Retirement plan

IUE-CWA 401(K) RETIREMENT SAVINGS AND SECURITY PLAN

Name: TRUSTEES OF THE IUE-CWA 401 K RETIREMENT SVGS AND SECURITY PLAN - IUE-CWA 401(K) RETIREMENT SAVINGS AND SECURITY PLAN (2016) Form 5500
Creator: TRUSTEES OF THE IUE-CWA 401 K RETIREMENT SVGS AND SECURITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IUE-CWA 401(K) RETIREMENT SAVINGS AND SECURITY PLAN, TRUSTEES OF THE IUE-CWA 401 K RETIREMENT SVGS AND SECURITY PLAN

TRUSTEES OF THE IUE-CWA 401 K RETIREMENT SVGS AND SECURITY PLANEIN 22-3345052Plan #003PY 2016

2001 EAST THIRD STREET - BLOOMINGTON, IN 47401812-671-0690

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$42.1M

+7.6% from 2015

Total participants

3,656

-4.5% from 2015

Average account balance

$13,534

+3.7% from 2015

Annual return

6.46%

+6.26 pp from 2015

Benchmarks

See 529 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort529 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$82.88M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

4,273

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 6 by compensation

Provider	Service type	Compensation
MERCER2+ years Filed as: MERCER HR SERVICES, LLC Service code 10 · EIN 20-1932099	Accounting	$331,162
AMALGAMATED2+ years Filed as: ALICARE INC. Service code 10 919 3RD AVENUE · NEW YORK, NY 10022	Accounting	$49,182
IUE-CWA PENSION FUND2+ years Service code 13 · EIN 22-6250252	Contract Administrator	$41,975
BKD, LLP2+ years Service code 10 · EIN 44-0160260	Accounting	$23,486
MERCER1 year Filed as: MERCER TRUST CO. Service code 63	12b-1 Fees	$4,450
MERCER2+ years Filed as: MERCER TRUST CO Service code 63 INVESTORS WAY · NORWOOD, MA 02062	12b-1 Fees	$0

Plan features & details

Pension benefit codes2F2G2J2K2T

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$298K

$106 / participant

Investment mgmt$2K0.7%
Contract admin$155K52.1%
Other / not subdivided$141K47.2%

% of EOY assets

0.707%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,534

$80,354-83.2%

$133,975-89.9%

$63,975-78.8%

Participation rate

80.4%

87.5%-7.1pp

87.1%-6.6pp

71.1%+9.3pp

Annual return

6.46%

13.11%-6.6pp

29.29%-22.8pp

48.65%-42.2pp

Employer contribution / active EE

$646

$3,503-81.6%

$5,211-87.6%

$2,182-70.4%

Participant deferral / active EE

$748

$5,239-85.7%

$6,282-88.1%

$3,356-77.7%

Admin fee / account holder

$96

$69+38.1%

$9,324-99.0%

$70+35.9%

Provider

Service type

Compensation

MERCER2+ years

Filed as: MERCER HR SERVICES, LLC

Service code 10 · EIN 20-1932099

Accounting

$331,162

AMALGAMATED2+ years

Filed as: ALICARE INC.

Service code 10

919 3RD AVENUE · NEW YORK, NY 10022

Accounting

$49,182

IUE-CWA PENSION FUND2+ years

Service code 13 · EIN 22-6250252

Contract Administrator

$41,975

BKD, LLP2+ years

Service code 10 · EIN 44-0160260

Accounting

$23,486

MERCER1 year

Filed as: MERCER TRUST CO.

Service code 63

12b-1 Fees

$4,450

MERCER2+ years

Filed as: MERCER TRUST CO

Service code 63

INVESTORS WAY · NORWOOD, MA 02062

12b-1 Fees

IUE-CWA 401(K) RETIREMENT SAVINGS AND SECURITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IUE-CWA 401(K) RETIREMENT SAVINGS AND SECURITY 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