# Teamsters Local Union 500 Severance Trust Fund Board Of Trustees DC Plan
Source: https://planprovider.pro/companies/teamsters-local-union-500-severance-trust-fund-board-of-trustees-plan

> Teamsters Local Union 500 Severance Trust Fund Board Of Trustees's DC plan: 938 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/novak-francella-llc) — NONE

- [JOHN HANCOCK RETIREMENT PLAN SRVCS.](https://planprovider.pro/provider/john-hancock) — NONE

- [STEVENS & LEE PC](https://planprovider.pro/provider/stevens-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/teamsters-local-union-500-severance-trust-fund-board-of-trustees-plan)

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