Retirement plan

MIDWESTERN TEAMSTERS 401(K) RETIREMENT PLAN

Name: TEAMSTERS, AUTOMOTIVE, PETROLEUM AND ALLIED TRADES LOCAL NO. 50 - MIDWESTERN TEAMSTERS 401(K) RETIREMENT PLAN (2017) 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 2017

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)

$3.8M

+24.6% from 2016

Total participants

116

-7.9% from 2016

Average account balance

$41,896

+47.8% from 2016

Annual return

20.49%

+13.86 pp from 2016

Benchmarks

See 1,704 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,704 peers

Snapshot2017

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

$222K

$2098 / participant

Other / not subdivided$222K100.0%

% of EOY assets

5.833%

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

$41,896

$50,637-17.3%

$86,581-51.6%

$62,293-32.7%

Participation rate

76.4%

67.9%+8.5pp

73.5%+2.9pp

69.5%+6.9pp

Annual return

20.49%

20.80%-0.3pp

965.06%-944.6pp

28.90%-8.4pp

Employer contribution / active EE

$2,354

$2,075+13.4%

$2,840-17.1%

$2,042+15.3%

Participant deferral / active EE

$923

$2,611-64.6%

$3,609-74.4%

$3,169-70.9%

Admin fee / account holder

$2,444

$413+491.3%

$4,904-50.2%

$479+409.8%

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