Retirement plan

UCTIE INTERNATIONAL UNION 401(K) SAVINGS PLAN

Name: UCTIE INTERNATIONAL UNION - UCTIE INTERNATIONAL UNION 401(K) SAVINGS PLAN (2020) Form 5500
Creator: UCTIE INTERNATIONAL UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UCTIE INTERNATIONAL UNION 401(K) SAVINGS PLAN, UCTIE INTERNATIONAL UNION

UCTIE INTERNATIONAL UNIONEIN 20-0485151Plan #001PY 2020

4026 235TH ST - DOUGLASTON, NY 113631508718-326-4052

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.9M

+24.1% from 2019

Total participants

1,069

-1.4% from 2019

Average account balance

$15,657

+12.0% from 2019

Annual return

13.86%

-4.99 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.68M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

1,022

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$430

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 4 by compensation

Provider	Service type	Compensation
UCTIE 401K SAVINGS PLAN5 years Service code 13 · EIN 13-3647412	Contract Administrator	$84,162
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$66,548
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 49 · EIN 54-0910269	Other Services	$41,338
WILSHIRE ASSOCIATES INCORPORATED6+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2G2J2T3B3C

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$150K

$157 / participant

Contract admin$67K44.2%
Other / not subdivided$84K55.8%

% of EOY assets

0.946%

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: CASTIGLIA LLP
Auditor EIN: 462725636
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,657

$52,722-70.3%

$90,461-82.7%

$73,412-78.7%

Participation rate

94.5%

67.7%+26.7pp

72.7%+21.8pp

72.2%+22.3pp

Annual return

13.86%

20.70%-6.8pp

1294.76%-1280.9pp

59.30%-45.4pp

Employer contribution / active EE

$2,512

$1,872+34.2%

$3,264-23.0%

$2,234+12.5%

Participant deferral / active EE

$345

$2,810-87.7%

$3,964-91.3%

$3,806-90.9%

Admin fee / account holder

$148

$117+26.7%

$5,617-97.4%

$158-6.2%

Provider

Service type

Compensation

UCTIE 401K SAVINGS PLAN5 years

Service code 13 · EIN 13-3647412

Contract Administrator

$84,162

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$66,548

WELLS FARGO BANK, N.A.6+ years

Filed as: WELLS FARGO ADVISORS INS AGENCY LLC

Service code 49 · EIN 54-0910269

Other Services

$41,338

WILSHIRE ASSOCIATES INCORPORATED6+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

UCTIE INTERNATIONAL UNION 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UCTIE INTERNATIONAL UNION 401(K) SAVINGS 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