# Trustees Of Teamsters Local 408 Pension And Welfare Funds DB Plan
Source: https://planprovider.pro/companies/trustees-of-teamsters-local-408-pension-and-welfare-funds-plan

> Trustees Of Teamsters Local 408 Pension And Welfare Funds's DB plan: 175 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 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](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:** $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|

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