Retirement plan

SECURITY BENEFIT FUND AND UNIFORMED FIREFIGHTERS ASSOCIATION 401K SAVINGS PLAN

Name: THE BOARD OF TRUSTEES OF THE UNIFORMED FIREFIGHTERS ASSOCIATION - SECURITY BENEFIT FUND AND UNIFORMED FIREFIGHTERS ASSOCIATION 401K SAVINGS PLAN (2020) Form 5500
Creator: THE BOARD OF TRUSTEES OF THE UNIFORMED FIREFIGHTERS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECURITY BENEFIT FUND AND UNIFORMED FIREFIGHTERS ASSOCIATION 401K SAVINGS PLAN, THE BOARD OF TRUSTEES OF THE UNIFORMED FIREFIGHTERS ASSOCIATION

THE BOARD OF TRUSTEES OF THE UNIFORMED FIREFIGHTERS ASSOCIATIONEIN 13-5456100Plan #002PY 2020

204 EAST 23RD STREET, 5TH FLOOR - NEW YORK, NY 10010212-683-4723

Prospect flagsHigh feesLow fidelity bond

Top hat statement on fileNQDC

Filed June 27, 2023

Plan administrator

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204 East 23rd Street

New York, NY 10010

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Plans declared (1)

UFA Section 457(b) Plan for Sheila Pettit1 emp

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Total assets (EOY)

$8.6M

+31.5% from 2019

Total participants

+12.5% from 2019

Average account balance

$239,650

+16.9% from 2019

Annual return

27.57%

+2.51 pp from 2019

Benchmarks

See 36,192 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort36,192 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.79M

Not enough data

1 years with asset history on file

Average account balance

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

$338K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$195K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78216

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

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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 codes2F2J2E2T3D

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).
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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$27K

$1154 / participant

Other / not subdivided$27K100.0%

% of EOY assets

0.308%

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

$239,650

$100,938+137.4%

$90,461+164.9%

$158,982+50.7%

Participation rate

100.0%

75.0%+25.0pp

72.7%+27.3pp

82.0%+18.0pp

Annual return

27.57%

1727.20%-1699.6pp

1294.76%-1267.2pp

302.99%-275.4pp

Employer contribution / active EE

$1,614

$3,691-56.3%

$3,264-50.5%

$4,763-66.1%

Participant deferral / active EE

$10,712

$4,350+146.3%

$3,964+170.2%

$5,983+79.0%

Admin fee / account holder

$737

$6,510-88.7%

$5,617-86.9%

$11,252-93.4%

SECURITY BENEFIT FUND AND UNIFORMED FIREFIGHTERS ASSOCIATION 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECURITY BENEFIT FUND AND UNIFORMED FIREFIGHTERS ASSOCIATION 401K SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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