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 (2017) 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 2017

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

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

How to read this page

Total assets (EOY)

$47.9M

+13.9% from 2016

Total participants

3,775

+3.3% from 2016

Average account balance

$14,188

+4.8% from 2016

Annual return

14.71%

+8.25 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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 8 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 12 · EIN 13-3689044	Claims processing; Float revenue; Rec...	$195,420
AMALGAMATED3+ years Filed as: ALICARE INC. Service code 10 · EIN 13-3432221	Accounting	$35,696
MERCER3+ years Filed as: MERCER HR SERVICES, LLC Service code 15 · EIN 20-1932099	Recordkeeping	$28,300
BKD, LLP3+ years Service code 10 · EIN 44-0160260	Accounting	$23,992
SCHULTE ROTH & ZABEL LLP1 year Filed as: SCHULTE ROTH & ZABLE, LLP Service code 29 · EIN 13-2633996	Legal	$14,629
MERCER3+ years Filed as: MERCER TRUST CO Service code 63 INVESTORS WAY · NORWOOD, MA 02062	12b-1 Fees	$0
MID ATLANTIC CAPITAL CORPORATION1 year Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES1 year Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$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

4 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 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

$462K

$164 / participant

Investment mgmt$2K0.4%
Contract admin$195K42.3%
Other / not subdivided$265K57.3%

% of EOY assets

0.963%

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

$14,188

$89,274-84.1%

$149,721-90.5%

$77,958-81.8%

Participation rate

85.9%

87.6%-1.7pp

87.1%-1.1pp

71.6%+14.3pp

Annual return

14.71%

20.36%-5.7pp

1501.67%-1487.0pp

20.87%-6.2pp

Employer contribution / active EE

$704

$3,727-81.1%

$5,444-87.1%

$2,310-69.5%

Participant deferral / active EE

$833

$5,382-84.5%

$6,568-87.3%

$3,537-76.5%

Admin fee / account holder

$137

$240-43.0%

$11,282-98.8%

$97+40.4%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 12 · EIN 13-3689044

Claims processing; Float revenue; Rec...

$195,420

AMALGAMATED3+ years

Filed as: ALICARE INC.

Service code 10 · EIN 13-3432221

Accounting

$35,696

MERCER3+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15 · EIN 20-1932099

Recordkeeping

$28,300

BKD, LLP3+ years

Service code 10 · EIN 44-0160260

Accounting

$23,992

SCHULTE ROTH & ZABEL LLP1 year

Filed as: SCHULTE ROTH & ZABLE, LLP

Service code 29 · EIN 13-2633996

Legal

$14,629

MERCER3+ years

Filed as: MERCER TRUST CO

Service code 63

INVESTORS WAY · NORWOOD, MA 02062

12b-1 Fees

MID ATLANTIC CAPITAL CORPORATION1 year

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES1 year

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

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