Retirement plan

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

Name: TRUSTEES OF THE IUE-CWA AFL-CIO PENSION FUND - IUE-CWA 401(K) RETIREMENT SAVINGS AND SECURITY PLAN (2023) Form 5500
Creator: TRUSTEES OF THE IUE-CWA AFL-CIO PENSION FUND
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 AFL-CIO PENSION FUND

TRUSTEES OF THE IUE-CWA AFL-CIO PENSION FUNDEIN 22-3345052Plan #003PY 2023

2 GATEWAY CENTER, 603 STANWIX ST, STE 1500 - PITTSBURGH, PA 152221024412-471-2885

Prospect flagsLow returnsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$77.1M

+14.5% from 2022

Total participants

4,166

+3.9% from 2022

Average account balance

$18,524

+10.4% from 2022

Annual return

15.83%

+29.89 pp from 2022

Benchmarks

See 175 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants1,000-4,999

Cohort175 peers

Snapshot2023

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 9 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS7 years Service code 12 · EIN 13-3689044	Direct payment from the plan; Claims ...	$211,653
ZENITH AMERICAN SOLUTIONS1 year Service code 13 · EIN 52-1590516	Contract Administrator	$168,000
AMALGAMATED4 years Filed as: AMALGAMATED EMPLOYEE BEN PLAN ADMIN Service code 10 · EIN 13-3432221	Accounting	$74,531
SCHULTE ROTH & ZABEL LLP7 years Filed as: SCHULTE ROTH & ZABLE, LLP Service code 29 · EIN 13-2633996	Legal	$43,451
NOVAK FRANCELLA LLC2 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$28,000
COHEN & STEERS1 year Filed as: COHEN WEISS & SIMONS LLP Service code 29 · EIN 13-1592323	Legal	$10,665
THE SEGAL COMPANY2 years Filed as: SEGAL MARCO ADVISORS Service code 28 · EIN 13-2626110	Investment Management	$10,000
MID ATLANTIC CAPITAL CORPORATION3 years Filed as: MID-ATLANTIC CAPITAL CORPORATION Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES7 years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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 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.

Expense breakdown

Schedule H Part II

Admin total

$610K

$230 / participant

Recordkeeping$286K46.9%
Investment mgmt$10K1.6%
Legal$54K8.9%
Contract admin$168K27.6%
Other / not subdivided$91K15.0%

% of EOY assets

0.791%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $28,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,524

$103,918-82.2%

$94,672-80.4%

$80,169-76.9%

Participation rate

99.8%

85.8%+13.9pp

80.8%+18.9pp

72.9%+26.8pp

Annual return

15.83%

27.77%-11.9pp

156.89%-141.1pp

40.39%-24.6pp

Employer contribution / active EE

$843

$3,539-76.2%

$3,673-77.1%

$2,978-71.7%

Participant deferral / active EE

$1,166

$9,528-87.8%

$7,417-84.3%

$5,016-76.8%

Admin fee / account holder

$147

$96+52.0%

$7,222-98.0%

$145+1.1%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS7 years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Claims ...

$211,653

ZENITH AMERICAN SOLUTIONS1 year

Service code 13 · EIN 52-1590516

Contract Administrator

$168,000

AMALGAMATED4 years

Filed as: AMALGAMATED EMPLOYEE BEN PLAN ADMIN

Service code 10 · EIN 13-3432221

Accounting

$74,531

SCHULTE ROTH & ZABEL LLP7 years

Filed as: SCHULTE ROTH & ZABLE, LLP

Service code 29 · EIN 13-2633996

Legal

$43,451

NOVAK FRANCELLA LLC2 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$28,000

COHEN & STEERS1 year

Filed as: COHEN WEISS & SIMONS LLP

Service code 29 · EIN 13-1592323

Legal

$10,665

THE SEGAL COMPANY2 years

Filed as: SEGAL MARCO ADVISORS

Service code 28 · EIN 13-2626110

Investment Management

$10,000

MID ATLANTIC CAPITAL CORPORATION3 years

Filed as: MID-ATLANTIC CAPITAL CORPORATION

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES7 years

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