# Trustees Of Teamsters Local 408 Pension & Welfare Funds 401(k) Plan
Source: https://planprovider.pro/companies/trustees-of-teamsters-local-408-pension-welfare-funds-226172437-501

> Trustees Of Teamsters Local 408 Pension & Welfare Funds's 401(k) plan: 161 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 & 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](https://planprovider.pro/provider/janney-montgomery-scott-llc) — Investment Advisor

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

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