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Retirement plan

CENTRAL STATES, SOUTHEAST & SOUTHWEST AREAS PENSION PLAN

TRUSTEES OF CENTRAL STATES, SE AND SW AREAS PENSION FUNDEIN 36-6044243Plan #001PY 2023
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8647 WEST HIGGINS ROAD - CHICAGO, IL 606312803847-518-9800LinkedIn10001+ employeespackage/freight delivery
Prospect flagsHigh retiree %Low participant contribution

Filing contacts

From the Form 5500, federal record
Plan sponsor & administrator signer
BRADLEY GRIMES
Signed 10/09/2024
(847) 518-9800
How to read this page

Summary metrics

Total assets (EOY)
$49680.3M
+6.8% from 2016
Total participants
338,986
+1.6% from 2016
Average account balance
$0
No prior year
Annual return
22.00%
-5.19 pp from 2016

Benchmarks

See 191 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
Participant deferral / active EE
$0
median $12
Employer contribution / active EE
$13,985
median $5,926
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
22.00%
median 8.27%
Overall peer rank
51st percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$48.22B
Average account balance
Total assets / participants with a balance (line 6g)
$145K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
293,918
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$455.03M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.91%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 50 by compensation
ProviderService typeCompensation
BLACKROCK FINANCIAL MANAGEMENT INC.6 years
Service code 19 · EIN 13-3806691
Securities Custodian
$4,755,544
RUSSELL INVESTMENTS IMPLEMENTATION1 year
Service code 51 · EIN 91-0604934
Investment Mgmt Fees
$4,557,821
THE BANK OF NEW YORK MELLON9+ years
Service code 15 · EIN 13-5160382
Recordkeeping
$3,995,085
INSIGHT NORTH AMERICA LLC1 year
Service code 51 · EIN 82-0983489
Investment Mgmt Fees
$2,015,467
PAYDEN AND RYGEL1 year
Service code 51 · EIN 95-3921788
Investment Mgmt Fees
$1,610,793
JP MORGAN INVESTMENT MANAGEMENT INC1 year
Service code 28 · EIN 13-3200244
Investment Management
$784,722
NORTHERN TRUST INVESTMENTS1 year
Service code 31 · EIN 36-3608252
Named fiduciary
$740,580
CDW DIRECT LLC7 years
Service code 49 · EIN 36-3310735
Other Services
$703,800
MELLON INVESTMENTS CORPORATION5 years
Service code 51 · EIN 25-1442864
Investment Mgmt Fees
$565,567
LOOMIS SAYLES AND COMPANY1 year
Service code 51 · EIN 04-3200030
Investment Mgmt Fees
$532,572

Enrolled actuary

1 attachment
MB

DANIEL V. CINER, MAAA

SEGAL
Enrollment #2305773
101 NORTH WACKER DRIVE, SUITE 500
CHICAGO, IL 606061724
(312) 984-8500
Signed 2024-07-29

Top hat statement on fileNQDC

Filed November 22, 2002

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1B1E
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
  • 1E
    Section 401(h) arrangement
    Plan contains separate accounts under Code section 401(h) to provide employee health benefits.

Opportunity flags

2 tripped
  • OpportunityLow participant contribution

    Participant contribution per participant is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$74.4M
$2021 / participant
  • Trustee / custodial$1M1.4%
  • Investment mgmt$26M34.4%
  • Legal$126K0.2%
  • Actuarial$493K0.7%
  • Salaries / allowances$26M34.8%
  • Other trustee fees$111K0.1%
  • Other / not subdivided$21M28.5%
% of EOY assets
0.150%
all-in expense ratio
Categories reported
6 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
WITHUM SMITH+BROWN, PC
Auditor EIN
222027092
Audit fees
$192,836
Opinion code
Unqualified