Retirement plan

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN

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

NEW ENGLAND TEAMSTERS LOCAL UNION NO. 25 (SIP)EIN 04-3320357Plan #001PY 2024

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.2M

+2.5% from 2023

Total participants

No prior year

Average account balance

No prior year

Annual return

9.36%

-4.05 pp from 2023

Benchmarks

See 9,765 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,765 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

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

$251K

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

+9.36%

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 13 · EIN 27-2037969	Contract Administrator	$34,884
GLOBAL RETIREMENT PARTNERS LLC10+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Participants)	$26,389
NEWPORT GROUP, INC.5 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (individual); Trustee (bank, ...	$5,360

Plan features & details

Pension benefit codes2F2G2J2T

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.
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

$67K

Recordkeeping$1K2.2%
Trustee / custodial$5K8.0%
Investment mgmt$26K39.6%
Contract admin$33K50.2%

% of EOY assets

1.270%

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

$90,397-100.0%

$76,002-100.0%

$145,959-100.0%

Participation rate

0.0%

74.5%-74.5pp

69.1%-69.1pp

80.3%-80.3pp

Annual return

9.36%

621.97%-612.6pp

360.07%-350.7pp

561.95%-552.6pp

Employer contribution / active EE

$3,317-100.0%

$2,688-100.0%

$4,661-100.0%

Participant deferral / active EE

$5,163-100.0%

$4,257-100.0%

$6,689-100.0%

Admin fee / account holder

$8,369-100.0%

$6,414-100.0%

$13,398-100.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9 years

Service code 13 · EIN 27-2037969

Contract Administrator

$34,884

GLOBAL RETIREMENT PARTNERS LLC10+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Participants)

$26,389

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (individual); Trustee (bank, ...

$5,360

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT 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