District of Columbia › Transportation and warehousing › 5,000 to 24,999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Teamsters Local 639 - Employers Pension Trust Fund
Sponsored by Joint Board of Trustees Teamsters Local 639 - Employers Pension Trust, Washington, DC
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.
Teamsters Local 639 - Employers Pension Trust Fund is a defined benefit pension plan sponsored by Joint Board of Trustees Teamsters Local 639 - Employers Pension Trust of Washington, District of Columbia. For the plan year ending 31 Dec 2024 it reported 9,501 participants, 3,542 of them active, and net assets of $1.72B. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $181,375 per participant, well above the $87,623 median for defined benefit plans with 5,000 to 24,999 participants and well above 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 $93.0M for the year ($26,244 per active participant) and benefits paid were $139M. 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 $6.4M: $678 per participant, well above the same-size median of $232. Administrative expenses charged to the plan were $9.2M. 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 $734M in 2009 to $1.72B in 2024 (up 135%), and participants from 8,015 to 9,501 (up 19%).
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 | $181,375 | $87,623 | $94,853 | $86,221 |
| Employer contributions per active participant | $26,244 | $9,468 | $12,821 | $10,244 |
| Schedule C compensation per participant | $678 | $232 | $425 | $344 |
| Schedule C compensation, share of net assets | 0.37% | 0.30% | 0.43% | 0.42% |
| Administrative expenses per participant | $965 | $396 | $650 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 5,000 to 24,999 participants (651 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 | 9,501 | $1.72B | $181,375 | $93.0M | $6.2M | $6.4M |
| 2023 | 10,214 | $1.62B | $158,925 | $94.9M | $6.1M | $7.5M |
| 2022 | 9,758 | $1.50B | $153,358 | $96.8M | $6.2M | $8.3M |
| 2021 | 9,911 | $1.73B | $174,085 | $89.5M | $6.1M | $10.0M |
| 2020 | 8,877 | $1.53B | $171,924 | $83.3M | $5.9M | $7.8M |
| 2019 | 9,449 | $1.39B | $146,911 | $76.6M | $5.6M | $7.2M |
| 2018 | 9,169 | $1.21B | $132,156 | $72.0M | $5.4M | $7.6M |
| 2017 | 8,722 | $1.27B | $145,320 | $65.9M | $5.5M | $7.2M |
| 2016 | 8,655 | $1.14B | $131,664 | $61.1M | $3.0M | $7.4M |
| 2015 | 8,355 | $1.09B | $130,764 | $56.1M | $2.8M | $6.5M |
| 2014 | 8,248 | $1.08B | $131,389 | $51.3M | $2.8M | $6.4M |
| 2013 | 8,080 | $1.04B | $128,167 | $47.3M | $2.1M | $5.5M |
| 2012 | 8,095 | $886M | $109,400 | $44.1M | $2.1M | $5.3M |
| 2011 | 8,049 | $813M | $101,051 | $41.7M | $2.4M | $4.8M |
| 2010 | 7,964 | $814M | $102,215 | $38.2M | $2.0M | $3.8M |
| 2009 | 8,015 | $734M | $91,601 | $37.4M | $2.0M | $4.1M |
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$1,623,261,751
- Employer contributions$92,956,325
- Participant contributions$6,202,521
- Rollovers and other contributions—
- Total contributions$99,158,846
- Total income, including investment results$248,021,035
- Benefits paid$138,864,091
- Administrative expenses$9,172,743
- Total expenses$148,036,834
- Net income$99,984,201
- Net transfers$0
- Net assets, end of year$1,723,245,952
Participants
- Active participants3,542
- Retired or separated, receiving benefits3,233
- Retired or separated, entitled to future benefits1,993
- Total participants, end of year9,501
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Intercontinental Real Estate Corp. | Investment management | $758,147 | $0 |
| Benesys, Inc. | Contract Administrator | $728,202 | $0 |
| Hardman Johnston Global Advisors | Investment management | $619,075 | $0 |
| Post Advisory Group LLC | Investment management | $589,613 | $0 |
| Columbia Asset Management | Investment management fees paid directly by plan | $575,817 | $0 |
| Atlanta Capital Management | Investment management | $556,637 | $0 |
| Chevy Chase Tust Company | Investment management | $477,605 | $0 |
| Great Lakes Advisors, LLC | Investment management | $424,834 | $0 |
| Comerica Bank | Investment management | $325,177 | $0 |
| Mooney, Green, Saindon, Murphy & We | Legal | $308,927 | $0 |
| Investment Performance Services | Consulting (general); Investment advisory (plan) | $294,000 | $0 |
| Cheiron | Actuarial | $218,029 | $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$6,589,579
- Other administrative expenses$897,919
- Contract administrator fees$728,202
- Legal fees$492,580
- Actuarial fees$218,029
- Other trustee fees and expenses$143,427
- IQPA audit fees$58,700
- Trustee and custodial fees$44,307
- Total administrative expenses$9,172,743
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.
- Partnership/joint venture interests$527M · 30.5%
- Common/collective trusts$476M · 27.5%
- Corporate debt instruments$211M · 12.2%
- 103-12 investment entities$192M · 11.1%
- Corporate stocks$187M · 10.8%
- U.S. Government securities$67.1M · 3.9%
- Cash (interest and non-interest bearing)$51.1M · 3.0%
- Receivables$14.8M · 0.9%
- Buildings and other property used in plan operation$1.8M · 0.1%
- Other investments$256K · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCalibre CPA Group PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $5,000,000
- 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)1ECode section 401(h) arrangement
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 484110: General Freight Trucking, Local.
Similar plans in District of Columbia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Retirement Income Plan for the Employees of National Railroad Passenger Corporation | National Railroad Passenger Corporation | 5,854 | $340M | $58,094 |
| Teamster Affiliates Pension Plan | Board of Trustees Teamster Affiliates Pension Plan | 4,170 | $267M | $63,949 |
| Association of American Railroads Pension Plan | Association of American Railroads | 1,286 | $79.2M | $61,616 |
| International Brotherhood of Teamsters Retirement & Family Protection | International Brotherhood of Teamsters | 528 | $152M | $287,819 |
Defined benefit plans in transportation and warehousing closest in size.
Questions and answers
How big is Teamsters Local 639 - Employers Pension Trust Fund?
9,501 participants at the end of the plan year ending 31 Dec 2024, of whom 3,542 were active employees, with net assets of $1,723,245,952. Among defined benefit plans that places it in the 5,000 to 24,999 participants band, which held 651 plans in plan year 2024.
What does Joint Board of Trustees Teamsters Local 639 - Employers Pension Trust contribute per participant?
The filing reports $92,956,325 in employer contributions for the year, which is $26,244 per active participant; the median for plans of the same type and size was $9,468 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 $6,445,251 in compensation to service provider organisations, $678 per participant or 0.37% of net assets. The same-size median among plans reporting any Schedule C compensation was $232 per participant. Administrative expenses on Schedule H were $9,172,743. 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 Joint Board of Trustees Teamsters Local 639 - Employers Pension Trust. Recordkeeping or administration: Benesys, Inc.. Investment advisory or management: Intercontinental Real Estate Corp., Hardman Johnston Global Advisors and Post Advisory Group LLC. The financial statements were audited by Calibre CPA Group PLLC. 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 11 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 53-0237142, plan 001, received 11 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.