Retirement plan

NEW ENGLAND TEAMSTERS LOCAL 25 SAVINGS AND INVESTMENT 401(K) PLAN

Name: TEAMSTERS LOCAL UNION NO. 25 - NEW ENGLAND TEAMSTERS LOCAL 25 SAVINGS AND INVESTMENT 401(K) PLAN (2024) Form 5500
Creator: TEAMSTERS LOCAL UNION NO. 25
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW ENGLAND TEAMSTERS LOCAL 25 SAVINGS AND INVESTMENT 401(K) PLAN, TEAMSTERS LOCAL UNION NO. 25

TEAMSTERS LOCAL UNION NO. 25EIN 04-1172100Plan #001PY 2024

544 MAIN STREET - CHARLESTOWN, MA 02129617-241-8825

Other plans on this EIN

1 filing

#002Retirement-$2.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.6M

+3.4% from 2023

Total participants

No prior year

Average account balance

No prior year

Annual return

9.11%

-5.64 pp from 2023

Benchmarks

See 9,725 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,725 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$9.63M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$831K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969	Recordkeeping	$63,899
GLOBAL RETIREMENT PARTNERS LLC10+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Participants)	$46,972
NEWPORT GROUP, INC.7 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (individual); Trustee (direct...	$7,518

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$118K

Recordkeeping$13K10.6%
Trustee / custodial$8K6.4%
Investment mgmt$47K39.7%
Contract admin$51K43.3%

% of EOY assets

1.230%

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: MANZI & ASSOCIATES LLC
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,691-100.0%

$76,119-100.0%

$145,884-100.0%

Participation rate

0.0%

74.5%-74.5pp

69.1%-69.1pp

80.3%-80.3pp

Annual return

9.11%

624.52%-615.4pp

361.25%-352.1pp

551.85%-542.7pp

Employer contribution / active EE

$3,329-100.0%

$2,693-100.0%

$4,662-100.0%

Participant deferral / active EE

$5,167-100.0%

$4,259-100.0%

$6,690-100.0%

Admin fee / account holder

$8,383-100.0%

$6,421-100.0%

$13,392-100.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9 years

Service code 15 · EIN 27-2037969

Recordkeeping

$63,899

GLOBAL RETIREMENT PARTNERS LLC10+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Participants)

$46,972

NEWPORT GROUP, INC.7 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (individual); Trustee (direct...

$7,518

NEW ENGLAND TEAMSTERS LOCAL 25 SAVINGS AND INVESTMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW ENGLAND TEAMSTERS LOCAL 25 SAVINGS AND INVESTMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion