# Teamsters Local Union No.115 Health And Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/teamsters-local-union-no-115-health-and-welfare-fund-231716164-501

> Teamsters Local Union No.115 Health And Welfare Fund's Health & Welfare plan: 1,264 participants, plan year 2024 financials, providers, and benchmarks from F…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [LEONARD RIECO](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [LEO REILLY , SR](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [NICHOLAS ZANCZUK](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [BENJAMIN MARCINKIEWICZ](https://planprovider.pro/provider/john-hancock) — Recordkeeper

- [JOHN SULLIVAN](https://planprovider.pro/provider/john-hancock) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/teamsters-local-union-no-115-health-and-welfare-fund-231716164-501)

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