Plan Snapshot
- Plan Sponsor: Teamsters Local Union No.115 Health And Welfare Fund
- Sponsor EIN: 231716164
- Sponsor Address: 10965 DECATUR ROAD, PHILADELPHIA, PA, 19154
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,264
- Total Assets: $57.9M
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 | 1,264 | $57.9M | $14.2M | $15,728 |
| 2023 | 1,273 | $50.9M | $13.8M | $16,973 |
| 2022 | 1,229 | $44.1M | $13.0M | $19,598 |
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 |
|---|---|---|---|---|
| CIGNA HEALTH & LIFE INSURANCE CO | Other Service Provider | $399,212 | — | $399,212 |
| CAROL KING | Recordkeeper | $123,873 | — | $123,873 |
| LEONARD RIECO | Recordkeeper | $123,873 | — | $123,873 |
| LEO REILLY , SR | Recordkeeper | $113,113 | — | $113,113 |
| NICHOLAS ZANCZUK | Recordkeeper | $82,294 | — | $82,294 |
| BENJAMIN MARCINKIEWICZ | Recordkeeper | $80,621 | — | $80,621 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $69,200 | — | $69,200 |
| ZENITH ADMINISTRATORS | Other Service Provider | $37,368 | — | $37,368 |
| BRUCE S MORRISON , DO | Other Service Provider | $30,000 | — | $30,000 |
| FLEXCARE LLC | Other Service Provider | $29,015 | — | $29,015 |
| MORGAN STANLEY GLOBAL BANKING | Other Service Provider | $28,867 | — | $28,867 |
| JOHN SULLIVAN | Recordkeeper | $26,334 | — | $26,334 |
| NOVAK FRANCELLA LLC | Other Service Provider | $25,046 | — | $25,046 |
| MARKOWITZ & RICHMAN | Other Service Provider | $24,663 | — | $24,663 |
| GAETANO STORACE III DMD PC | Other Service Provider | $21,587 | — | $21,587 |
| CITIZENS BANK | Other Service Provider | $16,296 | — | $16,296 |
| THE MCKEOGH COMPANY | Other Service Provider | $10,000 | — | $10,000 |
| BOYD WATTERSON ASSET MANAGEMENT LLC | Other Service Provider | $8,638 | — | $8,638 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CAROL KING — Recordkeeper
- LEONARD RIECO — Recordkeeper
- LEO REILLY , SR — Recordkeeper
- NICHOLAS ZANCZUK — Recordkeeper
- BENJAMIN MARCINKIEWICZ — Recordkeeper
- JOHN SULLIVAN — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,250,000
- Estimated Expense Ratio: 2.158% 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 | $1,486,235 | $37,505 | — | $25,046 | — |
| 2023 | $1,423,401 | $36,920 | — | $22,143 | — |
| 2022 | $1,275,630 | $37,880 | — | — | $163,421 |