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FORM 5500 DATA

The Teamsters ? UPS National 401k Tax Deferred Savings Plan

Overview

Plan Information

  • Plan Year01/01/2018 — 12/31/2018
  • Date of Plan07/01/1988
  • Net Assets as of 12/31/2018 $10,905,498,788
  • 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 12/31/2018

  • Active (Eligible) Participants469,354
  • Retired or separated participants receiving benefits288
  • Other retired or separated participants entitled to future benefits19,938
  • Subtotal489,580
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total489,580
  • Total number of participants as of 01/01/2018461,685
  • Number of participants with account balances154,046
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

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 Parkway NE
  • CityAtlanta
  • StateGA
  • Zip30328-3474
  • Telephone(404) 828-8661
  • EIN95-1732075
  • Industry Code484200

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.
2R Brokerage Window Participant-directed brokerage accounts provided as an investment option under the plan.
2S Automatic Enrollment Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.

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? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $50,935,125
Contributions $628,756,618
Cash Contributions $628,756,618
Cash from Employers $0
Cash from Participants $628,756,618
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-570,483,766
Total Interest $10,727,541
Interest-Bearing Cash $5,528,253
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $5,199,288
Interest from Other Investments $0
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 $-581,211,307
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 $-7,337,727
Expenses $616,043,468
Total Benefit Payments $606,918,243
Directly to participants or beneficiaries, including direct rollovers $606,918,243
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 $9,125,225
Professional Fees $273,514
Contract Administrator Fees $0
Investment Advisory and management fees $3,268,603
Other Administrative Fees $5,583,108
Net Income $-565,108,343
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2018 12/31/2017 Change YOY
Total Assets $10,906,126,122 $11,471,392,135 -4.93%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $13,681,831 $13,451,181 1.71%
Employer Contributions $0 $0 0.0%
Participant Contributions $13,681,831 $13,451,181 1.71%
Other Contributions $0 $0 0.0%
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 $117,508,877 $114,316,436 2.79%
Value of interest in common/collective trusts $8,589,981,407 $9,227,569,839 -6.91%
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 $2,184,954,007 $2,116,054,679 3.26%
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 $627,334 $785,004 -20.09%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $627,334 $785,004 -20.09%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $10,905,498,788 $11,470,607,131 -4.93%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Prudential Retirement Insurance Contract Administrator, Recordkeeping fees, Account maintenance fees, Direct payment from the plan, Participant loan processing, Plan Administrator, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant communication $5,435,593 $0 $5,435,593
Mellon Capital Management Investment management, Direct payment from the plan $2,741,155 $0 $2,741,155
Bank of New York Mellon Custodial (securities), Direct payment from the plan $527,448 $0 $527,448
Alan D. Biller & Associates Investment advisory (plan), Direct payment from the plan, Investment management $111,308 $0 $111,308
O'Dwyer & Bernstien Consulting (general), Direct payment from the plan $32,947 $0 $32,947
Benefits Law Group Legal, Direct payment from the plan $22,265 $0 $22,265
Ciccarello, Del Giudice & Lafon Direct payment from the plan, Legal $7,800 $0 $7,800
Total $8,878,516 $0 $8,878,516

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Bny Mellon Capital Stock Index Fd The Bank of New York Mellon DFE: Common/Collective Trust $3,929,079,597
Bny Mellon Mid Cap Stock Index Fd The Bank of New York Mellon DFE: Common/Collective Trust $1,198,246,601
Bny Mellon Small Cap Stock Index Fd The Bank of New York Mellon DFE: Common/Collective Trust $879,241,263
Bny Aggregate Bond Index Fund The Bank of New York Mellon DFE: Common/Collective Trust $636,121,922
Bny Smartpath Target Date 2025 Fd The Bank of New York Mellon DFE: Common/Collective Trust $340,152,532
Bny Smartpath Target Date 2035 Fd The Bank of New York Mellon DFE: Common/Collective Trust $339,373,111
Bny Mellon Capital Intl Stock Index The Bank of New York Mellon DFE: Common/Collective Trust $297,995,320
Bny Mellon Capital Reit Index Fd The Bank of New York Mellon DFE: Common/Collective Trust $169,044,657
Bny Smartpath Target Date 2045 Fd The Bank of New York Mellon DFE: Common/Collective Trust $142,854,304
Bny Smartpath Target Date 2015 Fd The Bank of New York Mellon DFE: Common/Collective Trust $131,244,680
Bny Smartpath Retirement Income Fd The Bank of New York Mellon DFE: Common/Collective Trust $112,694,381
Bny Smartpath Target Date 2030 Fd The Bank of New York Mellon DFE: Common/Collective Trust $112,554,667
Bny Smartpath Target Date 2020 Fd The Bank of New York Mellon DFE: Common/Collective Trust $104,909,162
Bny Smartpath Target Date 2040 Fd The Bank of New York Mellon DFE: Common/Collective Trust $101,957,418
Bny Smartpath Target Date 2050 Fd The Bank of New York Mellon DFE: Common/Collective Trust $72,034,852
Bny Smartpath Target Date 2055 Fd The Bank of New York Mellon DFE: Common/Collective Trust $19,130,433
Bny Smartpath Target Date 2060 Fd The Bank of New York Mellon DFE: Common/Collective Trust $3,346,507
Total $8,589,981,407

Insurance Information

Insurance Information

There are no insurance carriers listed for this plan.