3.8M | $0 |
| 2023 | 918 | $67.0M | $3.5M | $0 |
| 2022 | 1,154 | $68.2M | $3.9M | $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 |
|---|---|---|---|---|
| BEACON ADMINISTRATORS & CONSULTANTS | NONE | $113,403 | — | $113,403 |
| NOVAK FRANCELLA, LLC | NONE | $43,420 | — | $43,420 |
| MORGAN STANLEY-GRAYSTONE CONSULTING | NONE | $40,000 | — | $40,000 |
| JOHN HANCOCK RETIREMENT PLAN SRVCS. | NONE | $20,793 | — | $20,793 |
| STEVENS & LEE PC | NONE | $20,469 | — | $20,469 |
| CLEARY, JOSEM & TRIGIANI LLP | NONE | $10,190 | — | $10,190 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — NONE
- JOHN HANCOCK RETIREMENT PLAN SRVCS. — NONE
- STEVENS & LEE PC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $248,275
- Estimated Expense Ratio: 0.360% 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 | $275,239 | $62,481 | $113,403 | $35,000 | — |
| 2023 | $287,004 | $43,768 | — | $59,000 | — |
| 2022 | $300,179 | $62,585 | — | — | $101,404 |