Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Local No. 301
- Sponsor EIN: 366125658
- Sponsor Address: 36990 N GREENBAY ROAD, WAUKEGAN, IL, 60087
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 919
- Total Assets: $76.2M
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. |
|---|---|---|---|---|
| 2025 | 919 | $76.2M | $0 | $0 |
| 2024 | 805 | $70.9M | $16.7M | $677,382 |
| 2023 | 783 | $66.9M | $15.6M | $725,123 |
| 2022 | 779 | $59.8M | $15.1M | $873,074 |
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 |
|---|---|---|---|---|
| OPTUM RX, INC | Other Service Provider | $2,905,974 | $7,578 | $2,913,552 |
| MIDWEST COALITION OF LABOR | Other Service Provider | $566,312 | — | $566,312 |
| TEAMSTERS LOCAL UNION 301 GENERAL | Other Service Provider | $487,534 | — | $487,534 |
| ELLITE ADMINISTRATION & INSURANCE | Other Service Provider | $178,588 | $3,653 | $182,241 |
| FOSTER & FOSTER | Other Service Provider | $114,250 | — | $114,250 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $101,878 | — | $101,878 |
| SARA HAFFNER-WOLF | Other Service Provider | $96,606 | — | $96,606 |
| FRANK J. BAKER & COMPANY | Other Service Provider | $73,172 | — | $73,172 |
| MCGANN KETTERMAN & RIOUX | Other Service Provider | $66,577 | — | $66,577 |
| SEGALL BRYANT & HAMILL | Other Service Provider | $63,677 | — | $63,677 |
| GREAT LAKES ADVISORS, LLC | Other Service Provider | $49,023 | — | $49,023 |
| LIRACOM LLC | Other Service Provider | $36,349 | — | $36,349 |
| INETICO, LLC DBA VALENZ CARE | Other Service Provider | $30,368 | — | $30,368 |
| MARQUETTE ASSOCIATES, INC. | Other Service Provider | $25,000 | — | $25,000 |
| OPTUM FINANCIAL | Other Service Provider | $24,211 | — | $24,211 |
| DELTA DENTAL OF ILLINOIS | Other Service Provider | $17,570 | — | $17,570 |
| ONSITE LOGIC | Other Service Provider | $13,662 | — | $13,662 |
| GREEN LIGHT COST MANAGEMENT, LLC | Other Service Provider | $12,000 | — | $12,000 |
| US BANK NATIONAL ASSOCIATION | Other Service Provider | $11,602 | — | $11,602 |
| IFEBP | Other Service Provider | $11,557 | — | $11,557 |
| CLAIMS-X-CHANGE, LLC | Other Service Provider | $9,000 | — | $9,000 |
| WEST END PRESS INC | Other Service Provider | $7,439 | — | $7,439 |
| DATAMATION IMAGING SERVICES | Other Service Provider | $6,570 | — | $6,570 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,920,150
- Estimated Expense Ratio: 6.460% 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 |
|---|---|---|---|---|---|
| 2025 | $20,137,880 | $137,699 | $768,865 | $63,900 | — |
| 2024 | $1,300,030 | $131,056 | $587,934 | $62,025 | — |
| 2023 | $1,308,804 | $123,233 | $603,084 | $59,270 | — |
| 2022 | $1,187,372 | $129,793 | $588,581 | — | $167,504 |