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 (2021) 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 2021

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

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$111M

+14.7% from 2020

Total participants

5,283

-0.2% from 2020

Average account balance

$21,006

+14.8% from 2020

Annual return

15.67%

+3.02 pp from 2020

Benchmarks

See 773 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort773 peers

Snapshot2021

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 6 by compensation

Provider	Service type	Compensation
NOITU INSURANCE TRUST FUND1 year Service code 50 · EIN 11-1740492	Direct Payment	$479,946
USI CONSULTING GROUP3 years Service code 15 · EIN 06-1053228	Recordkeeping	$260,025
NATIONAL ORG. OF INDUSTRIAL TRADE U1 year Service code 14 · EIN 11-1896570	Plan Administrator	$50,512
PROSKAUER ROSE LLP1 year Service code 29 · EIN 13-1840454	Legal	$15,023
GOULD, KOBRICK & SCHLAPP, P.C.4 years Filed as: GOULD, KOBRICK AND SCHLAPP, P.C. Service code 10 · EIN 13-3082707	Accounting	$13,000
CHARLES SCHWAB & CO., INC.7+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$12,556

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

$866K

$361 / participant

Investment mgmt$116K13.4%
Contract admin$155K17.9%
Other / not subdivided$595K68.8%

% of EOY assets

0.780%

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

$21,006

$144,879-85.5%

$111,308-81.1%

$93,010-77.4%

Participation rate

100.0%

86.1%+13.9pp

77.3%+22.7pp

73.9%+26.1pp

Annual return

15.67%

18.11%-2.4pp

54.67%-39.0pp

158.70%-143.0pp

Employer contribution / active EE

$1,802

$3,052-41.0%

$2,732-34.0%

$2,705-33.4%

Participant deferral / active EE

$664

$5,576-88.1%

$4,487-85.2%

$4,561-85.4%

Admin fee / account holder

$164

$104+58.3%

$7,965-97.9%

$152+8.0%

Provider

Service type

Compensation

NOITU INSURANCE TRUST FUND1 year

Service code 50 · EIN 11-1740492

Direct Payment

$479,946

USI CONSULTING GROUP3 years

Service code 15 · EIN 06-1053228

Recordkeeping

$260,025

NATIONAL ORG. OF INDUSTRIAL TRADE U1 year

Service code 14 · EIN 11-1896570

Plan Administrator

$50,512

PROSKAUER ROSE LLP1 year

Service code 29 · EIN 13-1840454

Legal

$15,023

GOULD, KOBRICK & SCHLAPP, P.C.4 years

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

Service code 10 · EIN 13-3082707

Accounting

$13,000

CHARLES SCHWAB & CO., INC.7+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$12,556

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