Retirement plan

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN - TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLANEIN 23-7367250Plan #003PY 2024

12298 TOWNSEND ROAD - PHILADELPHIA, PA 191541203215-969-1012

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$106.4M

+9.0% from 2023

Total participants

4,089

-5.3% from 2023

Average account balance

$26,030

+15.0% from 2023

Annual return

8.17%

-3.83 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.44M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

4,089

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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 4 by compensation

Provider	Service type	Compensation
LOCAL 1102 RWDSU10+ years Filed as: LOCAL 830 PENSION FUND Service code 15 · EIN 23-1990755	Recordkeeping	$373,819
BENEFIT PLANS ADMIN SERVICES, INC.6 years Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 27 · EIN 16-1616474	Advisory (Plan)	$275,647
INVESTMENT PERFORMANCE SERVICES6 years Service code 27 · EIN 58-1645832	Advisory (Plan)	$53,750
NOVAK FRANCELLA LLC6 years Service code 10 · EIN 61-1436956	Accounting	$23,968

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$776K

$345 / participant

Recordkeeping$6180.1%
Investment mgmt$54K6.9%
Legal$18K2.3%
Salaries / allowances$277K35.7%
Other trustee fees$5K0.7%
Contract admin$276K35.5%
Other / not subdivided$146K18.8%

% of EOY assets

0.729%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $23,350
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,030

$81,301-68.0%

$76,030-65.8%

$200,096-87.0%

Participation rate

100.0%

70.1%+29.9pp

69.1%+30.9pp

72.0%+28.0pp

Annual return

8.17%

16.31%-8.1pp

361.54%-353.4pp

34.26%-26.1pp

Employer contribution / active EE

$1,932

$3,352-42.4%

$2,688-28.1%

$3,038-36.4%

Participant deferral / active EE

$1,504

$4,721-68.2%

$4,257-64.7%

$5,090-70.5%

Admin fee / account holder

$190

$145+30.8%

$6,421-97.0%

$269-29.5%

Provider

Service type

Compensation

LOCAL 1102 RWDSU10+ years

Filed as: LOCAL 830 PENSION FUND

Service code 15 · EIN 23-1990755

Recordkeeping

$373,819

BENEFIT PLANS ADMIN SERVICES, INC.6 years

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 27 · EIN 16-1616474

Advisory (Plan)

$275,647

INVESTMENT PERFORMANCE SERVICES6 years

Service code 27 · EIN 58-1645832

Advisory (Plan)

$53,750

NOVAK FRANCELLA LLC6 years

Service code 10 · EIN 61-1436956

Accounting

$23,968

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS 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