Retirement plan

GENERAL TEAMSTERS, CHAUFFEURS AND WAREHOUSEMEN LOCAL 493 401(K) PLAN

Name: GENERAL TEAMSTERS, CHAUFFEURS & WAREHOUSEMEN LOCAL 493 - GENERAL TEAMSTERS, CHAUFFEURS AND WAREHOUSEMEN LOCAL 493 401(K) PLAN (2022) Form 5500
Creator: GENERAL TEAMSTERS, CHAUFFEURS & WAREHOUSEMEN LOCAL 493
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENERAL TEAMSTERS, CHAUFFEURS AND WAREHOUSEMEN LOCAL 493 401(K) PLAN, GENERAL TEAMSTERS, CHAUFFEURS & WAREHOUSEMEN LOCAL 493

GENERAL TEAMSTERS, CHAUFFEURS & WAREHOUSEMEN LOCAL 493EIN 06-0601240Plan #002PY 2022

18 CRESCENT STREET, PO BOX 485 - UNCASVILLE, CT 06382860-848-9201

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$214K

+2.6% from 2021

Total participants

0.0% from 2021

Average account balance

$42,848

-17.9% from 2021

Annual return

-12.38%

-19.85 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$386K

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7617

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

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

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 codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$858

$286 / participant

Other / not subdivided$858100.0%

% of EOY assets

0.400%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,848

$92,766-53.8%

$82,763-48.2%

$134,545-68.2%

Participation rate

100.0%

75.2%+24.8pp

72.6%+27.4pp

81.2%+18.8pp

Annual return

-12.38%

946.97%-959.4pp

702.45%-714.8pp

418.37%-430.7pp

Employer contribution / active EE

$4,828

$3,273+47.5%

$3,008+60.5%

$4,742+1.8%

Participant deferral / active EE

$5,600

$4,802+16.6%

$4,395+27.4%

$6,401-12.5%

Admin fee / account holder

$172

$5,978-97.1%

$5,325-96.8%

$11,431-98.5%

GENERAL TEAMSTERS, CHAUFFEURS AND WAREHOUSEMEN LOCAL 493 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENERAL TEAMSTERS, CHAUFFEURS AND WAREHOUSEMEN LOCAL 493 401(K) 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