Back to filter
Original filing (PDF)20251009085903NAL0003438019001
TEAMSTERS LOCAL NO. 623 LEGAL SERVICES FUND
Form 5500
FILING_RECEIVED
TEAMSTERS LOCAL NO. 623 LEGAL SERVICES FUND
Health & welfare plan
Signals · 3
46% in single holding~2011 bps in Sched C feesNo recordkeeper disclosed
Active participants
4,084
Accounts w/ balance
—
Plan assets (EOY)
$887K
Net assets (EOY)
$865K
How this plan invests
This plan
17 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
85
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
77
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- Top holding "Federal Credit $816,779." is 46% of plan.
- 2011 bps in Schedule C fees — 1173% above peer band of 158 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for TEAMSTERS LOCAL NO. 623 LEGAL SERVICES FUND.
Plan sponsor
Name
TEAMSTERS LOCAL NO. 623 LEGAL SERVICES FUND
EIN
23-2224686
Address
4369 RICHMOND ST · PHILADELPHIA, PA · 191371911
Phone
(215) 289-0580
Industry
Finance & Insurancesee 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
2025-10-09
Welfare benefit codes
4G · Prepaid Legal
Audit & trust (Schedule H)
Auditor
PERRY N BLACKMAN CPA
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsOther
3| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WILLIG, WILLIAMS & DAVIDSON | 23-2416488 | PHILADELPHIA, PA | NONE | $164K | — |
| PERRY N. BLACKMAN, CPA | 23-2244789 | LANGHORNE, PA | NONE | $8K | — |
| CHELTENHAM PRINTING COMPANY | — | CHELTENHAM, PA | NONE | $6K | — |
Investments
17 direct securities· $1.6M(100% of reported assets)
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Federal Credit $816,779. | — | — | $817K | $738K | 83.2% | |
| Texas TX Upper Darby Bel/Te/co Union 06/24/2024 | — | — | $123K | $128K | 14.4% | |
| Asset Upper Darby Bell Tel/co Federal Credit Union . 60% 6/24/2024 | — | — | $123K | $123K | 13.8% | |
| Celtic Club Kansas City 1.20% 1/29/2031 | — | — | $100K | $87K | 9.8% | |
| State Bank India NY Exchange Crowley 1.05% 3/24/2028 | — | — | $85K | $77K | 8.7% | |
| Bank CD Salt Lake City 1.10% 12/27/2030 | — | — | $88K | $74K | 8.4% | |
| JP Morgan OH Chase Columbus 1.00% 11/30/2029 | — | — | $75K | $63K | 7.1% | |
| Morgan Stanley NY Salt Lake City 1.70% 3/5/2025 | — | — | $60K | $60K | 6.7% | |
| JP Morgan OH Chase Columbus 1.15% 11/29/2030 | — | — | $65K | $53K | 6.0% | |
| JP Morgan OH Chase Columbus 1.00% 6/29/2029 | — | — | $55K | $47K | 5.2% | |
| Bank New York 1.50% 6/16/2028 | — | — | $45K | $41K | 4.7% | |
| Merchants Bank ND New York 1.55% 4/2/2025 | — | — | $40K | $40K | 4.5% | |
| JP Morgan OH Chase Columbus 1.00% 4/16/2029 | — | — | $20K | $17K | 1.9% | |
| Morgan Stanley Peoples Rock Valley IA 0.90% 1/15/2030 | — | — | $19K | $16K | 1.8% | |
| JP Morgan OH Rugby 1.00% 2/26/2030 | — | — | $15K | $13K | 1.5% | |
| JP Morgan OH Chase Columbus 1.20% 12/27/2030 | — | — | $15K | $12K | 1.4% | |
| Country MO Chase Columbus 0.80% 3/15/2028 | — | — | $12K | $11K | 1.2% |