Plan Snapshot
- Plan Sponsor: Trustees Of Teamsters Union No. 142 Health And Welfare Trust Fund
- Sponsor EIN: 350918199
- Sponsor Address: 1300 CLARK ROAD, GARY, IN, 46404
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,008
- Total Assets: $29.2M
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. |
|---|---|---|---|---|
| 2024 | 1,008 | $29.2M | $714,789 | $166,250 |
| 2023 | 1,018 | $27.5M | $624,800 | $151,550 |
| 2022 | 984 | $24.7M | $550,607 | $172,400 |
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 |
|---|---|---|---|---|
| SAV-RX PRESCRIPTION SERVICES | Other Service Provider | $125,796 | — | $125,796 |
| LEGACY PROFESSIONALS LLP | Auditor | $57,300 | — | $57,300 |
| JAY SMITH | Other Service Provider | $36,088 | — | $36,088 |
| CHRISTINA HERNANDEZ | Other Service Provider | $32,555 | — | $32,555 |
| THE SEGAL COMPANY | Other Service Provider | $29,156 | — | $29,156 |
| ALLIED BENEFIT SYSTEMS | Other Service Provider | $27,756 | — | $27,756 |
| ASHER, GITTLER & D'ALBA, LTD. | Other Service Provider | $26,400 | — | $26,400 |
| INVESTMENT CONSULTING SERVICES, LLC | Other Service Provider | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $351,051
- Estimated Expense Ratio: 1.202% 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 | $260,158 | $19,780 | — | $39,000 | — |
| 2023 | $277,091 | $32,132 | — | $38,500 | — |
| 2022 | $250,746 | $30,581 | — | — | $100,633 |