Pennsylvania › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Central Pennsylvania Teamsters Retirement Income Plan 1987
Sponsored by Central Pennsylvania Teamsters Pension Fund, Trustees, Reading, 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 Retirement Income Plan 1987 is a money purchase plan sponsored by Central Pennsylvania Teamsters Pension Fund, Trustees of Reading, Pennsylvania. For the plan year ending 31 Dec 2024 it reported 8,238 participants, 3,372 of them active, and net assets of $795M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $96,501 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 $12.4M during the year, or $3,692 per active participant against a same-size median of $2,424; participants contributed —. Benefits paid out totalled $119M.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $2.5M: $302 per participant, well above the same-size median of $53.38. Administrative expenses charged to the plan were $3.7M. 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 $1.14B in 2009 to $795M in 2024 (down 30%), and participants from 15,209 to 8,238 (down 46%).
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 | $96,501 | $64,499 | $32,883 | $53,102 |
| Employer contributions per active participant | $3,692 | $2,424 | $1,396 | $2,175 |
| Schedule C compensation per participant | $302 | $53.38 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.31% | 0.09% | 0.33% | 0.26% |
| Administrative expenses per participant | $446 | $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 | 8,238 | $795M | $96,501 | $12.4M | — | $2.5M |
| 2023 | 8,737 | $855M | $97,821 | $11.4M | — | $2.7M |
| 2022 | 9,077 | $916M | $100,877 | $10.2M | — | $3.1M |
| 2021 | 9,370 | $1.13B | $120,640 | $8.9M | — | $3.2M |
| 2020 | 9,665 | $1.12B | $116,160 | $6.7M | — | $4.7M |
| 2019 | 8,509 | $1.12B | $131,812 | — | — | $5.8M |
| 2018 | 9,131 | $1.05B | $115,135 | — | — | $6.2M |
| 2017 | 9,802 | $1.26B | $128,911 | — | — | $6.9M |
| 2016 | 10,392 | $1.18B | $113,777 | — | — | $6.7M |
| 2015 | 10,992 | $1.20B | $109,056 | — | — | $7.4M |
| 2014 | 11,606 | $1.31B | $112,620 | — | — | $6.7M |
| 2013 | 12,257 | $1.36B | $110,852 | — | — | $6.1M |
| 2012 | 12,930 | $1.22B | $94,555 | — | — | $6.0M |
| 2011 | 13,684 | $1.15B | $83,708 | — | — | $6.2M |
| 2010 | 14,345 | $1.23B | $85,748 | — | — | $5.7M |
| 2009 | 15,209 | $1.14B | $74,759 | — | — | $5.7M |
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$854,665,391
- Employer contributions$12,449,646
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$12,449,646
- Total income, including investment results$73,040,292
- Benefits paid$118,527,818
- Administrative expenses$3,676,080
- Total expenses$122,203,898
- Net income−$49,163,606
- Net transfers−$10,528,760
- Net assets, end of year$794,973,025
Participants
- Active participants3,372
- Retired or separated, receiving benefits814
- Retired or separated, entitled to future benefits3,826
- Participants with account balances8,238
- Total participants, end of year8,238
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Washington Capital Management, Inc. | Investment management | $425,128 | $0 |
| Loomis Sayles Trust Co. | Investment management | $342,603 | $0 |
| Westfield Capital MGMT Co. LP | Investment management fees paid directly by plan; 'Soft dollars' commissions; Securities brokerage commissions and fees | $328,286 | $0 |
| Intercontinental R/e Corporation | Investment management | $0 | $310,234 |
| Great Lakes Advisors, LLC | Investment management | $222,755 | $0 |
| Investment Performance Services | Investment advisory (plan) | $190,000 | $0 |
| Sierra Investment Partners, Inc. | Investment management | $184,859 | $0 |
| Hamilton Lane Advisors, LLC | Investment management | $0 | $150,357 |
| Novak Francella LLC | Accounting (including auditing) | $77,085 | $0 |
| Northern Trust Company | Custodial (securities) | $67,685 | $0 |
| Essex Technology Group Inc. | Recordkeeping and information management | $44,891 | $0 |
| Morgan Lewis & Bockius LLP | Legal | $44,825 | $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$2,001,830
- Salaries and allowances$832,891
- Other administrative expenses$507,748
- Legal fees$105,303
- IQPA audit fees$77,085
- Trustee and custodial fees$59,131
- Actuarial fees$52,162
- Other trustee fees and expenses$39,807
- Recordkeeping fees$123
- Total administrative expenses$3,676,080
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$238M · 29.6%
- Partnership/joint venture interests$166M · 20.6%
- Corporate stocks$149M · 18.6%
- 103-12 investment entities$138M · 17.2%
- Corporate debt instruments$43.1M · 5.4%
- U.S. Government securities$33.4M · 4.1%
- Other investments$31.9M · 4.0%
- Receivables$3.0M · 0.4%
- Cash (interest and non-interest bearing)$2.0M · 0.2%
- Buildings and other property used in plan operation$168K · 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 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) plan
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 Defined Benefit Plan | 25,602 | $1.49B |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Iron Mountain Companies 401(k) Plan | Iron Mountain Incorporated | 13,269 | $943M | $71,077 |
| A. Duie Pyle, Inc. Savings Plan | A. Duie Pyle, Incorporated | 5,047 | $292M | $57,867 |
| Penske Retirement Savings Plan | Penske Truck Leasing Co., LP | 13,779 | $143M | $10,349 |
| Teamsters Local 830 Retirement Savings Plan | Board of Trustees Teamsters Local 830 Retirement Savings Plan | 4,089 | $106M | $26,008 |
| Penske Truck Leasing Co., L.P. Savings Retirement Plan | Penske Truck Leasing Co., L.P. | 19,361 | $1.35B | $69,521 |
| Brotherhood of Locomotive Engineers and Trainmen SVGS401 for Employees of Norfolk Southern Carriers | General Committees of Adjustment | 3,962 | $577M | $145,605 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is Central Pennsylvania Teamsters Retirement Income Plan 1987?
8,238 participants at the end of the plan year ending 31 Dec 2024, of whom 3,372 were active employees, with net assets of $794,973,025. 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 Central Pennsylvania Teamsters Pension Fund, Trustees contribute per participant?
The filing reports $12,449,646 in employer contributions for the year, which is $3,692 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 $2,485,546 in compensation to service provider organisations, $302 per participant or 0.31% 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 $3,676,080. 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 Inc.. Investment advisory or management: Washington Capital Management, Inc., Loomis Sayles Trust Co. and Intercontinental R/e Corporation. 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 22 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 009, received 22 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.