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Original filing (PDF)20251014124049NAL0002926193001
TRUSTEES OF TEAMSTERS LOCAL 408 PENSION & WELFARE FUNDS
Form 5500
FILING_RECEIVED
TEAMSTERS LOCAL 408 WELFARE PLAN
Health & welfare plan
Signals · 4
49% in single holding~368 bps in Sched C feesNo recordkeeper disclosed12 service providers
Active participants
161
Accounts w/ balance
—
Plan assets (EOY)
$13.8M
Net assets (EOY)
$13.0M
How this plan invests
This plan
14 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
84
/ 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
100
Concentration risk
76
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Pimco Income Fund I-2" is 49% of plan.
- 368 bps in Schedule C fees — 1168% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TRUSTEES OF TEAMSTERS LOCAL 408 PENSION & WELFARE FUNDS.
Plan sponsor
Name
TRUSTEES OF TEAMSTERS LOCAL 408 PENSION & WELFARE FUNDS
EIN
22-6172437
Address
1907 MORRIS AVENUE · UNION, NJ · 070833506
Phone
(908) 964-9177
Industry
Transportation & Warehousingsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
Audit & trust (Schedule H)
Auditor
MSPC CPA'S & ADVISORS
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
12 rowsOther
12| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HORIZON BLUE CROSS & BLUE SHIELD | 22-0999690 | — | NONE | $116K | — |
| THE SEGAL COMPANY | 13-1835864 | — | NONE | $75K | — |
| JANNEY MONTGOMERY SCOTT LLC | 23-0731260 | — | NONE | $64K | — |
| ROSALIND TOMEIO | 22-6172437 | — | EMPLOYEE | $55K | — |
| SUSANNE LEBER | 22-6172437 | — | EMPLOYEE | $51K | — |
| MSPC | 22-2951202 | — | ACCT FOR LOCAL 560 | $45K | — |
| GENERAL PRESCRIPTION PROGRAMS, INC | 13-3271051 | — | NONE | $27K | — |
| FABIAN & BYRN LLC | 25-1914887 | — | NONE | $20K | — |
| OPPENHEIMER & CO., INC. | 13-5657518 | — | NONE | $17K | — |
| JBM COMPUTER CONSULTANTS, INC. | 16-1173118 | — | NONE | $15K | — |
| ZAZZALI, FAGELLA, NOWAK, KLEINBAUM | 22-1973215 | — | NONE | $12K | — |
| DELTA DENTAL | 22-1896118 | — | NONE | $9K | — |
Investments
14 direct securities· $13.0M(95% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Pimco Income Fund I-2 | — | — | $6.9M | $6.3M | 46.1% | |
| Lord Abbett Investment Grade | — | — | $1.4M | $1.4M | 10.2% | |
| SPDR S&P 500 Etf Trust | — | — | $1.3M | $1.3M | 9.5% | |
| Wisdomtree Trust US Duv Grwth Fund | — | — | $889K | $930K | 6.8% | |
| Janney Advantage Insured Sweep Varies N/A | — | — | $821K | $821K | 6.0% | |
| Invesco QQQ Tr Series 1 | — | — | $700K | $721K | 5.2% | |
| Wisdomtree | — | — | $503K | $508K | 3.7% | |
| Lord Abbett Short Duration High Yield Cl F | — | — | $413K | $414K | 3.0% | |
| Elililly & Co | — | — | $197K | $183K | 1.3% | |
| Amazon Com Inc | — | — | $115K | $154K | 1.1% | |
| Nvdia Corp | — | — | $91K | $151K | 1.1% | |
| Sector SPDR Financial | — | — | $41K | $44K | 0.3% | |
| Mastercard Inc | — | — | $26K | $44K | 0.3% | |
| Interest Bearing Cash Varies N/A $ | — | — | $3K | $3K | <0.1% |