Illinois › Transportation and warehousing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Midwestern Teamsters Pension Trust Fund
Sponsored by Trustees Midwestern Teamsters Pension Trust Fund, Oak Brook, IL
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.
Midwestern Teamsters Pension Trust Fund is a defined benefit pension plan sponsored by Trustees Midwestern Teamsters Pension Trust Fund of Oak Brook, Illinois. For the plan year ending 31 Dec 2024 it reported 579 participants, 72 of them active, and net assets of $39.6M. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $68,316 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 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 $467K for the year ($6,489 per active participant) and benefits paid were $1.9M. 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 8 service provider organisations paid $5,000 or more, with reported compensation of $404K: $698 per participant, well above the same-size median of $377. Administrative expenses charged to the plan were $456K. 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 $15.1M in 2009 to $39.6M in 2024 (up 163%), and participants from 904 to 579 (down 36%).
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 | $68,316 | $86,583 | $94,853 | $86,221 |
| Employer contributions per active participant | $6,489 | $10,758 | $12,821 | $10,244 |
| Schedule C compensation per participant | $698 | $377 | $425 | $344 |
| Schedule C compensation, share of net assets | 1.0% | 0.48% | 0.43% | 0.42% |
| Administrative expenses per participant | $787 | $591 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 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 | 579 | $39.6M | $68,316 | $467K | — | $404K |
| 2023 | 604 | $16.3M | $26,954 | $452K | — | $392K |
| 2022 | 615 | $16.6M | $26,938 | $431K | — | $268K |
| 2021 | 662 | $21.1M | $31,887 | $1.3M | — | $286K |
| 2020 | 689 | $19.5M | $28,244 | $447K | — | $310K |
| 2019 | 718 | $19.2M | $26,777 | $1.7M | — | $308K |
| 2018 | 730 | $16.4M | $22,449 | $486K | — | $308K |
| 2017 | 736 | $19.1M | $25,952 | $1.2M | — | $270K |
| 2016 | 746 | $17.6M | $23,615 | $438K | — | $274K |
| 2015 | 774 | $18.0M | $23,317 | $2.4M | — | $367K |
| 2014 | 818 | $17.3M | $21,103 | $661K | — | $316K |
| 2013 | 835 | $18.2M | $21,808 | $1.0M | — | $292K |
| 2012 | 826 | $16.0M | $19,408 | $643K | — | $283K |
| 2011 | 913 | $15.3M | $16,786 | $818K | — | $264K |
| 2010 | 916 | $15.9M | $17,348 | $812K | — | $210K |
| 2009 | 904 | $15.1M | $16,648 | $770K | — | $243K |
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$16,279,748
- Employer contributions$467,224
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$467,224
- Total income, including investment results$25,640,519
- Benefits paid$1,909,687
- Administrative expenses$455,737
- Total expenses$2,365,424
- Net income$23,275,095
- Net transfers$0
- Net assets, end of year$39,554,843
Participants
- Active participants72
- Retired or separated, receiving benefits231
- Retired or separated, entitled to future benefits217
- Total participants, end of year579
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| The Segal Company | Actuarial; Consulting (pension) | $198,511 | $0 |
| Zenith American Solutions | Contract Administrator; Other services | $76,369 | $0 |
| Cavanagh & O'Hara LLP | Legal | $40,123 | $0 |
| Legacy Professionals LLP | Accounting (including auditing); Recordkeeping and information management | $34,303 | $0 |
| Marquette Associates, Inc. | Investment advisory (plan) | $30,000 | $0 |
| Illinois National Bank | Custodial (securities) | $9,504 | $0 |
| Rreef America LLC | Investment management | $9,036 | $0 |
| United Actuarial Services, Inc. | Actuarial; Consulting (pension) | $6,500 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 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
- Actuarial fees$205,011
- Contract administrator fees$72,000
- Other administrative expenses$47,340
- Investment advisory and management fees$46,698
- Legal fees$40,123
- IQPA audit fees$32,800
- Trustee and custodial fees$9,988
- Recordkeeping fees$1,503
- Other trustee fees and expenses$274
- Total administrative expenses$455,737
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.
- U.S. Government securities$22.4M · 56.6%
- Registered investment companies (mutual funds)$8.1M · 20.4%
- Common/collective trusts$6.8M · 17.1%
- Cash (interest and non-interest bearing)$1.2M · 3.1%
- Other investments$940K · 2.4%
- Receivables$173K · 0.4%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmLegacy Professionals LLP
- 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
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 484110: General Freight Trucking, Local.
Similar plans in Illinois
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Retirement Plan for Employees of Transdev North America Phoenix | Transdev North America, Inc. | 590 | $44.4M | $75,271 |
| The Belt Railway Company of Chicago Pension Plan for Non-Schedule Employees | The Belt Railway Company of Chicago | 141 | $41.6M | $295,245 |
| Great Lakes Coca-Cola Distribution Union Pension Plan | Reyes Holdings, L.L.C. | 686 | $24.1M | $35,158 |
| Bessemer Non-Contributory Pension Plan | Bessemer & Lake Erie Railroad Company | 727 | $54.8M | $75,378 |
| Ctdu Partition Pension Fund | Ctdu Partition Pension Fund | 1,155 | −$115M | — |
| Nippon Express U.S.A. Group Pension Plan | Nippon Express U.S.A., Inc. | 1,324 | $122M | $91,769 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Midwestern Teamsters Pension Trust Fund?
579 participants at the end of the plan year ending 31 Dec 2024, of whom 72 were active employees, with net assets of $39,554,843. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Trustees Midwestern Teamsters Pension Trust Fund contribute per participant?
The filing reports $467,224 in employer contributions for the year, which is $6,489 per active participant; the median for plans of the same type and size was $10,758 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 $404,346 in compensation to service provider organisations, $698 per participant or 1.0% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $455,737. 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 Trustees Midwestern Teamsters Pension Trust Fund. Recordkeeping or administration: Zenith American Solutions and Legacy Professionals LLP. Investment advisory or management: Marquette Associates, Inc. and Rreef America LLC. Trustee or custodian: Illinois National Bank. The financial statements were audited by Legacy Professionals LLP. 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 4 Feb 2026. 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 37-6117130, plan 001, received 4 Feb 2026; 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.