Retirement plan

NATIONAL ELEVATOR INDUSTRY FUND OFFICE EMPLOYEES 401(K) PLAN

Name: NATIONAL ELEVATOR INDUSTRY OFFICE EMPLOYEES PENSION PLAN - NATIONAL ELEVATOR INDUSTRY FUND OFFICE EMPLOYEES 401(K) PLAN (2020) Form 5500
Creator: NATIONAL ELEVATOR INDUSTRY OFFICE EMPLOYEES PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL ELEVATOR INDUSTRY FUND OFFICE EMPLOYEES 401(K) PLAN, NATIONAL ELEVATOR INDUSTRY OFFICE EMPLOYEES PENSION PLAN

NATIONAL ELEVATOR INDUSTRY OFFICE EMPLOYEES PENSION PLANdba ROBERT O. BETTS, JR.EIN 23-2624860Plan #001PY 2020

19 CAMPUS BLVD, SUITE 200 - NEWTOWN SQUARE, PA 190733288800-523-4702neibenefits.orgLinkedIn51-200 employeesfinancial services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19M

+29.2% from 2019

Total participants

137

+24.5% from 2019

Average account balance

$166,937

+24.6% from 2019

Annual return

26.47%

+4.19 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.96M

Not enough data

1 years with asset history on file

Average account balance

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

$172K

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.

139

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.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$978K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 93-1036175	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
T ROWE PRICE RPS INC3 years Filed as: T. ROWE PRICE Service code 52 · EIN 52-1151266	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD Service code 52 · EIN 23-1999755	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DANIEL A. WINTERS & COMPANY, CPAS
Auditor EIN: 252586736
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$166,937

$136,307+22.5%

$177,827-6.1%

$73,493+127.1%

Participation rate

81.3%

86.1%-4.8pp

87.7%-6.4pp

70.7%+10.6pp

Annual return

26.47%

18.68%+7.8pp

48.32%-21.9pp

28.51%-2.0pp

Employer contribution / active EE

$3,030

$3,712-18.4%

$5,918-48.8%

$2,270+33.5%

Participant deferral / active EE

$3,747

$5,829-35.7%

$7,713-51.4%

$3,740+0.2%

Admin fee / account holder

$596-100.0%

$12,429-100.0%

$513-100.0%

Provider

Service type

Compensation

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 93-1036175

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

T ROWE PRICE RPS INC3 years

Filed as: T. ROWE PRICE

Service code 52 · EIN 52-1151266

Indirect Investment Fees

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD

Service code 52 · EIN 23-1999755

Indirect Investment Fees

NATIONAL ELEVATOR INDUSTRY FUND OFFICE EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

NATIONAL ELEVATOR INDUSTRY FUND OFFICE EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion