Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Local 408 Annuity Fund
- Sponsor EIN: 223002089
- Sponsor Address: 1907 MORRIS AVENUE, UNION, NJ, 070833506
- Plan Type: DC
- Total Participants: 209
- Total Assets: $21.4M
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 | 209 | $21.4M | $1.7M | $0 |
| 2023 | 246 | $20.7M | $1.9M | $0 |
| 2022 | 271 | $19.0M | $1.9M | $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 |
|---|---|---|---|---|
| JANNEY MONTGOMERY SCOTT LLC | NONE | $94,764 | — | $94,764 |
| THE SEGAL COMPANY | NONE | $51,211 | — | $51,211 |
| MSPC | ACCT FOR LOCAL 560 | $41,784 | — | $41,784 |
| OPPENHEIMER & CO. INC. | NONE | $30,249 | — | $30,249 |
| JBM COMPUTER CONSULTANTS, INC. | NONE | $9,523 | — | $9,523 |
| ZAZZALI, FAGELLA, NOWAK, KLEINBAUM | NONE | $7,621 | — | $7,621 |
| COMERICA BANK & TRUST, N.A. | NONE | $6,515 | — | $6,515 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — NONE
- MSPC — ACCT FOR LOCAL 560
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $241,667
- Estimated Expense Ratio: 1.131% 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 | $339,533 | $125,013 | — | $5,000 | — |
| 2023 | $286,433 | $110,796 | — | $21,819 | — |
| 2022 | $286,948 | $135,886 | — | — | $41,332 |