Retirement plan
WESTERN CONFERENCE OF TEAMSTERS PENSION PLAN
WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST FUND BOARD OF TRUSTEESEIN 91-6145047Plan #001PY 2020
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
CHUCK MACK
Signed 10/05/2021
Summary metrics
Total assets (EOY)
$54358.7M
-5.1% from 2016
Total participants
611,219
-1.6% from 2016
Average account balance
$0
No prior year
Annual return
10.91%
-7.29 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort212 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $23
51
Employer contribution / active EE
$9,938
median $5,975
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
35
Annual return
10.91%
median 12.84%
Overall peer rank
43of 100
43rd 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 |
|---|---|---|
Service code 12 · EIN 91-0680697 | Claims processing; Contract Administr... | $73,866,233 |
PRUDENTIAL INSURANCE CO6+ years Service code 13 · EIN 22-1211670 | Contract Administrator | $39,905,139 |
Service code 19 · EIN 95-4319164 | Securities Custodian | $23,314,063 |
GENSTAR CAPITAL PARTNERS LLC6+ years Service code 52 · EIN 36-4810731 | Indirect Investment Fees | $22,202,514 |
SUMMIT PARTNERS GE IX LP1 year Service code 52 · EIN 47-3087648 | Indirect Investment Fees | $16,479,433 |
Service code 52 · EIN 13-3491941 | Indirect Investment Fees | $15,663,170 |
IFM INVESTORS PTY LTD2 years Service code 52 26TH FLOOR · NEW YORK, NY 10036 | Indirect Investment Fees | $10,703,992 |
Service code 27 · EIN 94-2854958 | Advisory (Plan) | $10,291,695 |
UBS REALTY INVESTORS LLC6+ years Service code 28 · EIN 06-1452020 | Investment Management | $8,776,959 |
Service code 52 · EIN 04-3477377 | Indirect Investment Fees | $8,494,832 |
Enrolled actuary
1 attachment
MB
PETER R. STURDIVAN
MILLIMAN, INC.
Enrollment #2004239
1455 SW BROADWAY, SUITE 1600
PORTLAND, OR 97201
(503) 227-0634
Signed 2021-09-10
Reportable transactions (Schedule G)
15 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 AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
| Part 1 Loan in default | LEHMAN BROTHERS | — | 745 7TH AVE. NEW YORK, NY 10019 | — |
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
1 tripped
- 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
$451.3M
$2022 / participant
- Investment mgmt$309M68.4%
- Contract admin$83M18.4%
- Other / not subdivided$60M13.2%
% of EOY assets
0.830%
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