Retirement plan

AMALGAMATED WELFARE TRUST FUND-LOCAL 371 PROFIT SHARING PLAN AND TRUST

Name: UFCW & PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUND - AMALGAMATED WELFARE TRUST FUND-LOCAL 371 PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: UFCW & PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMALGAMATED WELFARE TRUST FUND-LOCAL 371 PROFIT SHARING PLAN AND TRUST, UFCW & PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUND

UFCW & PARTICIPATING EMPLOYERS NEW ENGLAND HEALTH FUNDEIN 06-6069081Plan #002PY 2021

290 POST ROAD WEST - WESTPORT, CT 068804703203-226-4751

Other plans on this EIN

2 filings

#001Retirement-$1.2M assets #003Retirement-$492K assets

Prospect flagsHigh feesLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+2.7% from 2020

Total participants

-28.6% from 2020

Average account balance

$249,704

+43.8% from 2020

Annual return

14.27%

-3.88 pp from 2020

Benchmarks

See 19,954 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort19,954 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.14M

Not enough data

1 years with asset history on file

Average account balance

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

$378K

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

$53K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+15.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$83060

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 codes2E2F2G2T3D

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.
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

3 tripped

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

$218K

$54574 / participant

Other / not subdivided$218K100.0%

% of EOY assets

17.484%

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

$249,704

$118,875+110.1%

$96,572+158.6%

$167,553+49.0%

Participation rate

100.0%

75.5%+24.5pp

69.8%+30.2pp

82.1%+17.9pp

Annual return

14.27%

50.50%-36.2pp

37.79%-23.5pp

478.89%-464.6pp

Employer contribution / active EE

$16,879

$3,121+440.8%

$2,357+616.0%

$4,840+248.8%

Participant deferral / active EE

$4,617-100.0%

$3,850-100.0%

$6,343-100.0%

Admin fee / account holder

$43,659

$8,070+441.0%

$6,183+606.1%

$12,316+254.5%

AMALGAMATED WELFARE TRUST FUND-LOCAL 371 PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMALGAMATED WELFARE TRUST FUND-LOCAL 371 PROFIT SHARING PLAN AND TRUST

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