Retirement plan

THE TEAMSTER-UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN

Name: BOARD OF TRUSTEES OF THE TEAMSTERS - UPS 401K NATIONAL SAVINGS PLAN - THE TEAMSTER-UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN (2021) Form 5500
Creator: BOARD OF TRUSTEES OF THE TEAMSTERS - UPS 401K NATIONAL SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE TEAMSTER-UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN, BOARD OF TRUSTEES OF THE TEAMSTERS - UPS 401K NATIONAL SAVINGS PLAN

BOARD OF TRUSTEES OF THE TEAMSTERS - UPS 401K NATIONAL SAVINGS PLANEIN 95-1732075Plan #003PY 2021

55 GLENLAKE PARKWAY NE - ATLANTA, GA 303283474404-828-8661

Other plans on this EIN

4 filings

#001Retirement-$30.13B assets #004Retirement-$13.77B assets #022Retirement-$12.77B assets #002Retirement-$615K assets

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed December 16, 2016 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$17355.1M

+16.9% from 2020

Total participants

580,391

-3.5% from 2020

Average account balance

$89,706

+10.7% from 2020

Annual return

17.73%

+4.77 pp from 2020

Benchmarks

See 46 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort46 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.31B

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

219,009

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.

42.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.07B

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND7+ years Filed as: PRUDENTIAL RETIREMENT INSURANCE Service code 14 · EIN 06-1050034	Plan Administrator	$7,704,449
THE BANK OF NEW YORK MELLON1 year Filed as: MELLON INVESTMENTS Service code 28 · EIN 25-1442864	Investment Management	$3,218,947
THE BANK OF NEW YORK MELLON7+ years Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 13-5160382	Securities Custodian	$662,443
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 27 · EIN 36-3297908	Advisory (Plan)	$232,993
ALAN BILLER & ASSOCIATES7+ years Filed as: ALAN D. BILLER & ASSOCIATES Service code 23 · EIN 94-2854958	Direct payment from the plan; Legal; ...	$89,325
QDRO BENEFITS FIRM, SUSAN L DUBROF3 years Filed as: QDRO BENEFITS FIRM, SUSAN L. DUBROF Service code 29 · EIN 84-2015520	Legal	$88,480
O'DWYER & BERNSTEIN, LLP4 years Filed as: O'DWYER & BERNSTIEN Service code 29 · EIN 13-5286665	Legal	$47,712
CICCARELLO, DEL GIUDICE & LAFON7+ years Service code 29 · EIN 55-0711953	Legal	$27,200
THE SEGAL COMPANY3 years Filed as: BUCHBINDER TUNICK & COMPANY, LLP Service code 10 · EIN 13-1578842	Accounting	$22,690

Plan features & details

Pension benefit codes2F2G2J2K2R2S2T

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$10.3M

$19 / participant

Investment mgmt$4M40.7%
Other / not subdivided$6M59.3%

% of EOY assets

0.059%

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: BUCHBINDER TUNICK & COMPANY LLP
Auditor EIN: 131578842
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,706

$130,338-31.2%

$85,705+4.7%

$106,520-15.8%

Participation rate

29.6%

64.6%-35.0pp

69.9%-40.3pp

71.3%-41.7pp

Annual return

17.73%

14.40%+3.3pp

21.49%-3.8pp

19.28%-1.6pp

Employer contribution / active EE

$3,864-100.0%

$2,619-100.0%

$2,840-100.0%

Participant deferral / active EE

$1,598

$4,160-61.6%

$3,924-59.3%

$4,948-67.7%

Admin fee / account holder

$53

$114-53.4%

$6,877-99.2%

$75-28.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND7+ years

Filed as: PRUDENTIAL RETIREMENT INSURANCE

Service code 14 · EIN 06-1050034

Plan Administrator

$7,704,449

THE BANK OF NEW YORK MELLON1 year

Filed as: MELLON INVESTMENTS

Service code 28 · EIN 25-1442864

Investment Management

$3,218,947

THE BANK OF NEW YORK MELLON7+ years

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 13-5160382

Securities Custodian

$662,443

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 27 · EIN 36-3297908

Advisory (Plan)

$232,993

ALAN BILLER & ASSOCIATES7+ years

Filed as: ALAN D. BILLER & ASSOCIATES

Service code 23 · EIN 94-2854958

Direct payment from the plan; Legal; ...

$89,325

QDRO BENEFITS FIRM, SUSAN L DUBROF3 years

Filed as: QDRO BENEFITS FIRM, SUSAN L. DUBROF

Service code 29 · EIN 84-2015520

Legal

$88,480

O'DWYER & BERNSTEIN, LLP4 years

Filed as: O'DWYER & BERNSTIEN

Service code 29 · EIN 13-5286665

Legal

$47,712

CICCARELLO, DEL GIUDICE & LAFON7+ years

Service code 29 · EIN 55-0711953

Legal

$27,200

THE SEGAL COMPANY3 years

Filed as: BUCHBINDER TUNICK & COMPANY, LLP

Service code 10 · EIN 13-1578842

Accounting

$22,690

THE TEAMSTER-UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE TEAMSTER-UPS NATIONAL 401(K) TAX DEFERRED SAVINGS PLAN

Top hat statement on fileNQDC

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