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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 2023
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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 10/03/2024
(206) 329-4900
Plan administrator signer
RICK PORTER
Signed 10/03/2024
How to read this page

Summary metrics

Total assets (EOY)
$57387.3M
-5.1% from 2016
Total participants
634,861
-1.6% from 2016
Average account balance
$0
No prior year
Annual return
8.23%
-7.29 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$11,095
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
8.23%
median 8.27%
Overall peer rank
49th 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 INC4 years
Service code 12 · EIN 91-0680697
Contract Administrator; Direct paymen...
$79,074,821
PRUDENTIAL INSURANCE CO9+ years
Service code 13 · EIN 22-1211670
Contract Administrator
$38,284,826
THOMA BRAVO UGP1 year
Service code 52 · EIN 84-3855110
Indirect Investment Fees
$31,767,689
IFM INVESTORS PTY LTD5 years
Service code 52
26TH FLOOR · NEW YORK, NY 100360000
Indirect Investment Fees
$22,127,447
BLACKSTONE INFR ASSOCIATES LP3 years
Service code 52 · EIN 35-2606111
Indirect Investment Fees
$14,174,675
INSIGHT ASSOCIATES OPPORTUNITIES I1 year
Service code 52 · EIN 98-1543738
Indirect Investment Fees
$11,697,094
ALAN D BILLER & ASSOCIATES INC4 years
Service code 27 · EIN 94-2854958
Advisory (Plan)
$11,446,350
BLACKSTONE INFR ADVISORS LLC5 years
Service code 52 · EIN 36-4887320
Indirect Investment Fees
$9,268,782
ENCAP EQUITY FUND XI GP LP4 years
Service code 52 · EIN 81-4542772
Indirect Investment Fees
$8,527,586
UBS REALTY INVESTORS LLC9+ years
Service code 28 · EIN 06-1452020
Investment Management
$7,970,036

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 2024-08-29

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
$615.8M
$2664 / participant
  • Recordkeeping$11M1.8%
  • Trustee / custodial$1M0.2%
  • Investment mgmt$366M59.5%
  • Legal$4M0.6%
  • Actuarial$770K0.1%
  • Other trustee fees$1M0.2%
  • Contract admin$77M12.5%
  • Other / not subdivided$154M25.1%
% of EOY assets
1.073%
all-in expense ratio
Categories reported
7 / 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
$518,039
Opinion code
Unqualified