Retirement plan

COLLINS BROTHERS MOVING CORP. PENSION PLAN FOR UNION EMPLOYEES

Name: COLLINS BROTHERS COMMERCIAL MOVING CORP. - COLLINS BROTHERS MOVING CORP. PENSION PLAN FOR UNION EMPLOYEES (2021) Form 5500
Creator: COLLINS BROTHERS COMMERCIAL MOVING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLLINS BROTHERS MOVING CORP. PENSION PLAN FOR UNION EMPLOYEES, COLLINS BROTHERS COMMERCIAL MOVING CORP.

COLLINS BROTHERS COMMERCIAL MOVING CORP.EIN 13-3705652Plan #001PY 2021

620 FIFTH AVENUE - LARCHMONT, NY 105381995914-834-0048

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3M

+10.8% from 2020

Total participants

0.0% from 2020

Average account balance

$272,744

+10.8% from 2020

Annual return

7.33%

-1.54 pp from 2020

Benchmarks

See 1,285 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort1,285 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.00M

Not enough data

1 years with asset history on file

Average account balance

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

$333K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+4.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2497

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 codes2C2G3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$16K

$3286 / participant

Other / not subdivided$16K100.0%

% of EOY assets

0.548%

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

$272,744

$136,433+99.9%

$98,864+175.9%

$167,553+62.8%

Participation rate

100.0%

70.3%+29.7pp

65.7%+34.3pp

82.1%+17.9pp

Annual return

7.33%

67.76%-60.4pp

50.03%-42.7pp

478.89%-471.6pp

Employer contribution / active EE

$18,707

$2,636+609.6%

$2,070+803.9%

$4,840+286.5%

Participant deferral / active EE

$3,721-100.0%

$3,037-100.0%

$6,343-100.0%

Admin fee / account holder

$1,494

$5,039-70.4%

$4,080-63.4%

$12,316-87.9%

COLLINS BROTHERS MOVING CORP. PENSION PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLLINS BROTHERS MOVING CORP. PENSION PLAN FOR UNION EMPLOYEES

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