Plan Ledger DOL Form 5500 · updated monthly

Teamsters Local Union No. 25401(k)

NEW ENGLAND TEAMSTERS LOCAL 25 SAVINGS AND INVESTMENT 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
1.25%

Teamsters Local Union No. 25 reported $118,389 in plan administrative expenses for 2024: 1.25% 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 3 years on file its reported administrative ratio has held roughly steady near 1.251%. 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 (1,929th of 2,726), and the 1,180th of 2,677 in transportation & warehousing. In 2024, employees put in $5.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,626,397
Participants with balances0
Active participants0
Employer contributions$129,406
Employee contributions$701,680
Employer contribution per active participant—
Average account balance—
Benefits paid to participants$1,359,057
Plan auditUnmodified (clean) audit opinion
AuditorMANZI & ASSOCIATES LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · $129K emplr
2023$9.3M · $96K emplr
2022$8.2M · $94K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,899
Investment management$46,972
Trustee / custodial$7,518
Total administrative$118,389
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. · Recordkeeping · Loan processing$63,899
GLOBAL RETIREMENT PARTNERS · Investment advisory (participants) · Investment advisory (plan)$46,972
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$7,518

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$118,389 · 1.25%
2023$95,234 · 1.09%
2022$114,071 · 1.25%
Similar plansTransportation & Warehousing · Massachusetts
Rts Holdings, LLC MA$18.5M · 0.76%
Mid-State Management, Inc. MA$17.9M · 0.34%
Cape Cod Express, LLC MA$14.3M · 0.12%
Roberts Energy, LLC MA$7.0M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 041172100 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.