Retirement plan

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN - TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN (2020) 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 PLANEIN 23-7367250Plan #003PY 2020

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$91.4M

+14.7% from 2019

Total participants

4,197

+1.0% from 2019

Average account balance

$21,788

+13.6% from 2019

Annual return

12.47%

-3.79 pp from 2019

Benchmarks

See 238 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort238 peers

Snapshot2020

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.2 years Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 27 · EIN 16-1616474	Advisory (Plan)	$316,808
LOCAL 1102 RWDSU6+ years Filed as: LOCAL 830 PENSION FUND Service code 15 · EIN 23-1990755	Recordkeeping	$290,521
INVESTMENT PERFORMANCE SERVICES2 years Service code 27 · EIN 58-1645832	Advisory (Plan)	$45,000
CLEARY, JOSEM & TRIGIANI LLP2 years Service code 29 · EIN 23-2657967	Legal	$32,995
NOVAK FRANCELLA LLC2 years Service code 10 · EIN 61-1436956	Accounting	$17,500

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$413K

$210 / participant

Investment mgmt$45K10.9%
Other / not subdivided$368K89.1%

% of EOY assets

0.451%

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 FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,788

$74,462-70.7%

$81,982-73.4%

$90,274-75.9%

Participation rate

100.0%

69.7%+30.3pp

69.3%+30.7pp

73.4%+26.6pp

Annual return

12.47%

17.56%-5.1pp

41.31%-28.8pp

53.97%-41.5pp

Employer contribution / active EE

$2,001

$2,334-14.3%

$2,498-19.9%

$2,523-20.7%

Participant deferral / active EE

$1,557

$3,602-56.8%

$3,722-58.2%

$4,231-63.2%

Admin fee / account holder

$98

$98+0.3%

$5,665-98.3%

$114-13.8%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 27 · EIN 16-1616474

Advisory (Plan)

$316,808

LOCAL 1102 RWDSU6+ years

Filed as: LOCAL 830 PENSION FUND

Service code 15 · EIN 23-1990755

Recordkeeping

$290,521

INVESTMENT PERFORMANCE SERVICES2 years

Service code 27 · EIN 58-1645832

Advisory (Plan)

$45,000

CLEARY, JOSEM & TRIGIANI LLP2 years

Service code 29 · EIN 23-2657967

Legal

$32,995

NOVAK FRANCELLA LLC2 years

Service code 10 · EIN 61-1436956

Accounting

$17,500

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