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 (2022) 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 U.A.W. LOCAL 2179 PENSION PLANEIN 13-3993300Plan #001PY 2022

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

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

How to read this page

Total assets (EOY)

$4M

-12.0% from 2021

Total participants

669

+2.5% from 2021

Average account balance

$7,768

-8.7% from 2021

Annual return

-11.88%

-21.71 pp from 2021

Benchmarks

See 1,529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,529 peers

Snapshot2022

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$31,599
UAW LOCAL 21798+ years Service code 15 · EIN 13-3693452 629 FIFTH AVENUE SUITE 228 · PELHAM, NY 10803	Recordkeeping	$14,653
GOULD, KOBRICK & SCHLAPP, P.C.8+ years Service code 10 · EIN 13-3082707 192 LEXINGTON AVENUE 7TH FL · NEW YORK, NY 10016	Accounting	$14,500
EISNER & DICTOR4 years Service code 29 39 BROADWAY 1540 · NEW YORK, NY 10006	Legal	$7,475
MARSHALL & MOSS PAYROLL COMPLIANCE1 year Filed as: MARSHALL & MOSS ADMIN SERVICES, INC Service code 13 · EIN 81-2845805 1400 OLD COUNTRY RD 406 · WESTBURY, NY 11590	Contract Administrator	$6,625
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ASSOCIATES INCORPORATED 95 Service code 27	Advisory (Plan)	$0

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 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

$80K

$184 / participant

Investment mgmt$4020.5%
Contract admin$32K39.4%
Other / not subdivided$48K60.1%

% of EOY assets

2.014%

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

$7,768

$86,897-91.1%

$151,639-94.9%

$64,819-88.0%

Participation rate

64.1%

87.3%-23.1pp

87.5%-23.4pp

71.5%-7.3pp

Annual return

-11.88%

-3.57%-8.3pp

3.34%-15.2pp

32.84%-44.7pp

Employer contribution / active EE

$302

$4,010-92.5%

$6,165-95.1%

$2,507-88.0%

Participant deferral / active EE

$270

$6,690-96.0%

$8,363-96.8%

$4,311-93.7%

Admin fee / account holder

$156

$153+2.3%

$11,613-98.7%

$188-16.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$31,599

UAW LOCAL 21798+ years

Service code 15 · EIN 13-3693452

629 FIFTH AVENUE SUITE 228 · PELHAM, NY 10803

Recordkeeping

$14,653

GOULD, KOBRICK & SCHLAPP, P.C.8+ years

Service code 10 · EIN 13-3082707

192 LEXINGTON AVENUE 7TH FL · NEW YORK, NY 10016

Accounting

$14,500

EISNER & DICTOR4 years

Service code 29

39 BROADWAY 1540 · NEW YORK, NY 10006

Legal

$7,475

MARSHALL & MOSS PAYROLL COMPLIANCE1 year

Filed as: MARSHALL & MOSS ADMIN SERVICES, INC

Service code 13 · EIN 81-2845805

1400 OLD COUNTRY RD 406 · WESTBURY, NY 11590

Contract Administrator

$6,625

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ASSOCIATES INCORPORATED 95

Service code 27

Advisory (Plan)

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