# Teamsters Welfare Fund Of Northern New Jersey Local 723 Health & Welfare Plan
Source: https://planprovider.pro/companies/teamsters-welfare-fund-of-northern-new-jersey-local-723-221736275-501

> Teamsters Welfare Fund Of Northern New Jersey Local 723's Health & Welfare plan: 727 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Teamsters Welfare Fund Of Northern New Jersey Local 723

- **Sponsor EIN:** 221736275

- **Sponsor Address:** 714 RAHWAY AVENUE, UNION, NJ, 07083

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 727

- **Total Assets:** $44.6M

## 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|727|$44.6M|$7.6M|$23,770|

| 2023|658|$36.7M|$6.6M|$11,738|

| 2022|522|$29.3M|$5.7M|$6,132|

## 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|

| INSURANCE DESIGN ADMINISTRATORS|Other Service Provider|$701,969|—|$701,969|

| EMPIRX|Other Service Provider|$423,345|—|$423,345|

| DELTA DENTAL OF NEW JERSEY, LLC|Other Service Provider|$240,995|—|$240,995|

| JANNEY MONTGOMERY SCOTT|Investment Advisor|$150,618|—|$150,618|

| FIRST STATE TRUST COMPANY|Other Service Provider|$133,069|—|$133,069|

| RBC WEALTH MANAGEMENT|Recordkeeper|$133,069|—|$133,069|

| VANDA NENO|Investment Advisor|$105,581|—|$105,581|

| MARIA GARATE|Investment Advisor|$75,600|—|$75,600|

| BARATZ & ASSOCIATES, P.A.|Auditor|$63,780|—|$63,780|

| SPECIALIZED COMPUTER RESOURCES INC|Other Service Provider|$30,366|—|$30,366|

| JBM COMPUTER CONSULTANTS, INC.|Other Service Provider|$28,343|—|$28,343|

| SUMMIT ACTURIAL SERVICES LLC|Other Service Provider|$20,000|—|$20,000|

| COMERICA BANK|Other Service Provider|$18,200|—|$18,200|

| PERFECT PRINTING SOLUTIONS|Other Service Provider|$9,718|—|$9,718|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [JANNEY MONTGOMERY SCOTT](https://planprovider.pro/provider/janney-montgomery-scott-llc) — Investment Advisor

- [RBC WEALTH MANAGEMENT](https://planprovider.pro/provider/royal-bank-of-canada) — Recordkeeper

- [VANDA NENO](https://planprovider.pro/provider/janney-montgomery-scott-llc) — Investment Advisor

- [MARIA GARATE](https://planprovider.pro/provider/janney-montgomery-scott-llc) — Investment Advisor

- [BARATZ & ASSOCIATES, P.A.](https://planprovider.pro/provider/baratz-and-associates-pa) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $2,134,653

- **Estimated Expense Ratio:** 4.782% 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|$1,272,282|$301,888|$457,612|$63,780|—|

| 2023|$1,189,532|$240,304|$400,595|$50,003|—|

| 2022|$1,072,292|$240,302|$330,063|—|$75,358|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/teamsters-welfare-fund-of-northern-new-jersey-local-723-221736275-501)

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