Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Local 408 Pension & Welfare Funds
- Sponsor EIN: 226172437
- Sponsor Address: 1907 MORRIS AVENUE, UNION, NJ, 070833506
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 161
- Total Assets: $13.8M
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 | 161 | $13.8M | $3.1M | $10,145 |
| 2023 | 156 | $13.0M | $3.2M | $11,537 |
| 2022 | 165 | $11.9M | $3.2M | $32,089 |
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 |
|---|---|---|---|---|
| HORIZON BLUE CROSS & BLUE SHIELD | Other Service Provider | $116,275 | — | $116,275 |
| THE SEGAL COMPANY | Other Service Provider | $74,901 | — | $74,901 |
| JANNEY MONTGOMERY SCOTT LLC | Investment Advisor | $64,014 | — | $64,014 |
| ROSALIND TOMEIO | Other Service Provider | $54,994 | — | $54,994 |
| SUSANNE LEBER | Other Service Provider | $50,681 | — | $50,681 |
| MSPC | Auditor | $44,527 | — | $44,527 |
| GENERAL PRESCRIPTION PROGRAMS, INC | Other Service Provider | $26,989 | — | $26,989 |
| FABIAN & BYRN LLC | Other Service Provider | $19,538 | — | $19,538 |
| OPPENHEIMER & CO., INC. | Other Service Provider | $17,382 | — | $17,382 |
| JBM COMPUTER CONSULTANTS, INC. | Other Service Provider | $15,322 | — | $15,322 |
| ZAZZALI, FAGELLA, NOWAK, KLEINBAUM | Other Service Provider | $12,124 | — | $12,124 |
| DELTA DENTAL | Other Service Provider | $9,103 | — | $9,103 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JANNEY MONTGOMERY SCOTT LLC — Investment Advisor
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $505,850
- Estimated Expense Ratio: 3.678% 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 | $647,714 | $81,396 | — | $22,000 | — |
| 2023 | $597,164 | $75,470 | — | $25,887 | — |
| 2022 | $513,466 | $86,450 | — | — | $80,905 |