Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees of Teamsters Local 814 Annuity FundProfit-sharing plan

TEAMSTERS LOCAL 814 ANNUITY FUND · NORTH HALEDON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.77%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Board of Trustees of Teamsters Local 814 Annuity Fund reported $246,912 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,396 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 1.04% to 0.77%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 785th-largest of 2,419 plans among New Jersey employers on file, and the 526th of 2,677 in transportation & warehousing. active participation has shrunk from 454 to 401 since 2022.

Plan summary
Net assets, end of year$32,696,826
Participants with balances755
Active participants401
Employer contributions$1,762,661
Employee contributions—
Employer contribution per active participant$4,396
Average account balance$43,307
Benefits paid to participants$1,768,018
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.7M · 755 accts · $1.8M emplr
2023$31.6M · 785 accts · $1.7M emplr
2022$29.6M · 791 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,900
Investment management$75,172
Audit (IQPA)$25,893
Total administrative$246,912
Employer contributions to the Board of Trustees of Teamsters Local 814 Annuity Fund plan · 2024
Employer contribution per active participant$4,396
Median for plans this size$2,416
2024$4,396 per active participant
2023$4,022 per active participant
2022$3,383 per active participant

Board of Trustees of Teamsters Local 814 Annuity Fund's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
NORTHERN NJ TEAMSTERS BENEFIT PLAN · Contract administrator$97,142
SEGAL MARCO ADVISORS · Investment advisory (plan)$50,000
CALIBRE CPA GROUP, PLLC · Accounting / audit$29,603
JP MORGAN CHASE BANK, NA · Investment management$25,172
COHEN WEISS AND SIMON LLP · Legal$8,754

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$246,912 · 0.77%
2023$320,557 · 1.05%
2022$330,648 · 1.04%
Similar plansTransportation & Warehousing · New Jersey
A.I.G. Trucking, Inc. NJ$34.7M · 0.27%
Alliance Shippers, Inc. NJ$33.4M · 0.30%
Dana Transport Inc. NJ$31.4M · 0.26%
Grocery Haulers, Inc. NJ$28.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 116234357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.