Retirement plan

UNITE HERE LOCAL 26 401(K) PLAN

Name: TRUSTEES OF THE UNITE HERE LOCAL 26 401(K) PLAN - UNITE HERE LOCAL 26 401(K) PLAN (2018) Form 5500
Creator: TRUSTEES OF THE UNITE HERE LOCAL 26 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITE HERE LOCAL 26 401(K) PLAN, TRUSTEES OF THE UNITE HERE LOCAL 26 401(K) PLAN

TRUSTEES OF THE UNITE HERE LOCAL 26 401(K) PLANEIN 22-3674126Plan #003PY 2018

33 HARRISON AVENUE, SUITE 500 - BOSTON, MA 02111617-451-0318

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$64.5M

+11.7% from 2017

Total participants

2,647

-1.9% from 2017

Average account balance

$33,058

+5.4% from 2017

Annual return

8.32%

-3.75 pp from 2017

Benchmarks

See 282 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort282 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$100.21M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

3,034

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$101

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
S B H U LIFE AGENCY INC3+ years Service code 49 · EIN 13-2896238	Other Services	$66,757
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$39,063
GBHE LOCAL 26 BENEFITS ADMINISTRATI3+ years Service code 49 · EIN 45-3706480	Other Services	$35,936
TRUSTEES OF GREATER1 year Service code 13 · EIN 22-3674126	Contract Administrator	$33,066
MANZI & ASSOCIATES, LLC1 year Filed as: MANZI & ASSOCIATES LLC Service code 10 · EIN 04-3508036	Accounting	$30,732
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP INC Service code 49 · EIN 04-2530412	Other Services	$17,059
GOLDEN MANET2 years Filed as: THE GOLDEN MANET Service code 36 · EIN 04-2850651	Direct payment from the plan; Copying...	$6,653
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY INS SERVICES INC Service code 49 · EIN 51-0116113	Other Services	$4,127

Plan features & details

Pension benefit codes2E2F2G2J2K3H

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$268K

$110 / participant

Investment mgmt$72K27.0%
Other / not subdivided$196K73.0%

% of EOY assets

0.415%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MANZI & ASSOCIATES LLC
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,058

$23,119+43.0%

$71,089-53.5%

$75,289-56.1%

Participation rate

71.5%

36.3%+35.2pp

54.6%+16.8pp

72.4%-0.9pp

Annual return

8.32%

-3.32%+11.6pp

650.65%-642.3pp

-0.04%+8.4pp

Employer contribution / active EE

$280

$399-29.8%

$1,088-74.3%

$2,405-88.4%

Participant deferral / active EE

$1,872

$960+95.0%

$1,8730%

$3,739-49.9%

Admin fee / account holder

$137

$89+53.4%

$3,082-95.5%

$102+34.2%

Provider

Service type

Compensation

S B H U LIFE AGENCY INC3+ years

Service code 49 · EIN 13-2896238

Other Services

$66,757

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$39,063

GBHE LOCAL 26 BENEFITS ADMINISTRATI3+ years

Service code 49 · EIN 45-3706480

Other Services

$35,936

TRUSTEES OF GREATER1 year

Service code 13 · EIN 22-3674126

Contract Administrator

$33,066

MANZI & ASSOCIATES, LLC1 year

Filed as: MANZI & ASSOCIATES LLC

Service code 10 · EIN 04-3508036

Accounting

$30,732

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 49 · EIN 04-2530412

Other Services

$17,059

GOLDEN MANET2 years

Filed as: THE GOLDEN MANET

Service code 36 · EIN 04-2850651

Direct payment from the plan; Copying...

$6,653

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY INS SERVICES INC

Service code 49 · EIN 51-0116113

Other Services

$4,127

UNITE HERE LOCAL 26 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITE HERE LOCAL 26 401(K) 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