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 (2022) 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 2022

2282 HAPPY VALLEY RD - EAST SPRINGFIELD, PA 164419774814-909-0405

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$463.9M

-13.8% from 2016

Total participants

4,128

-5.8% from 2016

Average account balance

$117,634

-11.0% from 2016

Annual return

-15.01%

-17.52 pp from 2016

Benchmarks

See 254 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort254 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Recordkeeping	$667,802
TED MARTY & ASSOCIATES4 years Service code 23 1248 SPRINGFIELD PIKE · CINCINNATI, OH 45215	Insurance services	$54,492
BOND, SCHOENECK & KING, PLLC7 years Service code 29 · EIN 27-0015651 P.O. BOX 11607 · SYRACUSE, NY 13218	Legal	$43,900
COLEMAN & CO., P.C.7 years Service code 10 · EIN 23-2907194 2415 WEST GRANDVIEW BLVD · ERIE, PA 16506	Accounting	$17,500

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

$687K

$197 / participant

Other / not subdivided$687K100.0%

% of EOY assets

0.148%

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

$117,634

$63,321+85.8%

$68,815+70.9%

$77,906+51.0%

Participation rate

94.7%

71.1%+23.6pp

69.0%+25.7pp

73.7%+21.0pp

Annual return

-15.01%

-6.50%-8.5pp

-6.37%-8.6pp

12.16%-27.2pp

Employer contribution / active EE

$1,809

$2,794-35.2%

$2,656-31.9%

$2,846-36.4%

Participant deferral / active EE

$7,103

$4,029+76.3%

$3,943+80.2%

$4,805+47.8%

Admin fee / account holder

$174

$104+66.9%

$4,936-96.5%

$133+31.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Recordkeeping

$667,802

TED MARTY & ASSOCIATES4 years

Service code 23

1248 SPRINGFIELD PIKE · CINCINNATI, OH 45215

Insurance services

$54,492

BOND, SCHOENECK & KING, PLLC7 years

Service code 29 · EIN 27-0015651

P.O. BOX 11607 · SYRACUSE, NY 13218

Legal

$43,900

COLEMAN & CO., P.C.7 years

Service code 10 · EIN 23-2907194

2415 WEST GRANDVIEW BLVD · ERIE, PA 16506

Accounting

$17,500

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