Retirement plan

UPS/IPA DEFINED CONTRIBUTION MONEY PURCHASE PENSION PLAN

Name: UNITED PARCEL SERVICE COMPANY - UPS/IPA DEFINED CONTRIBUTION MONEY PURCHASE PENSION PLAN (2023) Form 5500
Creator: UNITED PARCEL SERVICE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPS/IPA DEFINED CONTRIBUTION MONEY PURCHASE PENSION PLAN, UNITED PARCEL SERVICE COMPANY

UNITED PARCEL SERVICE COMPANYEIN 13-1686691Plan #002PY 2023

1400 NORTH HURSTBOURNE PARKWAY - LOUISVILLE, KY 40223502-329-6626

Other plans on this EIN

4 filings

#003Retirement-$1.32B assets #001Retirement-$550.2M assets #004Retirement-$445.9M assets #005Retirement-$34.2M assets

Prospect flagsHigh cashHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$2177.3M

+13.2% from 2022

Total participants

2,641

+1.9% from 2022

Average account balance

$836,768

+10.1% from 2022

Annual return

18.46%

+36.47 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.46B

Not enough data

1 years with asset history on file

Average account balance

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

$979K

Not enough data

1 years with per-participant data

Participants with account balance

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

2,510

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$57K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$103

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
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$431,989
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INV. INS. OPS. CO. INC. Service code 37 · EIN 04-2647786	Loan Processing	$0

Plan features & details

Pension benefit codes2C2F2G2R2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$366K

$185 / participant

Investment mgmt$366K100.0%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DELOITTE & TOUCHE, LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$836,768

$70,115+1093.4%

$70,544+1086.2%

$80,157+943.9%

Participation rate

98.0%

71.7%+26.4pp

68.4%+29.7pp

72.9%+25.1pp

Annual return

18.46%

134.51%-116.0pp

32.79%-14.3pp

40.39%-21.9pp

Employer contribution / active EE

$54,013

$3,021+1687.9%

$2,976+1715.2%

$2,977+1714.1%

Participant deferral / active EE

$2,868

$4,495-36.2%

$4,568-37.2%

$5,015-42.8%

Admin fee / account holder

$141

$112+25.4%

$6,427-97.8%

$145-2.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$431,989

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INV. INS. OPS. CO. INC.

Service code 37 · EIN 04-2647786

Loan Processing

UPS/IPA DEFINED CONTRIBUTION MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPS/IPA DEFINED CONTRIBUTION MONEY PURCHASE PENSION 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