Trustees of Teamsters Local No. 469 Annuity Fund TrustProfit-sharing plan
TEAMSTERS LOCAL NO. 469 ANNUITY FUND · HAZLET, NJ · plan year 2024
Reported admin expense ratio · 2024
0.69%
Peer grade: B· admin costs + employer contributions vs same-size plans · how grading works
Trustees of Teamsters Local No. 469 Annuity Fund Trust reported $282,417 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $14,399 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 rose from 0.58% to 0.69%. 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 651st-largest of 2,419 plans among New Jersey employers on file, and the 436th of 2,677 in transportation & warehousing.
Plan summary
Net assets, end of year$41,178,675
Participants with balances468
Active participants236
Employer contributions$3,398,259
Employee contributions—
Employer contribution per active participant$14,399
Average account balance$87,989
Benefits paid to participants$5,356,656
Plan auditUnmodified (clean) audit opinion
AuditorMSPC CERTIFIED PUBLIC ACCOUNTANTS &
Plan history3
Yearassets · accounts · employer contribution
2024$41.2M · 468 accts · $3.4M emplr
2023$40.2M · 463 accts · $3.4M emplr
2022$38.5M · 482 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$76,547
Investment management$104,939
Audit (IQPA)$4,000
Trustee / custodial$2,096
Total administrative$282,417
Employer contributions to the Trustees of Teamsters Local No. 469 Annuity Fund Trust plan · 2024
Employer contribution per active participant$14,399
Median for plans this size$2,416
2024$14,399 per active participant
2023$13,920 per active participant
2022$12,440 per active participant
Trustees of Teamsters Local No. 469 Annuity Fund Trust'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 · 20247
INNOVATIVE SOFTWARE SOLUTIONS, INC. · Recordkeeping$18,924
Source: U.S. Department of Labor, Form 5500 series, EIN 222980666 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.