Retirement plan

BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN SVGS401 FOR EMPLOYEES OF NORFOLK SOUTHERN CARRIERS

Name: GENERAL COMMITTEES OF ADJUSTMENT - BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN SVGS401 FOR EMPLOYEES OF NORFOLK SOUTHERN CARRIERS (2016) Form 5500
Creator: GENERAL COMMITTEES OF ADJUSTMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN SVGS401 FOR EMPLOYEES OF NORFOLK SOUTHERN CARRIERS, GENERAL COMMITTEES OF ADJUSTMENT

GENERAL COMMITTEES OF ADJUSTMENTdba THE BLE AND TRAINMENEIN 16-6008869Plan #001PY 2016

2282 HAPPY VALLEY RD - EAST SPRINGFIELD, PA 164119774814-909-0405

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$302.3M

-13.8% from 2016

Total participants

4,829

-5.8% from 2016

Average account balance

$67,022

-11.0% from 2016

Annual return

13.44%

-17.52 pp from 2016

Benchmarks

See 243 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort243 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$577.10M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

3,802

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.

95.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH PIERCE FENNER, SMITH Service code 15	Recordkeeping	$323,026
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH, PIERCE, FENNER, SMIT Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Recordkeeping	$295,194
BOND, SCHOENECK & KING, PLLC1 year Service code 29 · EIN 27-0015651 ADVANT BUILDING · BUFFALO, NY 14202	Legal	$58,555
COLEMAN & CO., P.C.1 year Service code 10 · EIN 23-2907194 2415 WEST GRANDVIEW BLVD · ERIE, PA 16506	Accounting	$17,000
HODGSONRUSS1 year Service code 17 · EIN 16-0708550 THE GUARANTY BUILDING · BUFFALO, NY 14202	Pension Consulting	$5,625
THE TRAVELERS INDEMNITY COMPANY1 year Filed as: TRAVELERS CL REMITTANCE CENTER Service code 22 P.O. BOX 660317 · DALLAS, TX 75266	Insurance Broker	$1,003

Plan features & details

Pension benefit codes2F2G2J2K2S2T

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$357K

$81 / participant

Other / not subdivided$357K100.0%

% of EOY assets

0.118%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COLEMAN & CO., P.C.
Auditor EIN: 232907194
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,022

$168,231-60.2%

$67,836-1.2%

$63,975+4.8%

Participation rate

92.8%

66.8%+26.0pp

68.8%+24.0pp

71.1%+21.6pp

Annual return

13.44%

11.76%+1.7pp

138.49%-125.0pp

48.65%-35.2pp

Employer contribution / active EE

$1,223

$1,907-35.9%

$2,404-49.1%

$2,182-44.0%

Participant deferral / active EE

$4,735

$2,827+67.5%

$3,160+49.8%

$3,356+41.1%

Admin fee / account holder

$79

$81-1.8%

$4,621-98.3%

$70+12.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH PIERCE FENNER, SMITH

Service code 15

Recordkeeping

$323,026

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH, PIERCE, FENNER, SMIT

Service code 15 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Recordkeeping

$295,194

BOND, SCHOENECK & KING, PLLC1 year

Service code 29 · EIN 27-0015651

ADVANT BUILDING · BUFFALO, NY 14202

Legal

$58,555

COLEMAN & CO., P.C.1 year

Service code 10 · EIN 23-2907194

2415 WEST GRANDVIEW BLVD · ERIE, PA 16506

Accounting

$17,000

HODGSONRUSS1 year

Service code 17 · EIN 16-0708550

THE GUARANTY BUILDING · BUFFALO, NY 14202

Pension Consulting

$5,625

THE TRAVELERS INDEMNITY COMPANY1 year

Filed as: TRAVELERS CL REMITTANCE CENTER

Service code 22

P.O. BOX 660317 · DALLAS, TX 75266

Insurance Broker

$1,003

BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN SVGS401 FOR EMPLOYEES OF NORFOLK SOUTHERN CARRIERS

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROTHERHOOD OF LOCOMOTIVE ENGINEERS AND TRAINMEN SVGS401 FOR EMPLOYEES OF NORFOLK SOUTHERN CARRIERS

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