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Retirement plan

WESTERN CONFERENCE OF TEAMSTERS PENSION PLAN

WESTERN CONFERENCE OF TEAMSTERS PENSION TRUST FUND BOARD OF TRUSTEESEIN 91-6145047Plan #001PY 2021
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2323 EASTLAKE AVE E - SEATTLE, WA 981023963206-329-4900LinkedIn1-10 employees
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
CHUCK MACK
Signed 10/08/2022
(206) 329-4900
Plan administrator signer
RICK PORTER
Signed 10/07/2022
How to read this page

Summary metrics

Total assets (EOY)
$60384.3M
-5.1% from 2016
Total participants
619,203
-1.6% from 2016
Average account balance
$0
No prior year
Annual return
12.40%
-7.29 pp from 2016

Benchmarks

See 206 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort206 peers
Snapshot2021
Participant deferral / active EE
$0
median $81
Employer contribution / active EE
$10,448
median $6,074
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
12.40%
median 11.59%
Overall peer rank
51st 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
ProviderService typeCompensation
NORTHWEST ADMINISTRATORS INC2 years
Service code 12 · EIN 91-0680697
Claims processing; Recordkeeping and ...
$77,497,294
GENSTAR CAPITAL PARTNERS LLC7+ years
Service code 52 · EIN 36-4810731
Indirect Investment Fees
$45,881,072
GREENBRIAR EQUITY CAPITAL IV LP1 year
Service code 52 · EIN 82-2838301
Indirect Investment Fees
$43,855,460
PRUDENTIAL INSURANCE CO7+ years
Service code 13 · EIN 22-1211670
Contract Administrator
$38,965,098
SUMMIT PARTNERS GE IX LP2 years
Service code 52 · EIN 47-3087648
Indirect Investment Fees
$31,339,317
IFM INVESTORS PTY LTD3 years
Service code 52
26TH FLOOR · NEW YORK, NY 10036
Indirect Investment Fees
$30,685,094
LONE STAR GLOBAL ACQUISITIONS LTD2 years
Service code 52 · EIN 75-2787141
Indirect Investment Fees
$29,301,300
GENERAL ATLANTIC SERVICE CO LP2 years
Service code 52 · EIN 13-3491941
Indirect Investment Fees
$28,773,112
AUDAX MANAGEMENT COMPANY LLC2 years
Service code 52 · EIN 04-3477377
Indirect Investment Fees
$27,477,784
ENCAP EQUITY FUND X GP LP1 year
Service code 52 · EIN 47-2711804
Indirect Investment Fees
$19,510,285

Enrolled actuary

1 attachment
MB

KENNETH GRANT CAMP

MILLIMAN, INC.
Enrollment #2007456
19200 VON KARMAN AVENUE
SUITE 950
IRVINE, CA 92612
(714) 933-1090
Signed 2022-08-26

Reportable transactions (Schedule G)

2 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.

CategoryCounterpartyRelationship / TermsAddressAmount
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
  • 1B
    Benefits are primarily flat dollar
    Benefits 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
$737.5M
$3256 / participant
  • Investment mgmt$597M81.0%
  • Contract admin$87M11.8%
  • Other / not subdivided$53M7.2%
% of EOY assets
1.221%
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
WITHUMSMITH + BROWN, PC
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Unqualified