On your statement they have to show all the deductions, they can't deduct money from your account and not reveal it.
I just generated a custom statement for the last year and total deductions were approximately .0116% of my ending account value (ie they were probably slightly more if calculated quarterly.) That's pretty damn good. FYI I'm entirely in index funds.
You are in Index funds which typically 5 to 10 basis points or an expense ratio of .005 to .01 so that seems right.
Granted that I am not familiar with the Teamster's 401k and what Mutual Funds or stocks you can invest in.
In the UPS Management 401k we can invest in the standard BH Funds and another 15 or so. Management can also invest in anything listed on the NYSE and NASDAQ.
Many funds are listed on those two markets and you can invest in them via ETFs which is what I did.
I had a fee-only financial adviser show me how many of the actively managed funds have expenses that are deducted during the transactions. For instance, a stock in that fund may be traded and when it is a "hidden" cost never shows up anywhere that you can see nor does the SEC require it to be disclosed.
Example - Stock purchased at 100 and 6 months later sells for 112 with commission and sale costs of 8 dollars.
That 8 dollars never is disclosed as part of the fund "Expense Ratio". Your statements look like you made a 4% gain but it was actually 12%.
This is pretty much true for any fund but Index Funds are not actively traded so these costs are fairly negligible.
A study in 2007 by Ricahrd Kopcke of the top 100 funds contained within 401ks showed these hidden costs ranging for the funds that averaged from 0.11% of assets annually in the lowest costs funds, to 1.99% of assets with the highest costs, with a median of 0.66%. Other studies have found these hidden costs ranging from 0.14 to 2.96 % with an average of 1.44%.
In 2007, one of the BH funds for UPS management had these hidden management fees around 1%.
These hidden costs are the reason so many independent financial advisers, that cannot and will not manage your investments (buy and sell), advise investors to buy Index Funds.