Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Local No. 469 Pension Fund
- Sponsor EIN: 226172237
- Sponsor Address: 3400 ROUTE 35, SUITE 8, HAZLET, NJ, 077301247
- Plan Type: DB
- Total Participants: 69
- Total Assets: $163.5M
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 | 69 | $163.5M | $1.1M | $0 |
| 2023 | 63 | $63.8M | $2.2M | $0 |
| 2022 | 84 | $68.7M | $4.2M | $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 |
|---|---|---|---|---|
| INVESTMENT PERFORMANCE SERVICES | Other Service Provider | $125,000 | — | $125,000 |
| WESTFIELD CAPITAL MANAGEMENT | Other Service Provider | $89,723 | — | $89,723 |
| O'SULLIVAN ASSOCIATES, INC. | Other Service Provider | $60,387 | — | $60,387 |
| FABIAN & BYRN LLC | Other Service Provider | $59,105 | — | $59,105 |
| WEDGE CAPITAL MANAGEMENT, LLP | Other Service Provider | $53,577 | — | $53,577 |
| INNOVATIVE SOFTWARE SOLUTIONS, INC. | Other Service Provider | $44,870 | — | $44,870 |
| AMALGATRUST | Other Service Provider | $38,255 | — | $38,255 |
| MSPC | Auditor | $37,444 | — | $37,444 |
| MARTHA DEFAZIO | Other Service Provider | $29,641 | — | $29,641 |
| HARDMAN JOHNSTON GLOBAL ADVISORS LL | Other Service Provider | $23,748 | — | $23,748 |
| PRUDENTIAL INSURANCE CO. | Recordkeeper | $22,027 | — | $22,027 |
| KROLL, HEINEMAN, PTASIEWICZ & PARSO | Other Service Provider | $7,764 | — | $7,764 |
| U.S. BANK NATIONAL ASSOCIATION | Recordkeeper | $6,588 | — | $6,588 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MSPC — Auditor
- PRUDENTIAL INSURANCE CO. — Recordkeeper
- U.S. BANK NATIONAL ASSOCIATION — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $598,129
- Estimated Expense Ratio: 0.366% 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 | $820,112 | $378,653 | $59,105 | $30,000 | — |
| 2023 | $735,038 | $348,885 | $20,180 | $34,695 | — |
| 2022 | $736,491 | $333,015 | $73,482 | — | $128,687 |