Retirement plan

FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN

Name: BOT OF FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN - FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN (2018) Form 5500
Creator: BOT OF FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN, BOT OF FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN

BOT OF FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLANEIN 23-7418948Plan #001PY 2018

2500 MCCLELLAN AVENUE, SUITE 140 - PENNSAUKEN, NJ 081090001215-483-6000

Prospect flagsHigh retiree %Low participant contribution

How to read this page

Total assets (EOY)

$20M

-5.4% from 2017

Total participants

614

-7.3% from 2017

Average account balance

$32,615

-0.0% from 2017

Annual return

-2.72%

-13.36 pp from 2017

Benchmarks

See 705 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort705 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.39M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

769

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

$1.32M

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

+8.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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 4 by compensation

Provider	Service type	Compensation
WILLIG, WILLIAMS & DAVIDSON4+ years Service code 29 · EIN 23-2416488 1845 WALNUT STREET · PHILADELPHIA, PA 19103	Legal	$21,418
FABIAN & BYRN LLC3 years Filed as: FABIAN & BYRN, LLC Service code 13 · EIN 25-1914887 400 FRANKLIN AVE, SUITE 135 · PHOENIXVILLE, PA 19460	Contract Administrator	$18,225
ADMINISTRATIVE SERVICE PROFESSIONAL1 year Service code 13 · EIN 20-4056745 2500 MCCELLAN AVE, SUITE 140 · PENNSAUKEN, NJ 08109	Contract Administrator	$9,323
ALAN ROSS & COMPANY, PC4+ years Service code 10 · EIN 20-5367494 10 HEARTHSTONE COURT, SUITE 100 · READING, PA 19606	Accounting	$8,250

Plan features & details

Pension benefit codes2E2G2J

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$74K

$263 / participant

Investment mgmt$2K3.2%
Contract admin$28K37.2%
Other / not subdivided$44K59.6%

% of EOY assets

0.370%

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: ALAN ROSS & COMPANY, PC
Auditor EIN: 205367494
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,615

$48,261-32.4%

$68,612-52.5%

$55,725-41.5%

Participation rate

100.0%

71.0%+29.0pp

72.2%+27.8pp

70.9%+29.1pp

Annual return

-2.72%

-2.61%-0.1pp

-4.63%+1.9pp

244.93%-247.7pp

Employer contribution / active EE

$2,823

$1,742+62.0%

$2,625+7.5%

$2,078+35.8%

Participant deferral / active EE

$104

$2,712-96.2%

$3,311-96.9%

$3,356-96.9%

Admin fee / account holder

$121

$126-4.4%

$5,131-97.7%

$115+4.7%

Provider

Service type

Compensation

WILLIG, WILLIAMS & DAVIDSON4+ years

Service code 29 · EIN 23-2416488

1845 WALNUT STREET · PHILADELPHIA, PA 19103

Legal

$21,418

FABIAN & BYRN LLC3 years

Filed as: FABIAN & BYRN, LLC

Service code 13 · EIN 25-1914887

400 FRANKLIN AVE, SUITE 135 · PHOENIXVILLE, PA 19460

Contract Administrator

$18,225

ADMINISTRATIVE SERVICE PROFESSIONAL1 year

Service code 13 · EIN 20-4056745

2500 MCCELLAN AVE, SUITE 140 · PENNSAUKEN, NJ 08109

Contract Administrator

$9,323

ALAN ROSS & COMPANY, PC4+ years

Service code 10 · EIN 20-5367494

10 HEARTHSTONE COURT, SUITE 100 · READING, PA 19606

Accounting

$8,250

FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOOD EMPLOYERS AND TEAMSTERS LOCAL 463 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