Teamsters Local Union 500 - Severance Trust Fund — Form 5500 plan (Teamsters Local Union 500 Severance Trust Fund Board Of Trustees)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Teamsters Local Union 500 - Severance Trust Fund is a benefit plan reported by Teamsters Local Union 500 Severance Trust Fund Board Of Trustees under EIN 23-7376385 and plan number 001. The latest loaded filing year is 2023. The filing reports 2,120 participants and $66,984,935 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Teamsters Local Union 500 Severance Trust Fund Board Of Trustees
- EIN
- 23-7376385
- Plan number
- 001
- Plan type
- 1
- Location
- Mount Laurel, NJ
- Latest filing year
- 2023
- Participants
- 2,120
- End-of-year plan assets
- $66,984,935
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 2,120 | H, C | 20241014073142NAL0025663377002 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $66,984,935
- Total liabilities (EOY)
- $147,653
- Net assets (EOY)
- $66,837,282
- Net assets (BOY)
- $68,168,821
Income & contributions
- Employer contributions
- $3,470,035
- Total contributions
- $3,470,035
- Total income / additions
- $9,388,909
Expenses & distributions
- Benefits paid
- $10,433,444
- Administrative expenses
- $287,004
- Total expenses
- $10,720,448
- Net increase / (decrease)
- -$1,331,539
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Beacon Administrators & Consultants | NONE | $131,440 | not reported in the loaded dataset | 2023 |
| Novak Francella, LLC | NONE | $59,000 | not reported in the loaded dataset | 2023 |
| Morgan Stanley-Graystone Consulting | NONE | $40,000 | not reported in the loaded dataset | 2023 |
| Stevens & Lee Pc | NONE | $20,361 | not reported in the loaded dataset | 2023 |
| Cleary, Josem & Trigiani Llp | NONE | $6,320 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Teamsters Local Union 500 Severance Trust Fund Board Of Trustees
- 2023 Form 5500 filing
- Form 5500 filings in NJ
- 401(k) and benefit plan filings in Mount Laurel, NJ
- Beacon Administrators & Consultants — Schedule C compensation
- Novak Francella, LLC — Schedule C compensation
- Morgan Stanley-Graystone Consulting — Schedule C compensation
- Stevens & Lee Pc — Schedule C compensation
- Cleary, Josem & Trigiani Llp — Schedule C compensation