Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) Plan: Login, Facts & Contact Information

Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) Plan Facts

Plan name
TEAMSTERS LOCAL 346 SAVINGS & 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
TRUSTEES TEAMSTERS LOCAL 346 SAVINGS & 401(K) PLAN
Participants
583 (486 active employees)
Former employees with a balance
266
Plan assets
$29,563,053 at Dec 31, 2024
Average account balance
$38,645 across 765 accounts
Employer contributions
$1,320,826 in plan year 2024 (77% of all contributions)
Recordkeeper
Alerus Retirement Solutions
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 17, 1997
Employer contributions Automatic enrollment Default investment for undecided participants Participants choose their own investments Self-directed brokerage window Profit sharing Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.72 million went into the plan in contributions, $1.32 million of it from the employer (77%).
  • $1.84 million was paid out to participants.
  • Investment and other income added $3.22 million.
  • Administrative expenses were $139,247, about $182 per account.

How the Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,022$21.7 million$1.15 million$1.62 million
2020805$25.4 million$1.29 million$1.20 million
2021671$28.0 million$1.51 million$1.77 million
2022570$23.5 million$1.36 million$2.11 million
2023537$26.6 million$1.20 million$2.01 million
2024583$29.6 million$1.32 million$1.84 million

Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) Contact Information

Phone
218-727-7929
Mailing address
2002 LONDON ROAD, ROOM 300, DULUTH MN 558122151
Plan sponsor
TRUSTEES TEAMSTERS LOCAL 346 SAVINGS & 401(K) PLAN
Employer identification number (EIN)
41-1872921
Plan number
001

Questions about the Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k)

Does Trustees Teamsters Local 346 Savings & 401(k) Plan contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $1.32 million in employer contributions for plan year 2024.

Does the Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) plan?

583 participants at the start of plan year 2024, 486 of them active employees, and 266 former employees who still had money in the plan.

What is the average 401(k) balance at Trustees Teamsters Local 346 Savings & 401(k) Plan?

About $38,645 per account: $29.6 million in plan assets across 765 accounts with a balance at the end of plan year 2024.

Who manages the Trustees Teamsters Local 346 Savings & 401(k) Plan 401(k) accounts?

Alerus (listed on the filing as ALERUS RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Trustees Teamsters Local 346 Savings & 401(k) Plan. How do I access my 401(k)?

Your account stays with Alerus after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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