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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 2022
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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
RICK PORTER
Signed 10/04/2023
(206) 329-4900
Plan administrator signer
CHUCK MACK
Signed 10/04/2023
How to read this page

Summary metrics

Total assets (EOY)
$53719.9M
-5.1% from 2016
Total participants
627,383
-1.6% from 2016
Average account balance
$0
No prior year
Annual return
-10.00%
-7.29 pp from 2016

Benchmarks

See 204 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort204 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$11,109
median $6,003
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,469,698
Admin fee / account holder
$0
median $19,323
Annual return
-10.00%
median -13.75%
Overall peer rank
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
ProviderService typeCompensation
NORTHWEST ADMINISTRATORS INC3 years
Service code 12 · EIN 91-0680697
Claims processing; Contract Administr...
$79,943,521
PRUDENTIAL INSURANCE CO8+ years
Service code 13 · EIN 22-1211670
Contract Administrator
$39,826,424
BLACKSTONE INFR ASSOCIATES LP2 years
Service code 52 · EIN 35-2606111
Indirect Investment Fees
$22,951,334
IFM INVESTORS PTY LTD4 years
Service code 52
26TH FLOOR · NEW YORK, NY 10036
Indirect Investment Fees
$21,374,727
THOMA BRAVO PARTNERS XIII LP3 years
Service code 52 · EIN 82-5004758
Indirect Investment Fees
$18,396,899
ENCAP EQUITY FUND XI GP LP3 years
Service code 52 · EIN 81-4542772
Indirect Investment Fees
$17,369,519
ENCAP EQUITY FUND X GP LP2 years
Service code 52 · EIN 47-2711804
Indirect Investment Fees
$15,329,099
CAMDEN ASSET MANAGEMENT LP3 years
Service code 19 · EIN 95-4319164
Securities Custodian
$15,139,587
ALAN D BILLER & ASSOCIATES INC3 years
Service code 27 · EIN 94-2854958
Advisory (Plan)
$12,684,333
GENSTAR CAPITAL IX LP1 year
Service code 52 · EIN 83-3126286
Indirect Investment Fees
$10,778,009

Enrolled actuary

1 attachment
MB

KENNETH GRANT CAMP

MILLIMAN, INC.
Enrollment #2307456
19200 VON KARMAN AVENUE
SUITE 950
IRVINE, CA 92612
(714) 933-1090
Signed 2023-08-27

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
$526.4M
$2293 / participant
  • Investment mgmt$355M67.5%
  • Contract admin$89M17.0%
  • Other / not subdivided$82M15.5%
% of EOY assets
0.980%
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