Retirement plan

AFT CONNECTICUT 401(K) RETIREMENT PLAN FOR UNION EES

Name: AFT CONNECTICUT - AFT CONNECTICUT 401(K) RETIREMENT PLAN FOR UNION EES (2017) Form 5500
Creator: AFT CONNECTICUT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AFT CONNECTICUT 401(K) RETIREMENT PLAN FOR UNION EES, AFT CONNECTICUT

AFT CONNECTICUTEIN 06-6069203Plan #003PY 2017

35 MARSHALL ROAD - ROCKY HILL, CT 060671400860-257-9782aftct.orgLinkedIn1-10 employeescivic & social organization

Other plans on this EIN

2 filings

#001Retirement-$4.8M assets #002Retirement-$1.5M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$594K

+5.9% from 2016

Total participants

+44.4% from 2016

Average account balance

$84,864

+5.9% from 2016

Annual return

12.51%

+14.87 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.40M

Not enough data

1 years with asset history on file

Average account balance

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

$233K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

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

+10.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2715

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 codes2G2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$92K

$8378 / participant

Other / not subdivided$92K100.0%

% of EOY assets

15.513%

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

$84,864

$99,011-14.3%

$86,582-2.0%

$147,586-42.5%

Participation rate

45.5%

76.3%-30.9pp

73.5%-28.1pp

82.8%-37.4pp

Annual return

12.51%

1312.75%-1300.2pp

965.08%-952.6pp

578.59%-566.1pp

Employer contribution / active EE

$3,641

$3,132+16.3%

$2,839+28.2%

$4,876-25.3%

Participant deferral / active EE

$827

$3,972-79.2%

$3,609-77.1%

$5,439-84.8%

Admin fee / account holder

$13,165

$5,709+130.6%

$4,904+168.4%

$10,886+20.9%

AFT CONNECTICUT 401(K) RETIREMENT PLAN FOR UNION EES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AFT CONNECTICUT 401(K) RETIREMENT PLAN FOR UNION EES

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