Georgia › Transportation and warehousing › 25,000 or more participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
The Teamster - UPS National 401(k) Tax Deferred Savings Plan
Sponsored by Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan, Atlanta, GA
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, The Teamster - UPS National 401(k) Tax Deferred Savings Plan covered 478,185 participants and held $19.3B in net assets. The plan is a 401(k) plan sponsored by Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan of Atlanta, Georgia.
Net assets came to $40,377 per participant, well below the $62,774 median for defined contribution plans with 25,000 or more participants and 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.
Schedule C lists 9 service provider organisations paid $5,000 or more, with reported compensation of $6.4M: $13.33 per participant, well below the same-size median of $36.41. Administrative expenses charged to the plan were $8.5M. 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 $5.18B in 2009 to $19.3B in 2024 (up 273%), and participants from 318,968 to 478,185 (up 50%).
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 | $40,377 | $62,774 | $32,883 | $53,102 |
| Employer contributions per active participant | — | $2,417 | $1,396 | $2,175 |
| Schedule C compensation per participant | $13.33 | $36.41 | $113 | $123 |
| Schedule C compensation, share of net assets | 0.03% | 0.07% | 0.33% | 0.26% |
| Administrative expenses per participant | $17.86 | $38.81 | $97.79 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 25,000 or more participants (608 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 | 478,185 | $19.3B | $40,377 | — | $1.07B | $6.4M |
| 2023 | 478,400 | $17.2B | $35,913 | — | $946M | $9.0M |
| 2022 | 544,072 | $14.7B | $26,959 | — | $919M | $9.4M |
| 2021 | 580,391 | $17.4B | $29,900 | — | $878M | $12.0M |
| 2020 | 601,477 | $14.9B | $24,691 | — | $802M | $8.7M |
| 2019 | 523,343 | $13.4B | $25,537 | — | $707M | $3.5M |
| 2018 | 489,580 | $10.9B | $22,275 | — | $629M | $8.8M |
| 2017 | 461,685 | $11.5B | $24,845 | — | $574M | $8.8M |
| 2016 | 433,037 | $9.98B | $23,046 | — | $515M | $7.8M |
| 2015 | 394,581 | $9.01B | $22,828 | — | $488M | $7.2M |
| 2014 | 389,312 | $8.97B | $23,046 | — | $463M | $7.3M |
| 2013 | 343,776 | $8.25B | $23,999 | — | $409M | $7.3M |
| 2012 | 328,263 | $6.88B | $20,945 | — | $389M | $4.2M |
| 2011 | 112,527 | $6.11B | $54,285 | — | $372M | $4.3M |
| 2010 | 328,695 | $5.91B | $17,971 | — | $353M | $6.0M |
| 2009 | 318,968 | $5.18B | $16,225 | — | $358M | $7.0M |
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$17,180,803,401
- Employer contributions—
- Participant contributions$1,073,311,532
- Rollovers and other contributions$12,375,629
- Total contributions$1,085,687,161
- Total income, including investment results$3,667,397,855
- Benefits paid$1,526,374,224
- Administrative expenses$8,538,198
- Total expenses$1,540,300,460
- Net income$2,127,097,395
- Net transfers$0
- Net assets, end of year$19,307,900,796
Participants
- Active participants451,512
- Retired or separated, receiving benefits5,690
- Retired or separated, entitled to future benefits20,670
- Participants with account balances219,009
- Total participants, end of year478,185
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Mellon Investments | Investment management | $3,301,710 | $0 |
| Priac | Recordkeeping and information management; Participant loan processing; Participant communication; Other services; Plan Administrator | $897,826 | $0 |
| Bank of New York Mellon | Custodial (securities); Custodial (other than securities) | $748,057 | $0 |
| Empower Annuity Ins and Annuity Co. | Recordkeeping and information management | $587,726 | $0 |
| Advised Assets Group LLC | Investment management | $367,894 | $0 |
| Qdro Benefits Firm, Susan L. Dubrof | Legal | $252,496 | $0 |
| Alan D. Biller & Associates | Investment advisory (plan); Investment management | $115,000 | $0 |
| Morningstar Investment Management | Investment advisory (plan) | $76,600 | $0 |
| Buchbinder Tunick & Company LLP | Accounting (including auditing) | $24,624 | $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
- Recordkeeping fees$4,500,593
- Investment advisory and management fees$3,008,296
- Trustee and custodial fees$699,278
- Legal fees$266,699
- Other administrative expenses$38,639
- IQPA audit fees$24,693
- Total administrative expenses$8,538,198
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$16.8B · 87.1%
- Other investments$2.37B · 12.3%
- Participant loans$102M · 0.5%
- Receivables$19.3M · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmWeaver and Tidwell, 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
2FERISA section 404(c) plan2GTotal participant-directed account plan2JCode section 401(k) feature2KCode section 401(m) arrangement2RParticipant-directed brokerage accounts provided as an investment option under the plan2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 484200: Specialized Freight Trucking.
Other plans of Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan
| Plan | Participants | Net assets |
|---|---|---|
| UPS Pension Plan | 246,785 | $9.28B |
| UPS Retirement Plan | 144,570 | $21.2B |
| UPS 401(k) Savings Plan | 134,811 | $14.2B |
Similar plans in Georgia
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| UPS 401(k) Savings Plan | United Parcel Service of America, Inc. | 134,811 | $14.2B | $105,245 |
| Delta 401(k) Retirement Plan | Delta Air Lines, Inc. | 112,027 | $19.0B | $169,469 |
| Ryder System, Inc. 401(k) Savings Plan | Ryder System, Inc. | 51,723 | $2.66B | $51,353 |
| Delta 401(k) Retirement Plan for Pilots | Delta Air Lines, Inc. | 17,776 | $15.9B | $896,057 |
| Saia Motor Freight Line, LLC 401(k) Plan | Saia Motor Freight Line, LLC | 16,292 | $670M | $41,112 |
| Capstone 401(k) Plan | Capstone Logistics, LLC | 11,992 | $50.3M | $4,191 |
Defined contribution plans in transportation and warehousing closest in size.
Questions and answers
How big is The Teamster - UPS National 401(k) Tax Deferred Savings Plan?
478,185 participants at the end of the plan year ending 31 Dec 2024, of whom 451,512 were active employees, with net assets of $19,307,900,796. Among defined contribution plans that places it in the 25,000 or more participants band, which held 608 plans in plan year 2024.
What does Board of Trustees of the Teamsters - UPS 401(k) National Savings Plan contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $6,371,933 in compensation to service provider organisations, $13.33 per participant or 0.03% of net assets. The same-size median among plans reporting any Schedule C compensation was $36.41 per participant. Administrative expenses on Schedule H were $8,538,198. 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 of the Teamsters - UPS 401(k) National Savings Plan. Recordkeeping or administration: Priac and Empower Annuity Ins and Annuity Co.. Investment advisory or management: Mellon Investments, Advised Assets Group LLC and Alan D. Biller & Associates. Trustee or custodian: Bank of New York Mellon. The financial statements were audited by Weaver and Tidwell, 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 15 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 95-1732075, plan 003, received 15 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.