Retirement plan

TEAMSTERS UNION LOCAL NO. 142 ANNUITY FUND

Name: BOARD OF TRUSTEES OF TEAMSTERS UNION LOCAL NO.142 ANNUITY FUND - TEAMSTERS UNION LOCAL NO. 142 ANNUITY FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES OF TEAMSTERS UNION LOCAL NO.142 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMSTERS UNION LOCAL NO. 142 ANNUITY FUND, BOARD OF TRUSTEES OF TEAMSTERS UNION LOCAL NO.142 ANNUITY FUND

BOARD OF TRUSTEES OF TEAMSTERS UNION LOCAL NO.142 ANNUITY FUNDEIN 27-3032105Plan #001PY 2024

1300 CLARK ROAD - GARY, IN 46404219-949-1550

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$55.2M

+19.0% from 2023

Total participants

1,391

+8.6% from 2023

Average account balance

$43,055

+11.1% from 2023

Annual return

10.95%

-3.91 pp from 2023

Benchmarks

See 562 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort562 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.24M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

1,283

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$293

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 8 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.3 years Filed as: MILLIMAN Service code 15 · EIN 91-0675641	Recordkeeping	$99,718
JAY SMITH3 years Service code 14 · EIN 27-3032105	Plan Administrator	$82,154
CAPFINANCIAL PARTNERS LLC5 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$27,500
LEGACY PROFESSIONALS LLP10+ years Service code 10 · EIN 32-0043599	Accounting	$20,675
MATRIX TRUST COMPANY5 years Service code 19 · EIN 75-3182674	Securities Custodian	$10,515
ASHER, GITTLER & D'ALBA, LTD.10+ years Filed as: ASHER GITTLER & D'ALBA LTD Service code 29 · EIN 36-2786883	Legal	$9,600
BMO HARRIS BANK NA6 years Filed as: BMO HARRIS BANK N.A. Service code 18 · EIN 36-2085229	Custodial (other than securities)	$7,737
ASCENSUS LLC2 years Filed as: LEDBETTER PARTNERS LLC Service code 29 · EIN 03-0599899	Legal	$5,189

Plan features & details

Pension benefit codes2G2J2T

Plan features

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$376K

$282 / participant

Recordkeeping$7K1.7%
Trustee / custodial$18K4.9%
Investment mgmt$28K7.3%
Legal$15K3.9%
Other trustee fees$1K0.4%
Contract admin$100K26.6%
Other / not subdivided$207K55.2%

% of EOY assets

0.680%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: $14,175
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,055

$241,101-82.1%

$103,374-58.4%

$199,768-78.4%

Participation rate

91.9%

78.3%+13.6pp

74.5%+17.4pp

72.0%+19.9pp

Annual return

10.95%

17.80%-6.8pp

24.89%-13.9pp

34.26%-23.3pp

Employer contribution / active EE

$5,518

$4,244+30.0%

$3,869+42.6%

$3,037+81.7%

Participant deferral / active EE

$280

$3,958-92.9%

$5,058-94.5%

$5,090-94.5%

Admin fee / account holder

$293

$288+1.8%

$8,394-96.5%

$269+8.8%

Provider

Service type

Compensation

MILLIMAN, INC.3 years

Filed as: MILLIMAN

Service code 15 · EIN 91-0675641

Recordkeeping

$99,718

JAY SMITH3 years

Service code 14 · EIN 27-3032105

Plan Administrator

$82,154

CAPFINANCIAL PARTNERS LLC5 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$27,500

LEGACY PROFESSIONALS LLP10+ years

Service code 10 · EIN 32-0043599

Accounting

$20,675

MATRIX TRUST COMPANY5 years

Service code 19 · EIN 75-3182674

Securities Custodian

$10,515

ASHER, GITTLER & D'ALBA, LTD.10+ years

Filed as: ASHER GITTLER & D'ALBA LTD

Service code 29 · EIN 36-2786883

Legal

$9,600

BMO HARRIS BANK NA6 years

Filed as: BMO HARRIS BANK N.A.

Service code 18 · EIN 36-2085229

Custodial (other than securities)

$7,737

ASCENSUS LLC2 years

Filed as: LEDBETTER PARTNERS LLC

Service code 29 · EIN 03-0599899

Legal

$5,189

TEAMSTERS UNION LOCAL NO. 142 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS UNION LOCAL NO. 142 ANNUITY FUND

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