Plan Ledger DOL Form 5500 · updated monthly

New England Teamsters Local Union No. 25(SIP)401(k)

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN · CHARLESTOWN, MA · plan year 2024

Reported admin expense ratio · 2024
1.29%

New England Teamsters Local Union No. 25(SIP) reported $66,633 in plan administrative expenses for 2024: 1.29% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 1.17% to 1.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Massachusetts (2,289th of 2,726), and 1,600th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$5,245,756
Participants with balances0
Active participants0
Employer contributions$251,128
Employee contributions—
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$604,618
Plan auditUnmodified (clean) audit opinion
AuditorMANZI & ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.2M · $251K emplr
2023$5.1M · $234K emplr
2022$4.9M · $192K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,884
Investment management$26,389
Trustee / custodial$5,360
Total administrative$66,633
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$34,884
GLOBAL RETIREMENT PARTNERS · Investment advisory (participants) · Investment advisory (plan)$26,389
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$5,360

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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Administrative cost history3
2024$66,633 · 1.29%
2023$50,572 · 1.01%
2022$63,599 · 1.17%
Similar plansTransportation & Warehousing · Massachusetts
Aa Transportation, Inc. MA$6.3M · 1.23%
H&L Bloom Inc. MA$5.9M · 0.18%
Tremblays Bus Company MA$5.1M · 0.11%
Xpress Natural Gas, LLC MA$5.1M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043320357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.