# Trustees Teamsters Local 346 Savings & 401(K) Plan 401(k) Plan
Source: https://planprovider.pro/companies/trustees-teamsters-local-346-savings-401-k-plan-plan

> Trustees Teamsters Local 346 Savings & 401(K) Plan's 401(k) plan: 486 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|

## Similar Plans

- [Kottkes' Bus Service, INC.](https://planprovider.pro/companies/kottkes-bus-service-inc-401k-plan) — 106 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/trustees-teamsters-local-346-savings-401-k-plan-plan)

© 2026 PlanProvider.Pro