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 (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.1M

+4.6% from 2022

Total participants

No prior year

Average account balance

No prior year

Annual return

13.41%

+30.05 pp from 2022

Benchmarks

See 9,396 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,396 peers

Snapshot2023

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.8 years Service code 13 · EIN 27-2037969	Contract Administrator	$27,046
GLOBAL RETIREMENT PARTNERS LLC9+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Participants)	$23,525

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

$51K

Trustee / custodial$5K9.9%
Investment mgmt$22K43.6%
Contract admin$24K46.5%

% of EOY assets

0.988%

all-in expense ratio

Categories reported

3 / 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

$85,030-100.0%

$70,525-100.0%

$139,427-100.0%

Participation rate

0.0%

73.9%-73.9pp

68.4%-68.4pp

80.3%-80.3pp

Annual return

13.41%

30.35%-16.9pp

32.76%-19.3pp

373.27%-359.9pp

Employer contribution / active EE

$3,909-100.0%

$2,974-100.0%

$4,752-100.0%

Participant deferral / active EE

$5,891-100.0%

$4,567-100.0%

$6,711-100.0%

Admin fee / account holder

$8,908-100.0%

$6,413-100.0%

$11,404-100.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.8 years

Service code 13 · EIN 27-2037969

Contract Administrator

$27,046

GLOBAL RETIREMENT PARTNERS LLC9+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Participants)

$23,525

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