Board of Trustees of Teamsters Local 617 Pension Fund retirement plan: assets, participants and fees
What Board of Trustees of Teamsters Local 617 Pension Fund's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Bank of America | 2023 Schedule C ↗ |
| Independent auditor | Mspc Cpas & Advisors, P.C. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 28 pension plans in transportation and warehousing with 500 to 999 participants.
| Board of Trustees of Teamsters Local 617 Pension Fund: employer contribution per participant | $292 | |
| Peer median | $1,855 |
| Board of Trustees of Teamsters Local 617 Pension Fund: average balance | $205,701 | |
| Peer median | $78,640 |
| Board of Trustees of Teamsters Local 617 Pension Fund: admin expenses ÷ assets | 1.23% | |
| Peer median | 0.67% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from -$7.9M at the end of plan year 2021 to $160M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 778 | $160M | $227K | $292 | 1.23% | Not published | Form 5500 ↗ |
| 2023 | 789 | $161M | $401K | $508 | 0.56% | Not published | Form 5500 ↗ |
| 2022 | 815 | $166M | $124K | $152 | 0.77% | Not published | Form 5500 ↗ |
| 2021 | 837 | -$7.9M | $120K | $143 | — | Not published | Form 5500 ↗ |
Common questions
Does Board of Trustees of Teamsters Local 617 Pension Fund match 401(k) contributions?
The match terms for the Teamsters Local 617 Pension Fund have not been published from its filing yet. The plan year 2024 filing reports $227K in employer contributions, about $292 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Board of Trustees of Teamsters Local 617 Pension Fund 401(k) match vested?
The vesting schedule for the Teamsters Local 617 Pension Fund is not in the data published so far. Your Summary Plan Description states it.
Who manages the Board of Trustees of Teamsters Local 617 Pension Fund 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Bank of America. The plan administrator is Board of Trustees of Teamsters Local 617 Pension Fund.
I left Board of Trustees of Teamsters Local 617 Pension Fund. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Board of Trustees of Teamsters Local 617 Pension Fund, (201) 941-7290) or the recordkeeper, Bank of America. The Board of Trustees of Teamsters Local 617 Pension Fund old 401(k) page lists the contacts from every plan filing. Find an old Board of Trustees of Teamsters Local 617 Pension Fund 401(k)
Data from the public Form 5500 annual reports Board of Trustees of Teamsters Local 617 Pension Fund filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Board of Trustees of Teamsters Local 617 Pension Fund. Not financial advice. Report a correction · Methodology