Pennsylvania › Transportation and warehousing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Central Pennsylvania Teamsters Defined Benefit Plan
Sponsored by Central Pennsylvania Teamsters Pension Fund, Trustees, Wyomissing, PA
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.
Central Pennsylvania Teamsters Pension Fund, Trustees of Wyomissing, Pennsylvania sponsors Central Pennsylvania Teamsters Defined Benefit Plan, a defined benefit pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 25,602 participants (5,287 active) and $1.49B in net assets. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $58,095 per participant, well below the $88,040 median for defined benefit plans with 25,000 or more participants and well below the $94,853 median for defined benefit 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.
Employer contributions were $97.7M for the year ($18,476 per active participant) and benefits paid were $130M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $4.8M: $187 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $7.8M. 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 $746M in 2009 to $1.49B in 2024 (up 99%), and participants from 31,890 to 25,602 (down 20%).
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 DB plans |
|---|---|---|---|---|
| Net assets per participant | $58,095 | $88,040 | $94,853 | $86,221 |
| Employer contributions per active participant | $18,476 | $6,524 | $12,821 | $10,244 |
| Schedule C compensation per participant | $187 | $143 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.32% | 0.26% | 0.43% | 0.42% |
| Administrative expenses per participant | $304 | $306 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), transportation and warehousing (227) and all US plans (5,308). 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 | 25,602 | $1.49B | $58,095 | $97.7M | — | $4.8M |
| 2023 | 26,221 | $1.39B | $52,859 | $98.1M | — | $4.6M |
| 2022 | 27,168 | $1.24B | $45,789 | $92.5M | — | $4.8M |
| 2021 | 27,236 | $1.39B | $51,036 | $82.5M | — | $4.2M |
| 2020 | 27,392 | $1.23B | $44,901 | $76.3M | — | $5.0M |
| 2019 | 27,832 | $1.15B | $41,325 | $77.3M | — | $5.7M |
| 2018 | 28,144 | $996M | $35,407 | $70.2M | — | $5.9M |
| 2017 | 28,629 | $1.11B | $38,649 | $67.8M | — | $6.3M |
| 2016 | 29,013 | $982M | $33,844 | $66.2M | — | $5.3M |
| 2015 | 29,550 | $946M | $32,005 | $64.0M | — | $5.4M |
| 2014 | 29,838 | $992M | $33,245 | $62.2M | — | $4.9M |
| 2013 | 30,091 | $967M | $32,134 | $60.3M | — | $4.7M |
| 2012 | 30,482 | $839M | $27,528 | $59.5M | — | $4.5M |
| 2011 | 30,895 | $768M | $24,870 | $57.1M | — | $4.4M |
| 2010 | 31,220 | $813M | $26,028 | $51.7M | — | $4.3M |
| 2009 | 31,890 | $746M | $23,403 | $64.2M | — | $4.8M |
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$1,386,026,974
- Employer contributions$97,684,972
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$97,684,972
- Total income, including investment results$228,269,059
- Benefits paid$129,681,090
- Administrative expenses$7,791,317
- Total expenses$137,472,407
- Net income$90,796,652
- Net transfers$10,528,760
- Net assets, end of year$1,487,352,386
Participants
- Active participants5,287
- Retired or separated, receiving benefits11,850
- Retired or separated, entitled to future benefits4,006
- Total participants, end of year25,602
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Washington Capital Management, Inc. | Investment management | $957,916 | $0 |
| Morgan, Lewis, & Bockius LLP | Legal | $660,535 | $0 |
| Westfield Capital MGMT Co.lp | Investment management | $603,859 | $0 |
| Great Lakes Advisors, LLC | Investment management | $517,499 | $0 |
| Intercontinental R/e Corporation | Investment management | $0 | $467,394 |
| Hamilton Lane Advisors, LLC | Investment management | $0 | $375,891 |
| Sierra Investment Partners, Inc. | Investment management | $358,358 | $0 |
| Loomis Sayles Trust Company | Investment management fees paid directly by plan | $258,077 | $0 |
| Investment Performance Services | Investment advisory (plan) | $190,000 | $0 |
| Northern Trust Company | Custodial (securities) | $90,241 | $0 |
| Essex Technology Group | Recordkeeping and information management | $68,926 | $0 |
| Novak Francella LLC | Accounting (including auditing) | $62,458 | $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
- Investment advisory and management fees$3,403,262
- Other administrative expenses$1,701,485
- Salaries and allowances$1,449,637
- Legal fees$825,067
- Actuarial fees$216,201
- Trustee and custodial fees$71,416
- IQPA audit fees$62,458
- Other trustee fees and expenses$59,273
- Recordkeeping fees$2,518
- Total administrative expenses$7,791,317
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.
- Common/collective trusts$428M · 28.6%
- Partnership/joint venture interests$360M · 24.0%
- Corporate stocks$327M · 21.8%
- 103-12 investment entities$207M · 13.8%
- Corporate debt instruments$59.5M · 4.0%
- U.S. Government securities$45.4M · 3.0%
- Other investments$38.3M · 2.6%
- Receivables$30.1M · 2.0%
- Cash (interest and non-interest bearing)$3.2M · 0.2%
- Buildings and other property used in plan operation$175K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmNovak Francella, LLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the year—
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
1BBenefits are primarily flat dollar (includes dollars per year of service)
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 484120: General Freight Trucking, Long-distance.
Other plans of Central Pennsylvania Teamsters Pension Fund, Trustees
| Plan | Participants | Net assets |
|---|---|---|
| Central Pennsylvania Teamsters Retirement Income Plan 1987 | 8,238 | $795M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Supplemental Pension Plan of Consolidated Rail Corporation | Consolidated Rail Corporation | 3,905 | $264M | $67,699 |
| Southwestern Pennsylvania & Western Maryland Area Teamsters & Employers Pension Fund | BD of Trust SW. PA & W. Md. Area Teamsters & Employers Pension Fund | 2,598 | $150M | $57,874 |
| Teamsters Local 830 Pension Plan | Teamsters Local 830 Pension Plan | 2,247 | $188M | $83,790 |
| Warehouse Employees Union Local 169 and Employers Joint Pension Fund | Warehouse Employees Union Local 169 and Employers Joint Pension Fund | 2,118 | $43.0M | $20,321 |
| Teamsters Local Union No. 115 Pension Plan | Teamsters Local Union NO.115 Pension Plan | 2,097 | $131M | $62,268 |
| Local 837 Pension Plan | Local 837 Pension Plan Board of Trustees | 1,298 | $20.4M | $15,748 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Central Pennsylvania Teamsters Defined Benefit Plan?
25,602 participants at the end of the plan year ending 31 Dec 2024, of whom 5,287 were active employees, with net assets of $1,487,352,386. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does Central Pennsylvania Teamsters Pension Fund, Trustees contribute per participant?
The filing reports $97,684,972 in employer contributions for the year, which is $18,476 per active participant; the median for plans of the same type and size was $6,524 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 $4,783,243 in compensation to service provider organisations, $187 per participant or 0.32% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $7,791,317. 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 Central Pennsylvania Teamsters Pension Fund, Trustees. Recordkeeping or administration: Essex Technology Group. Investment advisory or management: Washington Capital Management, Inc., Westfield Capital MGMT Co.lp and Great Lakes Advisors, LLC. Trustee or custodian: Northern Trust Company. The financial statements were audited by Novak Francella, LLC. 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 23 Sep 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 23-6262789, plan 001, received 23 Sep 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.