Retirement plan

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN - TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLANdba SAVINGS PLANEIN 23-7367250Plan #003PY 2019

12298 TOWNSEND ROAD - PHILADELPHIA, PA 191541203215-969-1012

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$79.7M

+20.9% from 2018

Total participants

4,155

+92.0% from 2018

Average account balance

$19,179

-43.1% from 2018

Annual return

16.26%

+19.54 pp from 2018

Benchmarks

See 239 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort239 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.44M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

4,089

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

$7.72M

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

+8.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$190

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 5 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 27 · EIN 16-1616474	Advisory (Plan)	$305,201
LOCAL 1102 RWDSU5+ years Filed as: LOCAL 830 PENSION FUND Service code 15 · EIN 23-1990755	Recordkeeping	$295,125
CLEARY, JOSEM & TRIGIANI LLP1 year Service code 29 · EIN 23-2657967	Legal	$25,538
NOVAK FRANCELLA LLC1 year Service code 10 · EIN 61-1436956	Accounting	$17,500
INVESTMENT PERFORMANCE SERVICES1 year Service code 27 · EIN 58-1645832	Advisory (Plan)	$15,000

Plan features & details

Pension benefit codes2E2F2G2J

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$377K

$193 / participant

Investment mgmt$15K4.0%
Other / not subdivided$362K96.0%

% of EOY assets

0.473%

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: NOVAK FANCELLA LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,179

$67,598-71.6%

$75,900-74.7%

$77,775-75.3%

Participation rate

100.0%

69.6%+30.4pp

69.3%+30.7pp

73.2%+26.8pp

Annual return

16.26%

23.18%-6.9pp

30.73%-14.5pp

32.58%-16.3pp

Employer contribution / active EE

$1,969

$2,430-19.0%

$2,501-21.3%

$2,504-21.4%

Participant deferral / active EE

$1,537

$3,502-56.1%

$3,604-57.4%

$3,966-61.2%

Admin fee / account holder

$91

$96-5.9%

$5,421-98.3%

$100-9.4%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 27 · EIN 16-1616474

Advisory (Plan)

$305,201

LOCAL 1102 RWDSU5+ years

Filed as: LOCAL 830 PENSION FUND

Service code 15 · EIN 23-1990755

Recordkeeping

$295,125

CLEARY, JOSEM & TRIGIANI LLP1 year

Service code 29 · EIN 23-2657967

Legal

$25,538

NOVAK FRANCELLA LLC1 year

Service code 10 · EIN 61-1436956

Accounting

$17,500

INVESTMENT PERFORMANCE SERVICES1 year

Service code 27 · EIN 58-1645832

Advisory (Plan)

$15,000

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS LOCAL 830 RETIREMENT 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