Employer · plans filed under one EIN
Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan
Atlanta, GA · Transportation and warehousing
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan, based in Atlanta, Georgia, sponsors 4 retirement plans with 100 or more participants: 2 defined contribution and 2 defined benefit. Together they reported 1,004,351 participant records and $64.0B in net assets.
The largest is The Teamster - UPS National 401(k) Tax Deferred Savings Plan, a 401(k) plan with 478,185 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $1.12B and participant contributions $1.58B in the latest plan years; benefits paid were $4.58B. Schedule C compensation reported to service provider organisations totalled $32.6M.
Combined net assets moved from $24.1B in 2009 to $64.0B in 2024 (up 166%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| The Teamster - UPS National 401(k) Tax Deferred Savings Plan | 401(k) plan | 2024 | 478,185 | $19.3B | $40,377 | — | $6.4M |
| UPS Pension Plan | defined benefit pension plan | 2024 | 246,785 | $9.28B | $37,605 | $1,940 | $3.2M |
| UPS Retirement Plan | cash balance pension plan | 2024 | 144,570 | $21.2B | $146,894 | $4,836 | $8.5M |
| UPS 401(k) Savings Plan | 401(k) plan | 2024 | 134,811 | $14.2B | $105,245 | $7,375 | $14.4M |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 4 | 1,004,351 | $64.0B | $1.12B | $1.58B |
| 2023 | 3 | 867,457 | $40.0B | $824M | $1.44B |
| 2022 | 4 | 1,080,011 | $57.6B | $1.06B | $1.42B |
| 2021 | 4 | 1,113,865 | $74.0B | $1.37B | $1.35B |
| 2020 | 4 | 1,141,130 | $67.6B | $1.60B | $1.25B |
| 2019 | 4 | 1,033,444 | $59.4B | $677M | $1.11B |
| 2018 | 3 | 861,318 | $43.0B | $1.00B | $637M |
| 2017 | 3 | 828,062 | $44.6B | $5.01B | $581M |
| 2016 | 4 | 919,894 | $43.3B | $1.64B | $836M |
| 2015 | 4 | 891,858 | $40.2B | $1.25B | $794M |
| 2014 | 4 | 876,479 | $40.2B | $483M | $748M |
| 2013 | 2 | 455,402 | $14.8B | $85.4M | $671M |
| 2012 | 4 | 789,931 | $33.5B | $466M | $642M |
| 2011 | 4 | 592,250 | $30.2B | $55.7M | $613M |
| 2010 | 4 | 802,151 | $29.0B | $2.06B | $572M |
| 2009 | 4 | 793,019 | $24.1B | $116M | $579M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Voya | Investment advisory (participants); Recordkeeping and information management; Participant loan processing; Participant communication | 1 | $9,704,044 |
| Bank of New York Mellon | Custodial (securities); Custodial (other than securities); Investment management; Trustee (bank, trust company, or similar financial institution) | 4 | $5,905,444 |
| Mellon Investments | Investment management | 1 | $3,301,710 |
| Willis Towers Watson US LLC | Consulting (general); Copying and duplicating | 2 | $2,725,829 |
| BlackRock | Investment management | 1 | $1,388,405 |
| CVS Pharmacy, Inc. | — | 1 | $1,336,534 |
| Alston & Bird LLP | Legal; Copying and duplicating | 2 | $1,137,019 |
| Conduent Incorporated | Copying and duplicating | 2 | $1,012,152 |
| Nisa Investment Advisors | Investment management | 2 | $965,443 |
| Priac | Recordkeeping and information management; Participant loan processing; Participant communication; Other services | 1 | $897,826 |
| Empower Annuity Ins and Annuity Co. | Recordkeeping and information management | 1 | $587,726 |
| Qdro Benefits Firm, Susan L. Dubrof | Legal; Copying and duplicating | 4 | $561,103 |
| Bloomberg Finance LP | — | 2 | $389,749 |
| Advised Assets Group LLC | Investment management | 1 | $367,894 |
| PWC US Tax LLP | Consulting (general) | 2 | $339,984 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan have?
4 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: The Teamster - UPS National 401(k) Tax Deferred Savings Plan, UPS Pension Plan, UPS Retirement Plan and UPS 401(k) Savings Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan contribute to its plans?
$1,120,243,818 in employer contributions across these plans in their latest plan years, about $1,525 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Voya, Bank of New York Mellon, Mellon Investments and Willis Towers Watson US LLC and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.