Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Local 408 Pension And Welfare Funds
- Sponsor EIN: 226172437
- Sponsor Address: 1907 MORRIS AVENUE, UNION, NJ, 070833506
- Plan Type: DB
- Total Participants: 175
- Total Assets: $107.7M
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 | 175 | $107.7M | $2.5M | $0 |
| 2023 | 183 | $104.0M | $2.2M | $0 |
| 2022 | 189 | $93.2M | $4.5M | $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 | $194,512 | — | $194,512 |
| THE SEGAL COMPANY | NONE | $187,265 | — | $187,265 |
| OPPENHEIMER & CO., INC. | NONE | $108,041 | — | $108,041 |
| MSPC | ACCT FOR LOCAL 560 | $79,882 | — | $79,882 |
| BLACKROCK INSTUTIONAL TRUST CO. | NONE | $66,988 | — | $66,988 |
| ROSALIND TOMEIO | EMPLOYEE | $47,255 | — | $47,255 |
| KIMBERLY ROMEO | EMPLOYEE | $40,115 | — | $40,115 |
| COMERICA BANK & TRUST, NA | NONE | $26,806 | — | $26,806 |
| ZAZZALI, FAGELLA, NOWAK, KLEINBAUM | NONE | $18,715 | — | $18,715 |
| JBM COMPUTER CONSULTANTS, INC. | NONE | $11,916 | — | $11,916 |
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: $781,495
- Estimated Expense Ratio: 0.726% 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 | $997,288 | $396,347 | — | $35,000 | — |
| 2023 | $1,015,555 | $322,514 | — | $49,093 | — |
| 2022 | $793,454 | $225,161 | — | — | $250,943 |