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UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 401k Plan overview

Plan NameUPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES
Plan identification number 527

UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES Benefits

401k Plan TypeWelfare Benefit
Plan Features/Benefits
  • Health (other than dental or vision)
  • Dental
  • Vision
  • Other welfare benefit cover

401k Sponsoring company profile

UNITED PARCEL SERVICE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:UNITED PARCEL SERVICE COMPANY
Employer identification number (EIN):131686691
NAIC Classification:481000
NAIC Description: Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
5272023-01-01BARBARA J DORFMAN2024-11-03 AARON KONNICK2024-10-29
5272022-01-01BARBARA J. DORFMAN2023-10-12 DONALD LANCASTER2023-10-12

Plan Statistics for UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES

401k plan membership statisitcs for UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES

Measure Date Value
2023: UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 2023 401k membership
Total participants, beginning-of-year2023-01-01476
Total number of active participants reported on line 7a of the Form 55002023-01-01521
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-010
Total of all active and inactive participants2023-01-01521
2022: UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 2022 401k membership
Total participants, beginning-of-year2022-01-01437
Total number of active participants reported on line 7a of the Form 55002022-01-01476
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-010
Total of all active and inactive participants2022-01-01476

Financial Data on UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES

Measure Date Value
2023 : UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$7,721,019
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$7,161,434
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$7,161,434
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$8,139,029
Value of total assets at end of year2023-12-31$656,687
Value of total assets at beginning of year2023-12-31$97,102
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$0
Total interest from all sources2023-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$1,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$4,101,168
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-12-31$7,129,720
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-12-31$342,731
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-12-31$15,971
Total non interest bearing cash at end of year2023-12-31$180,776
Total non interest bearing cash at beginning of year2023-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$559,585
Value of net assets at end of year (total assets less liabilities)2023-12-31$656,687
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$97,102
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Value of interest in master investment trust accounts at end of year2023-12-31$133,180
Value of interest in master investment trust accounts at beginning of year2023-12-31$81,131
Expenses. Payments to insurance carriers foe the provision of benefits2023-12-31$31,714
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$4,037,861
Did the plan have assets held for investment2023-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2023-12-31133891517
Total unrealized appreciation/depreciation of assets2023-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-01-01$0
Total income from all sources (including contributions)2023-01-01$7,721,019
Total loss/gain on sale of assets2023-01-01$0
Total of all expenses incurred2023-01-01$7,161,434
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-01-01$7,161,434
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-01-01$8,139,029
Value of total assets at end of year2023-01-01$656,687
Value of total assets at beginning of year2023-01-01$97,102
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-01-01$0
Total interest from all sources2023-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2023-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-01-01No
Was this plan covered by a fidelity bond2023-01-01Yes
Value of fidelity bond cover2023-01-01$1,000,000
If this is an individual account plan, was there a blackout period2023-01-01No
Were there any nonexempt tranactions with any party-in-interest2023-01-01No
Contributions received from participants2023-01-01$4,101,168
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2023-01-01$7,129,720
Value of other receiveables (less allowance for doubtful accounts) at end of year2023-01-01$342,731
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2023-01-01$15,971
Total non interest bearing cash at end of year2023-01-01$180,776
Total non interest bearing cash at beginning of year2023-01-01$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Value of net income/loss2023-01-01$559,585
Value of net assets at end of year (total assets less liabilities)2023-01-01$656,687
Value of net assets at beginning of year (total assets less liabilities)2023-01-01$97,102
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2023-01-01No
Were any leases to which the plan was party in default or uncollectible2023-01-01No
Value of interest in master investment trust accounts at end of year2023-01-01$133,180
Value of interest in master investment trust accounts at beginning of year2023-01-01$81,131
Expenses. Payments to insurance carriers foe the provision of benefits2023-01-01$31,714
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-01-01No
Was there a failure to transmit to the plan any participant contributions2023-01-01No
Has the plan failed to provide any benefit when due under the plan2023-01-01No
Contributions received in cash from employer2023-01-01$4,037,861
Did the plan have assets held for investment2023-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-01-01No
Opinion of an independent qualified public accountant for this plan2023-01-011
Accountancy firm name2023-01-01DELOITTE & TOUCHE LLP
Accountancy firm EIN2023-01-01133891517
2022 : UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$6,741,842
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$6,738,528
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$6,738,528
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$7,155,502
Value of total assets at end of year2022-12-31$97,102
Value of total assets at beginning of year2022-12-31$93,788
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$0
Total interest from all sources2022-12-31$0
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$1,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$3,855,353
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-12-31$6,738,528
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-12-31$15,971
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-12-31$17,262
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$3,314
Value of net assets at end of year (total assets less liabilities)2022-12-31$97,102
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$93,788
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in master investment trust accounts at end of year2022-12-31$81,131
Value of interest in master investment trust accounts at beginning of year2022-12-31$76,526
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$3,300,149
Did the plan have assets held for investment2022-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31CROWE LLP
Accountancy firm EIN2022-12-31350921680
Total unrealized appreciation/depreciation of assets2022-01-01$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-01-01$0
Total income from all sources (including contributions)2022-01-01$6,741,842
Total loss/gain on sale of assets2022-01-01$0
Total of all expenses incurred2022-01-01$6,738,528
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-01-01$6,738,528
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-01-01$7,155,502
Value of total assets at end of year2022-01-01$97,102
Value of total assets at beginning of year2022-01-01$93,788
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-01-01$0
Total interest from all sources2022-01-01$0
Total dividends received (eg from common stock, registered investment company shares)2022-01-01$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-01-01No
Was this plan covered by a fidelity bond2022-01-01Yes
Value of fidelity bond cover2022-01-01$1,000,000
If this is an individual account plan, was there a blackout period2022-01-01No
Were there any nonexempt tranactions with any party-in-interest2022-01-01No
Contributions received from participants2022-01-01$3,855,353
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)2022-01-01$6,738,528
Value of other receiveables (less allowance for doubtful accounts) at end of year2022-01-01$15,971
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2022-01-01$17,262
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Value of net income/loss2022-01-01$3,314
Value of net assets at end of year (total assets less liabilities)2022-01-01$97,102
Value of net assets at beginning of year (total assets less liabilities)2022-01-01$93,788
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-01-01No
Were any loans by the plan or fixed income obligations due to the plan in default2022-01-01No
Were any leases to which the plan was party in default or uncollectible2022-01-01No
Value of interest in master investment trust accounts at end of year2022-01-01$81,131
Value of interest in master investment trust accounts at beginning of year2022-01-01$76,526
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-01-01No
Was there a failure to transmit to the plan any participant contributions2022-01-01No
Has the plan failed to provide any benefit when due under the plan2022-01-01No
Contributions received in cash from employer2022-01-01$3,300,149
Did the plan have assets held for investment2022-01-01No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-01-01No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-01-01No
Opinion of an independent qualified public accountant for this plan2022-01-011
Accountancy firm name2022-01-01CROWE LLP
Accountancy firm EIN2022-01-01350921680

Form 5500 Responses for UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES

2023: UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedYes
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – InsuranceYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement – InsuranceYes
2023-01-01Plan benefit arrangement - TrustYes
2022: UPS CREWMEMBERS BENEFIT PACKAGE FOR RETIRED EMPLOYEES 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

VISION SERVICE PLAN (National Association of Insurance Commissioners NAIC id number: 32395 )
Policy contract number12098740
Policy instance 1
Insurance contract or identification number12098740
Number of Individuals Covered410
Insurance policy start date2023-01-01
Insurance policy end date2023-12-31
Total amount of commissions paid to insurance brokerUSD $0
Total amount of fees paid to insurance companyUSD $0
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitYes
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No

Potentially related plans

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