Retirement plan

TEAMSTERS, CHAUFFEURS, WAREHOUSEMEN & HELPERS LOCAL 191 401(K) PSP

Name: TEAMSTERS LOCAL 191 - TEAMSTERS, CHAUFFEURS, WAREHOUSEMEN & HELPERS LOCAL 191 401(K) PSP (2023) Form 5500
Creator: TEAMSTERS LOCAL 191
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMSTERS, CHAUFFEURS, WAREHOUSEMEN & HELPERS LOCAL 191 401(K) PSP, TEAMSTERS LOCAL 191

TEAMSTERS LOCAL 191EIN 06-0453477Plan #002PY 2023

1139 FAIRFIELD AVENUE - BRIDGEPORT, CT 06605203-368-0231LinkedIn1-10 employees

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$676K

+18.9% from 2022

Total participants

+33.3% from 2022

Average account balance

$75,090

-20.7% from 2022

Annual return

19.14%

+37.70 pp from 2022

Benchmarks

See 41,922 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,922 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$632K

Not enough data

1 years with asset history on file

Average account balance

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

$90K

Not enough data

1 years with per-participant data

Participants with account balance

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

Not enough data

1 years with headcount on file

Eligible Participants and Participation

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

53.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2242

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

0 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E3D2G2J2F2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$36K

$3557 / participant

Other / not subdivided$36K100.0%

% of EOY assets

5.263%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,090

$96,635-22.3%

$86,612-13.3%

$139,434-46.1%

Participation rate

70.0%

74.4%-4.4pp

71.7%-1.7pp

80.3%-10.3pp

Annual return

19.14%

106.41%-87.3pp

591.07%-571.9pp

372.94%-353.8pp

Employer contribution / active EE

$3,263-100.0%

$3,022-100.0%

$4,751-100.0%

Participant deferral / active EE

$3,030

$4,836-37.3%

$4,438-31.7%

$6,710-54.8%

Admin fee / account holder

$3,952

$6,408-38.3%

$5,614-29.6%

$11,403-65.3%

TEAMSTERS, CHAUFFEURS, WAREHOUSEMEN & HELPERS LOCAL 191 401(K) PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS, CHAUFFEURS, WAREHOUSEMEN & HELPERS LOCAL 191 401(K) PSP

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