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 (2019) 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 2019

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 assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$87M

+22.5% from 2018

Total participants

5,455

+1.0% from 2018

Average account balance

$15,956

+21.2% from 2018

Annual return

20.38%

+25.28 pp from 2018

Benchmarks

See 822 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort822 peers

Snapshot2019

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 10 by compensation

Provider	Service type	Compensation
CHERNOFF DIAMOND & CO., LLC5+ years Service code 15 · EIN 11-2836994	Recordkeeping	$177,256
USI CONSULTING GROUP1 year Service code 15 · EIN 06-1053228	Recordkeeping	$58,342
KEVIN O'DONNELL5+ years Service code 14 · EIN 11-2428395	Plan Administrator	$38,674
PROSKAUER ROSE LLP5+ years Filed as: PROSKAUER Service code 29 · EIN 13-1840454	Legal	$31,901
JACQUELIN SACHER4 years Service code 14 · EIN 11-2428395	Plan Administrator	$25,993
JANE MORRIS2 years Filed as: JANE COSTANTINO Service code 14 · EIN 11-2428395	Plan Administrator	$24,960
GOULD, KOBRICK & SCHLAPP, P.C.2 years Filed as: GOULD, KOBRICK AND SCHLAPP, P.C. Service code 10 · EIN 13-3082707	Accounting	$15,000
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$11,143
ERIC J. FERNANDEZ & CO.2 years Filed as: ERIC JONES Service code 14 · EIN 11-2428395	Plan Administrator	$1,961
PENSION BENEFIT INFORMATION4 years Service code 49 · EIN 94-2856521	Other Services	$1,219

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$855K

$323 / participant

Investment mgmt$4K0.4%
Contract admin$245K28.7%
Other / not subdivided$606K70.9%

% of EOY assets

0.983%

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: 133082707
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,956

$105,173-84.8%

$87,103-81.7%

$77,775-79.5%

Participation rate

99.9%

85.8%+14.1pp

76.9%+23.1pp

73.2%+26.7pp

Annual return

20.38%

24.52%-4.1pp

28.19%-7.8pp

32.58%-12.2pp

Employer contribution / active EE

$1,812

$2,890-37.3%

$2,521-28.1%

$2,504-27.6%

Participant deferral / active EE

$592

$5,048-88.3%

$4,049-85.4%

$3,966-85.1%

Admin fee / account holder

$157

$105+49.9%

$7,491-97.9%

$100+56.7%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC5+ years

Service code 15 · EIN 11-2836994

Recordkeeping

$177,256

USI CONSULTING GROUP1 year

Service code 15 · EIN 06-1053228

Recordkeeping

$58,342

KEVIN O'DONNELL5+ years

Service code 14 · EIN 11-2428395

Plan Administrator

$38,674

PROSKAUER ROSE LLP5+ years

Filed as: PROSKAUER

Service code 29 · EIN 13-1840454

Legal

$31,901

JACQUELIN SACHER4 years

Service code 14 · EIN 11-2428395

Plan Administrator

$25,993

JANE MORRIS2 years

Filed as: JANE COSTANTINO

Service code 14 · EIN 11-2428395

Plan Administrator

$24,960

GOULD, KOBRICK & SCHLAPP, P.C.2 years

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

Service code 10 · EIN 13-3082707

Accounting

$15,000

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$11,143

ERIC J. FERNANDEZ & CO.2 years

Filed as: ERIC JONES

Service code 14 · EIN 11-2428395

Plan Administrator

$1,961

PENSION BENEFIT INFORMATION4 years

Service code 49 · EIN 94-2856521

Other Services

$1,219

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