Plan Snapshot
- Plan Sponsor: Trustees Midwest Teamsters Health Reimbursement Arrangement Trust Fund
- Sponsor EIN: 202288018
- Sponsor Address: 2520 PILOT KNOB ROAD, SUITE 325, MENDOTA HEIGHTS, MN, 55120
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,670
- Total Assets: $9.5M
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 | 1,670 | $9.5M | $685,667 | $0 |
| 2023 | 1,576 | $9.0M | $644,806 | $0 |
| 2022 | 1,465 | $8.3M | $646,201 | $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 |
|---|---|---|---|---|
| ZENITH AMERICAN SOLUTIONS | Other Service Provider | $138,204 | — | $138,204 |
| MARTIN & SQUIRES, P.A. | Other Service Provider | $21,040 | — | $21,040 |
| LEGACY PROFESSIONALS LLP | Auditor | $13,100 | — | $13,100 |
| RBC WEALTH MANAGEMENT | Recordkeeper | $8,000 | — | $8,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
- RBC WEALTH MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $180,344
- Estimated Expense Ratio: 1.890% 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 | $211,834 | $8,000 | $104,082 | $13,100 | — |
| 2023 | $192,208 | $8,000 | $92,027 | $12,400 | — |
| 2022 | $162,979 | $6,791 | $81,503 | — | $53,453 |