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 (2023) 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 2023

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)

$111.5M

+16.8% from 2022

Total participants

5,685

+4.7% from 2022

Average account balance

$19,647

+11.8% from 2022

Annual return

16.49%

+30.99 pp from 2022

Benchmarks

See 809 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort809 peers

Snapshot2023

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
USI CONSULTING GROUP5 years Service code 15 · EIN 06-1053228	Recordkeeping	$252,739
NOITU INSURANCE TRUST FUND3 years Service code 50 · EIN 11-1740492	Direct Payment	$230,798
NATIONAL ORG. OF INDUSTRIAL TRADE U3 years Service code 14 · EIN 11-1896570	Plan Administrator	$23,950
PROSKAUER ROSE LLP3 years Service code 29 · EIN 13-1840454	Legal	$17,819
GOULD, KOBRICK & SCHLAPP, P.C.6 years Filed as: GOULD, KOBRICK AND SCHLAPP, P.C. Service code 10 · EIN 13-3082707	Accounting	$15,000
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$13,453

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

$925K

$345 / participant

Investment mgmt$115K12.5%
Legal$19K2.1%
Contract admin$159K17.2%
Other / not subdivided$631K68.2%

% of EOY assets

0.830%

all-in expense ratio

Categories reported

3 / 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: $15,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,647

$104,544-81.2%

$96,544-79.6%

$80,169-75.5%

Participation rate

99.6%

86.4%+13.3pp

76.0%+23.6pp

72.9%+26.7pp

Annual return

16.49%

21.79%-5.3pp

25.88%-9.4pp

40.39%-23.9pp

Employer contribution / active EE

$1,891

$3,527-46.4%

$2,966-36.3%

$2,978-36.5%

Participant deferral / active EE

$749

$6,170-87.9%

$4,851-84.6%

$5,016-85.1%

Admin fee / account holder

$163

$107+52.6%

$8,254-98.0%

$145+12.4%

Provider

Service type

Compensation

USI CONSULTING GROUP5 years

Service code 15 · EIN 06-1053228

Recordkeeping

$252,739

NOITU INSURANCE TRUST FUND3 years

Service code 50 · EIN 11-1740492

Direct Payment

$230,798

NATIONAL ORG. OF INDUSTRIAL TRADE U3 years

Service code 14 · EIN 11-1896570

Plan Administrator

$23,950

PROSKAUER ROSE LLP3 years

Service code 29 · EIN 13-1840454

Legal

$17,819

GOULD, KOBRICK & SCHLAPP, P.C.6 years

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

Service code 10 · EIN 13-3082707

Accounting

$15,000

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$13,453

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