Retirement plan

UNITED MINE WORKERS OF AMERICA AND ANTHRACITE OPER ATORS CASH OR DEFERRED SAVINGS PLAN OF 1990

Name: UNITED MINE WORKERS OF AMERICA - UNITED MINE WORKERS OF AMERICA AND ANTHRACITE OPER ATORS CASH OR DEFERRED SAVINGS PLAN OF 1990 (2023) Form 5500
Creator: UNITED MINE WORKERS OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED MINE WORKERS OF AMERICA AND ANTHRACITE OPER ATORS CASH OR DEFERRED SAVINGS PLAN OF 1990, UNITED MINE WORKERS OF AMERICA

UNITED MINE WORKERS OF AMERICAEIN 23-1707065Plan #001PY 2023

P.O. BOX 1200 - POTTSVILLE, PA 179010000570-622-5150ubba.bizLinkedIn1-10 employeesmanagement consulting

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$21M

+20.7% from 2022

Total participants

320

+6.7% from 2022

Average account balance

$71,613

+20.7% from 2022

Annual return

16.02%

+32.00 pp from 2022

Benchmarks

See 205 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants250-999

Cohort205 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.39M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

327

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$201

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 2 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS9+ years Service code 15 · EIN 23-1928421	Recordkeeping	$86,322
BAKER TILLY US, LLP8 years Filed as: BAKER TILLY VIRCHOW, LLP Service code 10 · EIN 39-0859910	Accounting	$0

Plan features & details

Pension benefit codes2E2G2J2K2T2F

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$72K

$285 / participant

Recordkeeping$5570.8%
Investment mgmt$59K82.2%
Other / not subdivided$12K17.0%

% of EOY assets

0.344%

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: BAKER TILLY US
Auditor EIN: 301413443
Audit fees: $12,283
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,613

$102,197-29.9%

$142,460-49.7%

$74,440-3.8%

Participation rate

89.4%

79.8%+9.5pp

76.8%+12.6pp

70.7%+18.6pp

Annual return

16.02%

19.73%-3.7pp

19.99%-4.0pp

34.37%-18.3pp

Employer contribution / active EE

$3,934

$5,052-22.1%

$4,847-18.8%

$2,638+49.1%

Participant deferral / active EE

$2,822

$6,304-55.2%

$6,283-55.1%

$4,529-37.7%

Admin fee / account holder

$247

$186+32.7%

$10,011-97.5%

$348-29.1%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS9+ years

Service code 15 · EIN 23-1928421

Recordkeeping

$86,322

BAKER TILLY US, LLP8 years

Filed as: BAKER TILLY VIRCHOW, LLP

Service code 10 · EIN 39-0859910

Accounting

UNITED MINE WORKERS OF AMERICA AND ANTHRACITE OPER ATORS CASH OR DEFERRED SAVINGS PLAN OF 1990

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED MINE WORKERS OF AMERICA AND ANTHRACITE OPER ATORS CASH OR DEFERRED SAVINGS PLAN OF 1990

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