Retirement plan

TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN - TEAMSTERS LOCAL 830 RETIREMENT SAVINGS PLAN (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$87.9M

-13.5% from 2021

Total participants

4,337

-1.3% from 2021

Average account balance

$20,278

-12.4% from 2021

Annual return

-12.69%

-23.61 pp from 2021

Benchmarks

See 254 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort254 peers

Snapshot2022

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 6 by compensation

Provider	Service type	Compensation
LOCAL 1102 RWDSU8+ years Filed as: LOCAL 830 PENSION FUND Service code 15 · EIN 23-1990755	Recordkeeping	$377,734
BENEFIT PLANS ADMIN SERVICES, INC.4 years Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC Service code 27 · EIN 16-1616474	Advisory (Plan)	$313,784
INVESTMENT PERFORMANCE SERVICES4 years Service code 27 · EIN 58-1645832	Advisory (Plan)	$45,000
CLEARY, JOSEM & TRIGIANI LLP4 years Service code 29 · EIN 23-2657967	Legal	$30,805
NOVAK FRANCELLA LLC4 years Service code 10 · EIN 61-1436956	Accounting	$22,233
STEVENS & LEE1 year Service code 29 EAST TOWER 1500 MARKET ST. 18TH FL · PHILADELPHIA, PA 19102	Legal	$8,501

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

$507K

$278 / participant

Investment mgmt$45K8.9%
Other / not subdivided$462K91.1%

% of EOY assets

0.576%

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

$20,278

$63,321-68.0%

$68,803-70.5%

$77,906-74.0%

Participation rate

100.0%

71.1%+28.9pp

69.0%+31.0pp

73.7%+26.3pp

Annual return

-12.69%

-6.50%-6.2pp

-6.37%-6.3pp

12.16%-24.8pp

Employer contribution / active EE

$2,072

$2,794-25.8%

$2,656-22.0%

$2,846-27.2%

Participant deferral / active EE

$1,794

$4,029-55.5%

$3,942-54.5%

$4,805-62.7%

Admin fee / account holder

$117

$104+12.1%

$4,936-97.6%

$133-11.9%

Provider

Service type

Compensation

LOCAL 1102 RWDSU8+ years

Filed as: LOCAL 830 PENSION FUND

Service code 15 · EIN 23-1990755

Recordkeeping

$377,734

BENEFIT PLANS ADMIN SERVICES, INC.4 years

Filed as: BENEFIT PLANS ADMINISTRATIVE SERVIC

Service code 27 · EIN 16-1616474

Advisory (Plan)

$313,784

INVESTMENT PERFORMANCE SERVICES4 years

Service code 27 · EIN 58-1645832

Advisory (Plan)

$45,000

CLEARY, JOSEM & TRIGIANI LLP4 years

Service code 29 · EIN 23-2657967

Legal

$30,805

NOVAK FRANCELLA LLC4 years

Service code 10 · EIN 61-1436956

Accounting

$22,233

STEVENS & LEE1 year

Service code 29

EAST TOWER 1500 MARKET ST. 18TH FL · PHILADELPHIA, PA 19102

Legal

$8,501

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