Retirement plan

NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS INDIVIDUAL ACCOUNT PLAN

Name: NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS - NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS INDIVIDUAL ACCOUNT PLAN (2015) Form 5500
Creator: NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS INDIVIDUAL ACCOUNT PLAN, NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS

NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONSEIN 11-1896570Plan #003PY 2015

148-06 HILLSIDE AVENUE - JAMAICA, NY 114353331718-291-3434LinkedIn1-10 employeescivic & social organization

Other plans on this EIN

1 filing

#004Retirement-$19K assets

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$54M

No prior year

Total participants

5,363

No prior year

Average account balance

$10,066

No prior year

Annual return

-1.17%

No prior year

Benchmarks

See 742 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort742 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$124.39M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

5,848

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

$7.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$152

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
CHERNOFF DIAMOND & CO., LLC1+ years Service code 15 · EIN 11-2836994	Recordkeeping	$239,993
KEVIN O'DONNELL1+ years Service code 14 · EIN 11-2428395	Plan Administrator	$34,491
JANE MORRIS1+ years Filed as: JANE CONSTANTINO Service code 30 · EIN 11-2428395	Employee (plan)	$31,930
PROSKAUER ROSE LLP1+ years Filed as: PROSKAUER Service code 29 · EIN 13-1840454	Legal	$31,895
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$25,807
DANIEL H. COOK ASSOCIATES, INC1+ years Filed as: DANIEL LASKY Service code 14 PO BOX 880109 · BOCA RATON, FL 334880109	Plan Administrator	$17,500
GOULD, KOBRICK & SCHLAPP, P.C.1+ years Filed as: GOULD, KOBRICK AND SCHLAPP P.C. Service code 10 · EIN 11-3082707	Accounting	$17,500
CHARLES SCHWAB & CO., INC.1+ years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$732K

$272 / participant

Investment mgmt$4K0.5%
Contract admin$250K34.2%
Other / not subdivided$478K65.3%

% of EOY assets

1.356%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GOULD, KOBRICK & SCHLAPP, P.C.
Auditor EIN: 113082707
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,066

$71,957-86.0%

$67,652-85.1%

$59,188-83.0%

Participation rate

100.0%

82.7%+17.3pp

75.7%+24.3pp

69.4%+30.5pp

Annual return

-1.17%

8.53%-9.7pp

6625.40%-6626.6pp

5.51%-6.7pp

Employer contribution / active EE

$1,524

$2,432-37.3%

$2,266-32.7%

$2,098-27.3%

Participant deferral / active EE

$383

$4,211-90.9%

$3,560-89.2%

$3,265-88.3%

Admin fee / account holder

$136

$64+112.6%

$4,821-97.2%

$92+48.0%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC1+ years

Service code 15 · EIN 11-2836994

Recordkeeping

$239,993

KEVIN O'DONNELL1+ years

Service code 14 · EIN 11-2428395

Plan Administrator

$34,491

JANE MORRIS1+ years

Filed as: JANE CONSTANTINO

Service code 30 · EIN 11-2428395

Employee (plan)

$31,930

PROSKAUER ROSE LLP1+ years

Filed as: PROSKAUER

Service code 29 · EIN 13-1840454

Legal

$31,895

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$25,807

DANIEL H. COOK ASSOCIATES, INC1+ years

Filed as: DANIEL LASKY

Service code 14

PO BOX 880109 · BOCA RATON, FL 334880109

Plan Administrator

$17,500

GOULD, KOBRICK & SCHLAPP, P.C.1+ years

Filed as: GOULD, KOBRICK AND SCHLAPP P.C.

Service code 10 · EIN 11-3082707

Accounting

$17,500

CHARLES SCHWAB & CO., INC.1+ years

Service code 19 · EIN 94-1737782

Securities Custodian

NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS INDIVIDUAL ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS INDIVIDUAL ACCOUNT 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