Retirement plan

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN

Name: ROCHESTER DAIRY/TEAMSTERS LOCAL 118 - ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN (2018) Form 5500
Creator: ROCHESTER DAIRY/TEAMSTERS LOCAL 118
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN, ROCHESTER DAIRY/TEAMSTERS LOCAL 118

ROCHESTER DAIRY/TEAMSTERS LOCAL 118EIN 16-6019488Plan #002PY 2018

130 METRO PARK - ROCHESTER, NY 14623585-256-1350

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.2M

+14.5% from 2017

Total participants

204

+10.3% from 2017

Average account balance

$88,932

+8.6% from 2017

Annual return

10.60%

-0.59 pp from 2017

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.50M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

279

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.

79.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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 10 of 14 by compensation

Provider	Service type	Compensation
WESTMINSTER CONSULTING, LLC1 year Service code 50 · EIN 45-3679779 11 CENTRE PARK SUITE 303 · ROCHESTER, NY 14614	Direct Payment	$18,750
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$17,800
HARTER SECREST & EMERY LLP3+ years Service code 29 · EIN 16-0766172 1600 BAUSCH AND LOMB PL · ROCHESTER, NY 14604	Legal	$16,551
SEAN HUCKO, CPA, LLC2 years Service code 10 · EIN 47-4215313 1851 STONE ROAD SUITE 102 · ROCHESTER, NY 14615	Accounting	$15,000
MMA SECURITIES LLC3+ years Filed as: MARSH USA INC Service code 50 · EIN 36-1436000	Direct Payment	$8,094
LIFETIME BENEFIT SOLUTIONS1 year Service code 50 · EIN 16-1171765 333 BUTTERNUT DRIVE · SYRACUSE, NY 13214	Direct Payment	$5,438
BARON1 year Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: CARILLON FUNDS Service code 52 · EIN 59-2385219	Indirect Investment Fees	$0
HARBOR1 year Service code 52 · EIN 34-1953393	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Service code 52 · EIN 95-4625304	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2T

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$82K

$418 / participant

Investment mgmt$42K51.5%
Other / not subdivided$40K48.5%

% of EOY assets

0.475%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SEAN HUCKO, CPA, LLC
Auditor EIN: 474215313
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,932

$43,504+104.4%

$68,612+29.6%

$56,289+58.0%

Participation rate

94.4%

67.8%+26.5pp

72.2%+22.1pp

69.9%+24.5pp

Annual return

10.60%

-3.15%+13.7pp

-4.63%+15.2pp

-9.96%+20.6pp

Employer contribution / active EE

$1,806

$1,525+18.4%

$2,625-31.2%

$2,111-14.4%

Participant deferral / active EE

$2,400

$2,509-4.3%

$3,311-27.5%

$3,350-28.3%

Admin fee / account holder

$422

$515-18.0%

$5,131-91.8%

$521-18.9%

Provider

Service type

Compensation

WESTMINSTER CONSULTING, LLC1 year

Service code 50 · EIN 45-3679779

11 CENTRE PARK SUITE 303 · ROCHESTER, NY 14614

Direct Payment

$18,750

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$17,800

HARTER SECREST & EMERY LLP3+ years

Service code 29 · EIN 16-0766172

1600 BAUSCH AND LOMB PL · ROCHESTER, NY 14604

Legal

$16,551

SEAN HUCKO, CPA, LLC2 years

Service code 10 · EIN 47-4215313

1851 STONE ROAD SUITE 102 · ROCHESTER, NY 14615

Accounting

$15,000

MMA SECURITIES LLC3+ years

Filed as: MARSH USA INC

Service code 50 · EIN 36-1436000

Direct Payment

$8,094

LIFETIME BENEFIT SOLUTIONS1 year

Service code 50 · EIN 16-1171765

333 BUTTERNUT DRIVE · SYRACUSE, NY 13214

Direct Payment

$5,438

BARON1 year

Service code 52 · EIN 13-6891420

Indirect Investment Fees

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: CARILLON FUNDS

Service code 52 · EIN 59-2385219

Indirect Investment Fees

HARBOR1 year

Service code 52 · EIN 34-1953393

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Service code 52 · EIN 95-4625304

Indirect Investment Fees

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT 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