2023 Form 5500 filing — Teamsters Local Union 500 - Severance Trust Fund
Plain-English filing 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, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241014073142NAL0025663377002) for Teamsters Local Union 500 - Severance Trust Fund, reported by Teamsters Local Union 500 Severance Trust Fund Board Of Trustees under EIN 23-7376385 and plan number 001. It reports 2,120 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014073142NAL0025663377002
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Teamsters Local Union 500 Severance Trust Fund Board Of Trustees
- EIN
- 23-7376385
- Plan number
- 001
- Location
- Mount Laurel, NJ
- Participants
- 2,120
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $66,984,935
- Total liabilities (EOY)
- $147,653
- Net assets (EOY)
- $66,837,282
- Employer contributions
- $3,470,035
- Total income / additions
- $9,388,909
- Benefits paid
- $10,433,444
- Administrative expenses
- $287,004
- Total expenses
- $10,720,448
- Net increase / (decrease)
- -$1,331,539
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Beacon Administrators & Consultants | NONE | $131,440 | not reported in the loaded dataset |
| Novak Francella, LLC | NONE | $59,000 | not reported in the loaded dataset |
| Morgan Stanley-Graystone Consulting | NONE | $40,000 | not reported in the loaded dataset |
| Stevens & Lee Pc | NONE | $20,361 | not reported in the loaded dataset |
| Cleary, Josem & Trigiani Llp | NONE | $6,320 | not reported in the loaded dataset |