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Retirement plan

THE TEAMSTER - UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN

BOARD OF TRUSTEES OF THE TEAMSTERS - UPS 401K NATIONAL SAVINGS PLANEIN 95-1732075Plan #003PY 2024
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55 GLENLAKE PARKWAY NE - ATLANTA, GA 303283474404-828-8661
Other plans on this EIN
4 filings
#001Retirement-$21.24B assets#004Retirement-$14.19B assets#022Retirement-$9.28B assets#002Retirement-$676K assets
Prospect flagsLow participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(404) 828-8661
How to read this page

Summary metrics

Total assets (EOY)
$19309.2M
-9.7% from 2016
Total participants
478,185
-8.9% from 2016
Average account balance
$88,166
-6.4% from 2016
Annual return
15.01%
-10.01 pp from 2016

Benchmarks

See 51 peers
Peer group
Industry48 - Transportation and Warehousing
Plan typeDefined contribution
Participants>=10,000
Cohort51 peers
Snapshot2024
Participant deferral / active EE
$2,377
median $3,803
Employer contribution / active EE
$0
median $1,389
Participation rate
42.6%
median 64.2%
Avg account balance
$88,166
median $77,360
Admin fee / account holder
$39
median $72
Annual return
15.01%
median 14.54%
Overall peer rank
51st 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 10 by compensation
ProviderService typeCompensation
MELLON INVESTMENTS4 years
Service code 28 · EIN 25-1442864
Investment Management
$3,301,710
PRIAC3 years
Service code 14 · EIN 06-1050034
Plan Administrator
$897,826
BANK OF NEW YORK MELLON10+ years
Service code 18 · EIN 13-5160382
Custodial (securities); Direct paymen...
$748,057
EMPOWER ANNUITY INS AND ANNUITY CO1 year
Service code 15
8515 EAST ORCHARD ROAD · GREEDWOOD VILLAGE, CO 80111
Recordkeeping
$587,726
ADVISED ASSETS GROUP LLC1 year
Service code 28
8515 EAST ORCHARD ROAD · GREEDWOOD VILLAGE, CO 80111
Investment Management
$367,894
QDRO BENEFITS FIRM, SUSAN L. DUBROF6 years
Service code 29 · EIN 84-2015520
Legal
$252,496
ALAN D. BILLER & ASSOCIATES10+ years
Service code 27 · EIN 94-2854958
Advisory (Plan)
$115,000
MORNINGSTAR INVESTMENT MANAGEMENT5 years
Service code 27 · EIN 36-3297908
Advisory (Plan)
$76,600
BUCHBINDER TUNICK & COMPANY LLP3 years
Service code 10 · EIN 13-1578842
Accounting
$24,624
FEINBERG, DUMONT AND BRENNAN3 years
Service code 29 · EIN 85-4344180
Legal
$6,048

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 codes2F2G2J2K2R2S2T
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.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped
  • OpportunityLow participation

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

Expense breakdown

Schedule H Part II
Admin total
$8.5M
$19 / participant
  • Recordkeeping$5M52.7%
  • Trustee / custodial$699K8.2%
  • Investment mgmt$3M35.2%
  • Legal$267K3.1%
  • Other / not subdivided$63K0.7%
% of EOY assets
0.044%
all-in expense ratio
Categories reported
4 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
WEAVER AND TIDWELL, LLP
Auditor EIN
750786316
Audit fees
$24,693
Opinion code
Unqualified