Retirement plan

LINDEN RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Name: EDISON DISTRIBUTION COMPANY, INC. - LINDEN RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES (2016) Form 5500
Creator: EDISON DISTRIBUTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINDEN RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES, EDISON DISTRIBUTION COMPANY, INC.

EDISON DISTRIBUTION COMPANY, INC.EIN 22-2152901Plan #005PY 2016

1300 LOWER ROAD - LINDEN, NJ 07036908-862-1400LinkedIn11-50 employeespackage/freight delivery

Other plans on this EIN

1 filing

#001Retirement-$2.3M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$667K

-0.8% from 2015

Total participants

-9.1% from 2015

Average account balance

$24,713

+2.8% from 2015

Annual return

6.19%

+6.08 pp from 2015

Benchmarks

See 458 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort458 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.05M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

138.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2185

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

0 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 codes2E2J2F2G3B3D3H2T

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

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

$89K

$3284 / participant

Other / not subdivided$89K100.0%

% of EOY assets

13.290%

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

$24,713

$48,300-48.8%

$40,145,923-99.9%

$62,881-60.7%

Participation rate

88.9%

62.0%+26.8pp

68.4%+20.5pp

69.3%+19.6pp

Annual return

6.19%

6.95%-0.8pp

5.24%+1.0pp

20.14%-14.0pp

Employer contribution / active EE

$963

$1,333-27.8%

$1,844-47.8%

$2,281-57.8%

Participant deferral / active EE

$474

$2,388-80.1%

$2,591-81.7%

$3,203-85.2%

Admin fee / account holder

$3,284

$2,919+12.5%

$2,903+13.1%

$4,296-23.5%

LINDEN RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINDEN RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

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