Retirement plan

UFCW LOCAL 152 SAVINGS PLAN

Name: BOARD OF TRUSTEES, UFCW LOCAL 152 SAVINGS FUND - UFCW LOCAL 152 SAVINGS PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES, UFCW LOCAL 152 SAVINGS FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL 152 SAVINGS PLAN, BOARD OF TRUSTEES, UFCW LOCAL 152 SAVINGS FUND

BOARD OF TRUSTEES, UFCW LOCAL 152 SAVINGS FUNDEIN 23-6421914Plan #001PY 2016

27 ROLAND AVE, SUITE 100 - MOUNT LAUREL, NJ 080541056856-793-1547

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

How to read this page

Total assets (EOY)

$38.4M

-3.0% from 2015

Total participants

15,419

+3.1% from 2015

Average account balance

$5,896

-0.5% from 2015

Annual return

1.52%

+1.09 pp from 2015

Benchmarks

See 90 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants>=10,000

Cohort90 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.78M

Not enough data

1 years with asset history on file

Average account balance

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

$5K

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.

6,264

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.

32.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$125

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

+4.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$62

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
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 12 · EIN 01-0233346	Custodial (securities); Direct paymen...	$344,921
TRI-STATE ADMINISTRATORS INC1 year Filed as: TRI-STATE ADMINISTRATORS, INC. Service code 13 · EIN 22-3478819	Contract Administrator	$198,675
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN, LEWIS & BOCKIUS, LLP Service code 29 · EIN 23-0891050	Legal	$126,987
SLEVIN & HART, P.C.2+ years Service code 29 · EIN 52-1708613	Legal	$34,627
BOND BROTHERS2+ years Filed as: BOND BEEBE, P.C. Service code 10 · EIN 52-1044197	Accounting	$30,000
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$10,000

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
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

$435K

$28 / participant

Investment mgmt$15K3.5%
Contract admin$199K45.6%
Other / not subdivided$222K50.9%

% of EOY assets

1.135%

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: BOND BEEBE, P.C.
Auditor EIN: 521044197
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,896

$38,963-84.9%

$71,796-91.8%

$329,111-98.2%

Participation rate

42.0%

53.8%-11.8pp

69.1%-27.1pp

67.9%-25.9pp

Annual return

1.52%

9.85%-8.3pp

78.04%-76.5pp

16.35%-14.8pp

Employer contribution / active EE

$103

$758-86.5%

$1,924-94.7%

$2,303-95.5%

Participant deferral / active EE

$12

$1,286-99.0%

$2,794-99.6%

$3,682-99.7%

Admin fee / account holder

$67

$50+32.5%

$4,815-98.6%

$754-91.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 12 · EIN 01-0233346

Custodial (securities); Direct paymen...

$344,921

TRI-STATE ADMINISTRATORS INC1 year

Filed as: TRI-STATE ADMINISTRATORS, INC.

Service code 13 · EIN 22-3478819

Contract Administrator

$198,675

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN, LEWIS & BOCKIUS, LLP

Service code 29 · EIN 23-0891050

Legal

$126,987

SLEVIN & HART, P.C.2+ years

Service code 29 · EIN 52-1708613

Legal

$34,627

BOND BROTHERS2+ years

Filed as: BOND BEEBE, P.C.

Service code 10 · EIN 52-1044197

Accounting

$30,000

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$10,000

UFCW LOCAL 152 SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL 152 SAVINGS 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