Retirement plan
WESTERN CONFERENCE OF TEAMSTERS PENSION PLAN
WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST FUND BOARD OF TRUSTEEEIN 91-6145047Plan #001PY 2016
Prospect flagsHigh retiree %High cash
Filing contacts
From the Form 5500, federal recordPlan administrator signer
EDWARD LENHART
Signed 10/05/2017
Summary metrics
Total assets (EOY)
$42523.1M
-5.1% from 2016
Total participants
571,771
-1.6% from 2016
Average account balance
$0
No prior year
Annual return
7.83%
-7.29 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort244 peers
Snapshot2016
0
Participant deferral / active EE
$0
median $34
49
Employer contribution / active EE
$8,153
median $6,216
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $40,289
0
Admin fee / account holder
$0
median $312
70
Annual return
7.83%
median 6.89%
Overall peer rank
60of 100
60th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$56.41B
Average account balance
Total assets / participants with a balance (line 6g)
$88K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
407,869
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$2.65B
Contributions per participant
Average employer and participant contribution per enrolled participant
$11K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
-0.29%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NORTHWEST ADMINISTRATORS, INC2+ years Service code 12 · EIN 91-0680697 | Claims processing; Contract Administr... | $57,508,219 |
PRUDENTIAL INSURANCE CO2+ years Service code 13 · EIN 22-1211670 | Contract Administrator | $45,023,682 |
Service code 52 | Indirect Investment Fees | $16,711,328 |
ENCAP EQUITY FUND IX GP, LP2+ years Service code 52 · EIN 90-0899127 | Indirect Investment Fees | $14,663,867 |
CAMDEN ASSET MANAGEMENT, LP2+ years Service code 28 · EIN 95-4319164 | Investment Management | $12,031,604 |
Service code 52 · EIN 75-2787141 | Indirect Investment Fees | $11,319,748 |
UBS REALTY INVESTORS LLC2+ years Service code 28 · EIN 06-1452020 | Investment Management | $7,906,784 |
Service code 52 · EIN 13-3200244 | Indirect Investment Fees | $7,905,888 |
ALAN D. BILLER & ASSOCIATES, INC2+ years Service code 17 · EIN 94-2854958 | Pension Consulting | $6,831,966 |
OAKTREE CAPITAL MANAGEMENT LP2+ years Service code 28 · EIN 26-0189082 | Investment Management | $6,741,960 |
Enrolled actuary
1 attachment
MB
PETER R. STURDIVAN
MILLIMAN, INC.
Enrollment #1704239
111 SW FIFTH AVENUE, SUITE 2700
PORTLAND, OR 97204
(503) 227-0634
Signed 2017-09-13
Reportable transactions (Schedule G)
22 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVENUE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | TRIBUNE COMPANY | — | 435 NORTH MICHIGAN AVENUE CHICAGO, IL 60611 | — |
| Part 1 Loan in default | L'ARTE DELLA CUCINA, LLC | — | 414 NE 2ND AVENUE MIAMI, FL 33137 | — |
| Part 1 Loan in default | JDC DRILLING COMPANY, LLC | — | 3801 S. BRYANT AVENUE OKLAHOMA CITY, OK 73115 | — |
| Part 1 Loan in default | SS EQUIPMENT SERVICES II, LLC | — | 114 N. MAIN STREET COTULLA, TX 78014 | — |
| Part 1 Loan in default | UGHS | — | 7501 FANNIN STREET HOUSTON, TX 77054 | — |
| Part 1 Loan in default | RANGER OFFSHORE, INC | — | SUITE 1000 10370 RICHMOND AVENUE HOUSTON, TX 77042 | — |
| Part 2 Lease in default | FLORIN TOWN CENTER, IMPULSE | RETAIL TENANT SEE ATTACHED "OVERDUE LEASE EXPLANATION" FOR COMPLETE DESCRIPTION OF LEASE AND COLLECTION EFFORTS | — | $0 |
Plan features & details
Pension benefit codes1B
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
Opportunity flags
2 tripped
- OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$297.8M
$1442 / participant
- Investment mgmt$199M66.7%
- Contract admin$68M22.8%
- Other / not subdivided$31M10.5%
% of EOY assets
0.700%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- LINDQUIST LLP
- Auditor EIN
- 522385296
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified