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FORM 5500 DATA

The Teamsters ? UPS National 401k Tax Deferred Savings Plan

Overview

Plan Information

  • Plan Year01/01/2007 — 12/31/2007
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2007 $5,347,802,133
  • Plan Number3
  • Plan Type Single Employer
  • Is the plan collectively bargained?Yes
  • Did the plan file for an extension of time or the DFVC Program?Yes
  • Plan Funding Arrangement Trust
  • Plan Benefit Arrangement Trust

Participant Information as of 12/31/2007

  • Active (Eligible) Participants301,935
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits11,274
  • Subtotal313,209
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits200
  • Total313,409
  • Total number of participants as of 01/01/2007265,700
  • Number of participants with account balances108,633
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0
  • Number of participants required to be reported on Schedule SSA3,636

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address55 Glenlake Pkwy NE
  • CityAtlanta
  • StateGA
  • Zip30328-3474
  • Telephone(404) 828-8661
  • EIN95-1732075
  • Industry Code484200
  • Named AdministratorPhyllis Squires Epstein
  • Named Plan SponsorTom Keegle

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorBuchbinder Tunick & Company LLP
  • Auditor EIN13-1578842
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? Yes
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No

Financials

Income and Expense Statement

Income $586,606,260
Contributions $390,319,737
Cash Contributions $390,319,737
Cash from Employers $0
Cash from Participants $390,319,737
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $196,949,788
Total Interest $49,403,710
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,946,444
Interest from Other Investments $43,457,266
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $147,546,078
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $-663,265
Expenses $201,809,752
Total Benefit Payments $196,082,300
Directly to participants or beneficiaries, including direct rollovers $196,082,300
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $5,727,452
Professional Fees $271,738
Contract Administrator Fees $2,639,338
Investment Advisory and management fees $2,627,616
Other Administrative Fees $188,760
Net Income $384,796,508
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2007 12/31/2006 Change YOY
Total Assets $5,348,657,333 $4,963,301,404 7.76%
Total noninterest-bearing cash $0 $2,631,494 -100.00%
Receivables $9,925,538 $9,107,571 8.98%
Employer Contributions $0 $0 0.0%
Participant Contributions $8,969,663 $8,432,251 6.37%
Other Contributions $955,875 $675,320 41.54%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $81,689,368 $76,391,158 6.94%
Value of interest in common/collective trusts $4,048,934,729 $3,715,219,793 8.98%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $0 $0 0.0%
Other Investments $1,208,107,698 $1,159,951,388 4.15%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $855,200 $295,779 189.13%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $237,597 $295,779 -19.67%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $617,603 $0 0.0%
Net Assets $5,347,802,133 $4,963,005,625 7.75%

Service Providers

Service Providers

Name Nature of Service Relationship to Plan Sponsor Gross Salary or Allowances Paid by Plan Fees and Commissions Paid by Plan Total Salary/Fees
State Street Global Advisors Investment Management $0 $2,627,616 $2,627,616
Citistreet Contract Administrator $0 $2,479,135 $2,479,135
Ups General Services Administration $0 $160,203 $160,203
Aon Risk Services Insurance Agents and Brokers (not on Schedule A) $0 $131,650 $131,650
Benefits Law Group Legal $0 $108,819 $108,819
Alan D. Biller & Associates Investment Management $0 $65,289 $65,289
O'Dwyer & Bernstein Legal $0 $63,371 $63,371
CMD Other $0 $52,649 $52,649
Watson Wyatt Consulting $0 $20,000 $20,000
Buchbinder Tunick & Co. LLP Accounting $0 $14,260 $14,260
Total $0 $5,722,992 $5,722,992

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
S&P 500 Equity Index Fund State Street Bank & Trust DFE: Common/Collective Trust $1,918,744,410
S & P Mid-Cap Index State Street Bank & Trust DFE: Common/Collective Trust $548,950,418
Russell 2000 Index Fund State Street Bank & Trust DFE: Common/Collective Trust $442,975,492
Balance Fund State Street Bank & Trust DFE: Common/Collective Trust $258,742,316
Daily Eafe Fund State Street Bank & Trust DFE: Common/Collective Trust $242,550,440
Government Shortterm Fund State Street Bank & Trust DFE: Common/Collective Trust $152,857,751
Bright Horizon 2035 State Street Bank & Trust DFE: Common/Collective Trust $123,943,753
Passive Bond Fund State Street Bank & Trust DFE: Common/Collective Trust $117,971,172
Bright Horizon 2025 State Street Bank & Trust DFE: Common/Collective Trust $108,024,292
Bright Horizon 2015 State Street Bank & Trust DFE: Common/Collective Trust $78,533,003
Bright Horizon 2005 State Street Bank & Trust DFE: Common/Collective Trust $26,814,407
Reit Index Fund State Street Bank & Trust DFE: Common/Collective Trust $15,264,714
Bright Horizon 2045 State Street Bank & Trust DFE: Common/Collective Trust $13,562,561
Total $4,048,934,729

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.