New York › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Teamster Local 282 Annuity Trust Fund
Sponsored by Board of Trustees Local 282, Lake Success, NY
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. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Dec 2024, Teamster Local 282 Annuity Trust Fund covered 5,146 participants and held $886M in net assets. The plan is a money purchase plan sponsored by Board of Trustees Local 282 of Lake Success, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $172,104 per participant, well above the $64,499 median for defined contribution plans with 5,000 to 24,999 participants and well above the $32,883 median for defined contribution plans in transportation and warehousing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $66.3M during the year, or $16,615 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $65.8M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $4.0M: $779 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $3.9M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $426M in 2009 to $886M in 2024 (up 108%), and participants from 4,929 to 5,146 (up 4%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $172,104 | $64,499 | $32,883 | $53,102 |
| Employer contributions per active participant | $16,615 | $2,424 | $1,396 | $2,175 |
| Schedule C compensation per participant | $779 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.45% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $751 | $54.85 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 5,000 to 24,999 participants (2,605 plans), transportation and warehousing (1,909) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 5,146 | $886M | $172,104 | $66.3M | — | $4.0M |
| 2023 | 5,052 | $838M | $165,966 | $61.9M | — | $4.3M |
| 2022 | 5,105 | $795M | $155,671 | $51.9M | — | $3.3M |
| 2021 | 5,426 | $814M | $150,079 | $55.0M | — | $4.3M |
| 2020 | 5,615 | $761M | $135,518 | $51.6M | — | $4.1M |
| 2019 | 5,531 | $714M | $129,102 | $59.1M | — | $3.9M |
| 2018 | 5,391 | $657M | $121,834 | $54.7M | — | $4.0M |
| 2017 | 5,125 | $606M | $118,202 | $52.9M | — | $4.1M |
| 2016 | 4,201 | $557M | $132,480 | $47.3M | — | $3.7M |
| 2015 | 4,038 | $512M | $126,760 | $46.6M | — | $3.4M |
| 2014 | 4,160 | $493M | $118,591 | $40.0M | — | $3.3M |
| 2013 | 4,144 | $474M | $114,400 | $35.6M | — | $3.4M |
| 2012 | 4,375 | $464M | $106,135 | $37.7M | — | $2.9M |
| 2011 | 4,220 | $451M | $106,941 | $37.0M | — | $4.1M |
| 2010 | 4,451 | $440M | $98,915 | $36.1M | — | $3.8M |
| 2009 | 4,929 | $426M | $86,509 | $35.2M | — | $1.7M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$838,457,914
- Employer contributions$66,343,961
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$66,343,961
- Total income, including investment results$117,843,896
- Benefits paid$65,765,137
- Administrative expenses$3,862,363
- Total expenses$70,652,341
- Net income$47,191,555
- Net transfers$0
- Net assets, end of year$885,649,469
Participants
- Active participants3,993
- Retired or separated, receiving benefits468
- Retired or separated, entitled to future benefits670
- Participants with account balances3,993
- Total participants, end of year5,146
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Local 282 Welfare Trust Fund | Direct payment from the plan; Other fees | $2,015,974 | $0 |
| Intercontinental Real Estate Corp. | Investment management | $415,634 | $0 |
| Empower Annuity Insurance Company | Investment management | $297,560 | $0 |
| Crescent Capital High Income Fund B | Investment management | $269,666 | $0 |
| Ullico Investment Advisors Inc. | Investment management | $231,759 | $0 |
| The Union Labor Life Insurance Comp | Investment management | $188,266 | $0 |
| JPMorgan Chase Bank, National Assoc | Investment management; Investment advisory (plan); Trustee (discretionary) | $135,610 | $0 |
| Tocqueville Asset Management | Investment management | $101,981 | $0 |
| Washington Capital Management | Investment management | $85,339 | $0 |
| Gould, Kobrick & Schlapp, P.C. | Accounting (including auditing) | $65,000 | $0 |
| Local 282 Pension Trust Fund | Direct payment from the plan; Other fees | $63,726 | $0 |
| Quan Vest Consultants | Investment advisory (plan) | $54,000 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Other administrative expenses$2,136,036
- Investment advisory and management fees$1,617,628
- IQPA audit fees$45,000
- Trustee and custodial fees$39,158
- Recordkeeping fees$20,000
- Legal fees$4,541
- Total administrative expenses$3,862,363
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Insurance company general account$255M · 28.7%
- Registered investment companies (mutual funds)$104M · 11.7%
- Common/collective trusts$82.3M · 9.3%
- Other investments$80.2M · 9.0%
- U.S. Government securities$75.3M · 8.5%
- Partnership/joint venture interests$68.0M · 7.7%
- Cash (interest and non-interest bearing)$62.6M · 7.1%
- Corporate stocks$44.4M · 5.0%
- Corporate debt instruments$40.8M · 4.6%
- Pooled separate accounts$34.9M · 3.9%
- 103-12 investment entities$21.7M · 2.5%
- Receivables$14.3M · 1.6%
- Participant loans$3.1M · 0.3%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmGould, Kobrick & Schlapp, P.C.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $700,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2CMoney purchase (other than target benefit) plan2EProfit-sharing plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 484110: General Freight Trucking, Local.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Brotherhood of Locomotive Engineers 401(k) Savings Employees of CSX Transportation Inc. | General Committee of Adjustment for the Lines, Csx-Western Lines, Csx- | 5,767 | $903M | $156,566 |
| Genesee & Wyoming Inc. 401(k) Savings Plan | Genesee & Wyoming Inc. | 4,705 | $264M | $56,149 |
| The Atlas Air, Inc. Retirement Plan | Atlas Air, Inc. | 6,124 | $1.11B | $180,566 |
| Alclear, LLC 401(k) Plan | Alclear, LLC | 4,145 | $42.2M | $10,171 |
| Local 804 Annuity Fund | Board of Trustees Local 804 Annuity Fund | 7,578 | $96.4M | $12,723 |
| Brotherhood of Locomotive Engineers and Trainmen 4 for Employees of Conrail Saa | Conrail Saa/csxt Northern District General Committee of Adjustment | 3,471 | $19.3M | $5,573 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Teamster Local 282 Annuity Trust Fund?
5,146 participants at the end of the plan year ending 31 Dec 2024, of whom 3,993 were active employees, with net assets of $885,649,469. Among defined contribution plans that places it in the 5,000 to 24,999 participants band, which held 2,605 plans in plan year 2024.
What does Board of Trustees Local 282 contribute per participant?
The filing reports $66,343,961 in employer contributions for the year, which is $16,615 per active participant; the median for plans of the same type and size was $2,424 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $4,010,549 in compensation to service provider organisations, $779 per participant or 0.45% of net assets. The same-size median among plans reporting any Schedule C compensation was $53.38 per participant. Administrative expenses on Schedule H were $3,862,363. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Board of Trustees Local 282. Investment advisory or management: Intercontinental Real Estate Corp., Empower Annuity Insurance Company and Crescent Capital High Income Fund B. Trustee or custodian: JPMorgan Chase Bank, National Assoc. The financial statements were audited by Gould, Kobrick & Schlapp, P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 13 Oct 2025. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 11-6276104, plan 002, received 13 Oct 2025; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.