Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Joint Council No. 10 Severance Plan
- Sponsor EIN: 056042482
- Sponsor Address: 544 MAIN STREET, BOSTON, MA, 02129
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 84
- Total Assets: $6.7M
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 | 84 | $6.7M | $549,538 | $0 |
| 2023 | 84 | $6.0M | $494,460 | $0 |
| 2022 | 85 | $5.5M | $485,769 | $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 |
|---|---|---|---|---|
| FEINBERG, DUMONT, & BRENNAN | Other Service Provider | $15,000 | — | $15,000 |
| NOVAK FRANCELLA, LLC | Auditor | $13,250 | — | $13,250 |
| INTERCONTINENTAL REAL ESTATE CORP. | Other Service Provider | $8,258 | — | $8,258 |
| MARQUETTE ASSOCIATES | Other Service Provider | $7,000 | — | $7,000 |
| US BANK | Recordkeeper | $5,807 | — | $5,807 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
- US BANK — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $49,315
- Estimated Expense Ratio: 0.741% 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 | $61,194 | $15,258 | — | $13,250 | — |
| 2023 | $49,841 | $15,061 | — | $13,250 | — |
| 2022 | $65,776 | $11,814 | — | — | $42,250 |