Retirement plan

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN

Name: BOARD OF TRUSTEES, LOCAL 25 NEW ENGLAND SAVINGS & INVSTMENT TR FUND - LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES, LOCAL 25 NEW ENGLAND SAVINGS & INVSTMENT TR FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN, BOARD OF TRUSTEES, LOCAL 25 NEW ENGLAND SAVINGS & INVSTMENT TR FUND

BOARD OF TRUSTEES, LOCAL 25 NEW ENGLAND SAVINGS & INVSTMENT TR FUNDEIN 04-3320357Plan #001PY 2020

544 MAIN STREET - CHARLESTOWN, MA 02129617-241-8825

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.7M

+8.3% from 2019

Total participants

475

-1.7% from 2019

Average account balance

$11,956

+8.5% from 2019

Annual return

12.26%

-5.18 pp from 2019

Benchmarks

See 659 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort659 peers

Snapshot2020

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.25M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$251K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.36%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 13 · EIN 27-2037969	Contract Administrator	$25,541
GLOBAL RETIREMENT PARTNERS LLC6+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Advisory (Participants)	$22,699
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (directed); Trustee (discreti...	$5,044

Plan features & details

Pension benefit codes2F2G2J2T

Plan features

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 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of 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
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$53K

$129 / participant

Investment mgmt$23K42.6%
Contract admin$26K47.9%
Other / not subdivided$5K9.5%

% of EOY assets

0.938%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MANZI & ASSOCIATES, LLC
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,956

$51,288-76.7%

$81,982-85.4%

$73,412-83.7%

Participation rate

100.0%

64.0%+36.0pp

69.3%+30.7pp

72.2%+27.8pp

Annual return

12.26%

29.48%-17.2pp

41.31%-29.1pp

59.30%-47.0pp

Employer contribution / active EE

$457

$1,487-69.2%

$2,498-81.7%

$2,234-79.5%

Participant deferral / active EE

$2,715-100.0%

$3,722-100.0%

$3,806-100.0%

Admin fee / account holder

$112

$125-10.5%

$5,665-98.0%

$158-29.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 13 · EIN 27-2037969

Contract Administrator

$25,541

GLOBAL RETIREMENT PARTNERS LLC6+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 26

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Advisory (Participants)

$22,699

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (directed); Trustee (discreti...

$5,044

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 25 NEW ENGLAND TEAMSTERS SAVINGS AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion