Retirement plan

UNITED WEIGHERS AND SUGAR SAMPLERS ASSOCIATION ILA LOCAL 3 UNION PROFIT SHARING PLAN

Name: ASSOCIATION OF INDEPENDENT AMERICAN WEIGHMASTERS, INC. - UNITED WEIGHERS AND SUGAR SAMPLERS ASSOCIATION ILA LOCAL 3 UNION PROFIT SHARING PLAN (2019) Form 5500
Creator: ASSOCIATION OF INDEPENDENT AMERICAN WEIGHMASTERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED WEIGHERS AND SUGAR SAMPLERS ASSOCIATION ILA LOCAL 3 UNION PROFIT SHARING PLAN, ASSOCIATION OF INDEPENDENT AMERICAN WEIGHMASTERS, INC.

ASSOCIATION OF INDEPENDENT AMERICAN WEIGHMASTERS, INC.EIN 13-1962196Plan #004PY 2019

5 HANOVER SQUARE, 23RD FLOOR - NEW YORK, NY 10004212-482-8600

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+10.4% from 2018

Total participants

0.0% from 2018

Average account balance

$205,928

+10.4% from 2018

Annual return

5.30%

+5.17 pp from 2018

Benchmarks

See 6,730 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort6,730 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.57M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11879

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$30K

$5000 / participant

Other / not subdivided$30K100.0%

% of EOY assets

2.081%

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

$205,928

$96,508+113.4%

$75,901+171.3%

$152,897+34.7%

Participation rate

100.0%

76.2%+23.8pp

69.3%+30.7pp

82.5%+17.5pp

Annual return

5.30%

33.99%-28.7pp

30.76%-25.5pp

345.43%-340.1pp

Employer contribution / active EE

$12,000

$3,310+262.5%

$2,501+379.8%

$4,764+151.9%

Participant deferral / active EE

$4,079

$4,554-10.4%

$3,603+13.2%

$5,851-30.3%

Admin fee / account holder

$4,286

$8,081-47.0%

$5,420-20.9%

$11,599-63.1%

UNITED WEIGHERS AND SUGAR SAMPLERS ASSOCIATION ILA LOCAL 3 UNION PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED WEIGHERS AND SUGAR SAMPLERS ASSOCIATION ILA LOCAL 3 UNION PROFIT SHARING 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