Retirement plan

LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN

Name: BOARD OF TRUSTEES OF LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN - LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES OF LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN, BOARD OF TRUSTEES OF LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN

BOARD OF TRUSTEES OF LOCAL 74 U.S.W.U. 401(K) SAVINGS PLANEIN 27-2570808Plan #001PY 2016

36-36 33RD STREET STE 202 - LONG ISLAND CITY, NY 11106718-729-7400

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$4.2M

+28.9% from 2015

Total participants

602

+13.4% from 2015

Average account balance

$6,991

+20.1% from 2015

Annual return

2.75%

+6.21 pp from 2015

Benchmarks

See 1,433 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,433 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.34M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

906

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

$2.12M

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

+10.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$259

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
PRUDENTIAL RETIREMENT INSURANCE AND2+ years Filed as: PRUDENTIAL RETIREMENT SERVICES Service code 15 · EIN 06-1050034 30 SCRANTON OFFICE PARK · SCRANTON, PA 18507	Recordkeeping	$65,358
REYNOLDS CONSULTING SERVICES2+ years Filed as: REYNOLDS CONSULTING SERVICES LLC Service code 27 · EIN 20-1899564 410 JERICHO TPKE STE 304 · JERICHO, NY 11753	Advisory (Plan)	$24,900
FITZSIMMONS ABRAMS, LLP2+ years Service code 10 · EIN 13-2858927 59 EAST 54TH ST STE 82 · NEW YORK, NY 10022	Accounting	$16,111
CONSULTING ACTUARIAL GROUP, INC.2+ years Filed as: C&R CONSULTING, INC. Service code 15 · EIN 13-3935364 1501 BROADWAY SUITE 1724 · NEW YORK, NY 10036	Recordkeeping	$7,853

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant 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.

Expense breakdown

Schedule H Part II

Admin total

$129K

$246 / participant

Investment mgmt$25K19.4%
Contract admin$65K50.8%
Other / not subdivided$38K29.8%

% of EOY assets

3.057%

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: FITZSIMMONS ABRAMS, LLP
Auditor EIN: 132858927
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,991

$71,802-90.3%

$133,975-94.8%

$57,658-87.9%

Participation rate

100.0%

85.5%+14.5pp

87.1%+12.9pp

70.2%+29.8pp

Annual return

2.75%

13.51%-10.8pp

29.29%-26.5pp

5.13%-2.4pp

Employer contribution / active EE

$1,961

$3,161-38.0%

$5,211-62.4%

$1,974-0.6%

Participant deferral / active EE

$35

$4,606-99.2%

$6,282-99.4%

$3,061-98.9%

Admin fee / account holder

$214

$88+143.8%

$9,324-97.7%

$95+126.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND2+ years

Filed as: PRUDENTIAL RETIREMENT SERVICES

Service code 15 · EIN 06-1050034

30 SCRANTON OFFICE PARK · SCRANTON, PA 18507

Recordkeeping

$65,358

REYNOLDS CONSULTING SERVICES2+ years

Filed as: REYNOLDS CONSULTING SERVICES LLC

Service code 27 · EIN 20-1899564

410 JERICHO TPKE STE 304 · JERICHO, NY 11753

Advisory (Plan)

$24,900

FITZSIMMONS ABRAMS, LLP2+ years

Service code 10 · EIN 13-2858927

59 EAST 54TH ST STE 82 · NEW YORK, NY 10022

Accounting

$16,111

CONSULTING ACTUARIAL GROUP, INC.2+ years

Filed as: C&R CONSULTING, INC.

Service code 15 · EIN 13-3935364

1501 BROADWAY SUITE 1724 · NEW YORK, NY 10036

Recordkeeping

$7,853

LOCAL 74 U.S.W.U. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 74 U.S.W.U. 401(K) 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