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Original filing (PDF)20250514133832NAL0012826931001
TRUSTEES OF TEAMSTERS LOCAL 97 BENEFITS FUND
Form 5500
FILING_RECEIVED
TEAMSTERS LOCAL 97 BENEFITS FUND
Health & welfare plan
Signals · 4
3 failed disclosures~3450 bps in Sched C feesNo recordkeeper disclosed17 service providers
Active participants
1,505
Accounts w/ balance
—
Plan assets (EOY)
$5.7M
Net assets (EOY)
$2.5M
Plan health score (directional)
77
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
75
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 3 Schedule C providers failed to disclose compensation.
- 3450 bps in Schedule C fees — 6535% above peer band of 52 bps.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TRUSTEES OF TEAMSTERS LOCAL 97 BENEFITS FUND.
Plan sponsor
Name
TRUSTEES OF TEAMSTERS LOCAL 97 BENEFITS FUND
EIN
22-2004832
Address
136 CENTRAL AVENUE, 1ST FLOOR · CLARK, NJ · 07066
Phone
(908) 810-0022
Industry
Transportation & Warehousingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2023
Plan year begin
2023-08-01
Tax period
2024-07-31
Filed
2025-05-14
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
Audit & trust (Schedule H)
Auditor
MSPC CERTIFIED PUBLIC ACCOUNTANTS &
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
17 rowsOther
17| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HORIZON BLUE CROSS & BLUE SHIELD | 22-0999690 | — | NONE | $820K | — |
| GLOBAL PHARMACEUTICAL BENEFITS, LLC | 27-3340151 | — | NONE | $269K | — |
| FABIAN & BYRN LLC | 25-1914887 | — | NONE | $175K | — |
| ELAINE ALESSIO | 22-2004832 | — | EMPLOYEE | $137K | — |
| CARMELLA RICCI | 22-2004832 | — | EMPLOYEE | $81K | — |
| MARY JO ESPOSITO | 22-2004832 | — | EMPLOYEE | $77K | — |
| CHRISTINE KNISPEL | 22-2004832 | — | EMPLOYEE | $76K | — |
| D.D. SERVICES, INC. | 11-2705347 | — | NONE | $58K | — |
| JENNIFER TURCIOS | 22-2004832 | — | EMPLOYEE | $52K | — |
| MSPC | 22-2951202 | — | NONE | $47K | — |
| JBM COMPUTER CONSULTANTS, INC. | 16-1173118 | — | NONE | $40K | — |
| METS SCHIRO & MCGOVERN, LLP | 75-3116930 | — | NONE | $37K | — |
| TEAMSTERS CENTER SERVICES FUND | 13-1964856 | — | NONE | $29K | — |
| O'SULLIVAN ASSOCIATES | 20-8199367 | — | NONE | $26K | — |
| MAGNACARE | 11-3410766 | — | NONE | $20K | — |
| COMERICA BANK | 42-1741646 | — | NONE | $15K | — |
| MARLIN LEASING CORPORATION | 22-3520555 | — | NONE | $9K | — |
Failed / refused disclosures (Sched C Part 2)
| Provider | Nondisclosure info |
|---|---|
| NWQ INVESTMENT MANAGEMENT CO., INC. | INFORMATION CONCERNING ANY INDIRECT COMPENSATION. |
| UBS FINANCIAL SERVICES, INC. | INFORMATION CONCERNING ANY INDIRECT COMPENSATION. |
| HORIZON BLUE CROSS & BLUE SHIELD | INFORMATION CONCERNING ANY INDIRECT COMPENSATION. |
Investments
The Schedule of Assets is filed as a free-form PDF attachment on EFAST2; we parse these offline and coverage is partial (priority is the largest plans by EOY assets). This plan also reports no pooled (Schedule D) interests, so its holdings aren’t hidden on a master-trust filing. The line-item data lives on DOL EFAST2 under the same ACK_ID.
See Methodology > Data linkages for how Form 5500 / Schedule H / Schedule D / Schedule of Assets fit together.