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Retirement plan

TEAMSTERS/UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN

BOARD OF TRUSTEES OF THE TEAMSTERS- UPS 401K NATIONAL SAVINGS PLANEIN 95-1732075Plan #003PY 2017
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55 GLENLAKE PARKWAY NE - ATLANTA, GA 30328404-828-8661
Other plans on this EIN
4 filings
#001Retirement-$24.49B assets#004Retirement-$8.95B assets#022Retirement-$8.66B assets#002Retirement-$588K assets
Prospect flagsLow returnsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(404) 828-8661
Plan administrator signer
B.J. DORFMAN
Signed 10/09/2018
How to read this page

Summary metrics

Total assets (EOY)
$11471.4M
-9.7% from 2016
Total participants
461,685
-8.9% from 2016
Average account balance
$79,306
-6.4% from 2016
Annual return
14.39%
-10.01 pp from 2016

Benchmarks

See 41 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants>=10,000
Cohort41 peers
Snapshot2017
Participant deferral / active EE
$1,295
median $2,975
Employer contribution / active EE
$0
median $1,269
Participation rate
28.5%
median 65.5%
Avg account balance
$79,306
median $74,515
Admin fee / account holder
$61
median $54
Annual return
14.39%
median 17.42%
Overall peer rank
31st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$19.31B
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.
219,009
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
42.6%
Contributions (total)
Employer and participant dollars contributed each year
$1.07B
Contributions per participant
Average employer and participant contribution per enrolled participant
$2K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+15.01%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$39
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 9 by compensation
ProviderService typeCompensation
PRUDENTIAL RETIREMENT INSURANCE3+ years
Service code 13 · EIN 06-1050034
Contract Administrator
$4,988,207
MELLON CAPITAL MANAGEMENT2 years
Service code 28 · EIN 22-1442864
Investment Management
$3,062,575
BANK OF NEW YORK MELLON3+ years
Service code 19 · EIN 13-5160382
Securities Custodian
$472,519
AON RISK SERVICES SOUTH, INC1 year
Service code 22 · EIN 15-6092796
Insurance Broker
$130,093
BENEFITS LAW GROUP3+ years
Service code 29 · EIN 58-2277319
Legal
$97,545
ALAN D. BILLER & ASSOCIATES3+ years
Service code 28 · EIN 94-2854958
Investment Management
$56,954
O'DWYER & BERSTIEN3+ years
Service code 16 · EIN 13-5286665
Consulting
$33,057
BUCHBINDER TUNICK & COMPANY3+ years
Service code 10 · EIN 13-1578842
Accounting
$15,000
CICCARELLO, DEL GIUDICE & LAFON3+ years
Service code 29 · EIN 55-0711953
Legal
$8,600

Top hat statement on fileNQDC

Filed December 16, 2016 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2J2F2K2G
Plan features
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II
Admin total
$8.9M
$20 / participant
  • Investment mgmt$4M39.9%
  • Contract admin$5M56.3%
  • Other / not subdivided$343K3.9%
% of EOY assets
0.077%
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
BUCHBINDER TUNICK & COMPANY LLP
Auditor EIN
131578842
Audit fees
(not subdivided)
Opinion code
Unqualified