# Trustees Of Teamsters Local 408 Annuity Fund DC Plan
Source: https://planprovider.pro/companies/trustees-of-teamsters-local-408-annuity-fund-plan

> Trustees Of Teamsters Local 408 Annuity Fund's DC plan: 209 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/janney-montgomery-scott-llc) — NONE

- [MSPC](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|

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