Retirement plan

MIDWESTERN TEAMSTERS 401(K) RETIREMENT PLAN

Name: TEAMSTERS, AUTOMOTIVE, PETROLEUM AND ALLIED TRADES LOCAL NO. 50 - MIDWESTERN TEAMSTERS 401(K) RETIREMENT PLAN (2016) Form 5500
Creator: TEAMSTERS, AUTOMOTIVE, PETROLEUM AND ALLIED TRADES LOCAL NO. 50
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWESTERN TEAMSTERS 401(K) RETIREMENT PLAN, TEAMSTERS, AUTOMOTIVE, PETROLEUM AND ALLIED TRADES LOCAL NO. 50

TEAMSTERS, AUTOMOTIVE, PETROLEUM AND ALLIED TRADES LOCAL NO. 50EIN 20-4543936Plan #001PY 2016

1609 NORTH ILLINOIS ST. BOX 140 - BELLEVILLE, IL 62222618-233-0313LinkedIn51-200 employeescivic & social organization

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.1M

+11.3% from 2015

Total participants

126

-22.2% from 2015

Average account balance

$28,338

+12.4% from 2015

Annual return

6.63%

+7.43 pp from 2015

Benchmarks

See 1,686 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,686 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.20M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$558K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2E2G2J3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$228K

$1825 / participant

Other / not subdivided$228K100.0%

% of EOY assets

7.454%

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

$28,338

$43,423-34.7%

$78,676-64.0%

$55,167-48.6%

Participation rate

85.6%

68.0%+17.6pp

73.6%+12.0pp

69.0%+16.6pp

Annual return

6.63%

11.53%-4.9pp

62.19%-55.6pp

169.23%-162.6pp

Employer contribution / active EE

$775

$1,997-61.2%

$2,850-72.8%

$1,963-60.5%

Participant deferral / active EE

$2,086

$2,509-16.9%

$3,517-40.7%

$3,054-31.7%

Admin fee / account holder

$2,112

$416+407.6%

$4,510-53.2%

$504+319.2%

MIDWESTERN TEAMSTERS 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWESTERN TEAMSTERS 401(K) RETIREMENT 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