Plan Snapshot
- Plan Sponsor: Trustees Teamsters Local 346 Savings & 401(K) Plan
- Sponsor EIN: 411872921
- Sponsor Address: 2002 LONDON ROAD, ROOM 300, DULUTH, MN, 558122151
- Plan Type: 401(k)
- Total Participants: 486
- Total Assets: $29.6M
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 | 486 | $29.6M | $1.3M | $399,031 |
| 2023 | 312 | $26.6M | $1.2M | $423,444 |
| 2022 | 214 | $23.5M | $1.4M | $424,264 |
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 |
|---|---|---|---|---|
| LEGACY PROFESSIONALS LLP | Auditor | $12,000 | — | $12,000 |
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: $12,000
- Estimated Expense Ratio: 0.041% 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 | $139,247 | $45,000 | $25,060 | $12,000 | — |
| 2023 | $133,256 | $41,500 | $24,120 | $12,000 | — |
| 2022 | $135,760 | $41,500 | $23,220 | — | $55,525 |