Retirement plan

CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443 401(K) PROFIT SHARING PLAN

Name: CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443 - CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443 401(K) PROFIT SHARING PLAN, CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443

CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443EIN 06-0690083Plan #002PY 2020

200 WALLACE ST - NEW HAVEN, CT 06511203-624-5185

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$905K

+11.7% from 2019

Total participants

0.0% from 2019

Average account balance

$82,315

+11.7% from 2019

Annual return

9.13%

+0.76 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$745K

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+7.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28881

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 codes2E2F2G2J2T3D

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$15K

$1678 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.668%

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

$82,315

$100,938-18.4%

$90,461-9.0%

$158,982-48.2%

Participation rate

77.8%

75.0%+2.7pp

72.7%+5.1pp

82.0%-4.2pp

Annual return

9.13%

1727.20%-1718.1pp

1294.76%-1285.6pp

302.99%-293.9pp

Employer contribution / active EE

$3,691-100.0%

$3,264-100.0%

$4,763-100.0%

Participant deferral / active EE

$2,998

$4,350-31.1%

$3,964-24.4%

$5,983-49.9%

Admin fee / account holder

$1,373

$6,510-78.9%

$5,617-75.6%

$11,252-87.8%

CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHAUFFERS, TEAMSTERS, WAREHOUSEMEN LOCAL 443 401(K) PROFIT SHARING 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