Retirement plan

U.A.W. LOCAL 2179 PENSION PLAN

Name: BOARD OF TRUSTEES U.A.W. LOCAL 2179 - U.A.W. LOCAL 2179 PENSION PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES U.A.W. LOCAL 2179
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A.W. LOCAL 2179 PENSION PLAN, BOARD OF TRUSTEES U.A.W. LOCAL 2179

BOARD OF TRUSTEES U.A.W. LOCAL 2179dba PENSION PLANEIN 13-3993300Plan #001PY 2017

629 FIFTH AVENUE, SUITE 228 - PELHAM, NY 10803212-674-2108

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.9M

+5.2% from 2016

Total participants

708

-2.1% from 2016

Average account balance

$5,551

+7.6% from 2016

Annual return

7.31%

+4.46 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.47M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

494

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.

60.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$235K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$503

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

+9.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO Service code 15 · EIN 94-1347393 12 EAST 49TH STREET 26TH FL · NEW YORK, NY 10017	Recordkeeping	$50,833
UAW LOCAL 21793+ years Service code 15 · EIN 13-3693452 629 FIFTH AVENUE SUITE 228 · PELHAM, NY 10803	Recordkeeping	$15,335
GOULD, KOBRICK & SCHLAPP, P.C.3+ years Service code 10 · EIN 13-3082707 3 PARK AVENUE 14TH FL · NEW YORK, NY 10016	Accounting	$12,500
CLEARY, JOSEM & TRIGIANI LLP3+ years Filed as: CLEARY & JOSEM Service code 29 · EIN 23-2657967 ONE LIBERTY PLACE 51ST FLOOR · PHILADELPHIA, PA 19103	Legal	$10,959
KOBGO ASSOCIATES2 years Filed as: KOBGO ASSOCIATES INC Service code 10 · EIN 13-2751089	Accounting	$196

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$95K

$182 / participant

Investment mgmt$34K35.4%
Contract admin$17K18.1%
Other / not subdivided$44K46.5%

% of EOY assets

2.433%

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

$5,551

$81,537-93.2%

$149,721-96.3%

$69,631-92.0%

Participation rate

99.0%

86.1%+12.9pp

87.1%+12.0pp

70.7%+28.4pp

Annual return

7.31%

22.79%-15.5pp

1501.67%-1494.4pp

27571.02%-27563.7pp

Employer contribution / active EE

$325

$3,239-90.0%

$5,444-94.0%

$2,032-84.0%

Participant deferral / active EE

$186

$4,994-96.3%

$6,568-97.2%

$3,224-94.2%

Admin fee / account holder

$135

$107+26.4%

$11,282-98.8%

$110+22.3%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO

Service code 15 · EIN 94-1347393

12 EAST 49TH STREET 26TH FL · NEW YORK, NY 10017

Recordkeeping

$50,833

UAW LOCAL 21793+ years

Service code 15 · EIN 13-3693452

629 FIFTH AVENUE SUITE 228 · PELHAM, NY 10803

Recordkeeping

$15,335

GOULD, KOBRICK & SCHLAPP, P.C.3+ years

Service code 10 · EIN 13-3082707

3 PARK AVENUE 14TH FL · NEW YORK, NY 10016

Accounting

$12,500

CLEARY, JOSEM & TRIGIANI LLP3+ years

Filed as: CLEARY & JOSEM

Service code 29 · EIN 23-2657967

ONE LIBERTY PLACE 51ST FLOOR · PHILADELPHIA, PA 19103

Legal

$10,959

KOBGO ASSOCIATES2 years

Filed as: KOBGO ASSOCIATES INC

Service code 10 · EIN 13-2751089

Accounting

$196

U.A.W. LOCAL 2179 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A.W. LOCAL 2179 PENSION 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