Retirement plan

CLEVELAND BAKERS LOCAL 19 COLLECTIVELY BARGAINED 401(K) PLAN

Name: BAKERS UNION LOCAL NO. 19 - CLEVELAND BAKERS LOCAL 19 COLLECTIVELY BARGAINED 401(K) PLAN (2017) Form 5500
Creator: BAKERS UNION LOCAL NO. 19
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEVELAND BAKERS LOCAL 19 COLLECTIVELY BARGAINED 401(K) PLAN, BAKERS UNION LOCAL NO. 19

BAKERS UNION LOCAL NO. 19EIN 34-0082405Plan #001PY 2017

9665 ROCKSIDE RD, SUITE B - VALLEY VIEW, OH 441256233216-771-5386

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1.9M

+292.2% from 2016

Total participants

1,599

-4.8% from 2016

Average account balance

$1,449

+142.2% from 2016

Annual return

26.03%

+18.68 pp from 2016

Benchmarks

See 331 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.93M

Not enough data

1 years with asset history on file

Average account balance

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

$3K

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.

3,250

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.

66.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$632

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

+9.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$92

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 3 by compensation

Provider	Service type	Compensation
CADARET GRANT & CO INC1 year Filed as: CADARET , GRANT & CO, INC. Service code 15 ONE LINCOLN CENTER · SYRACUSE, NY 13202	Recordkeeping	$10,070
LONG ISLAND EMPLOYEE BENEFITS GROUP1 year Service code 13 325 WIRELESS BLVD · HAUPPPAUGE, NY 11788	Contract Administrator	$9,308
NATIONWIDE3+ years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$5,819

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant 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

$28K

$20 / participant

Investment mgmt$17K59.6%
Contract admin$6K22.8%
Other / not subdivided$5K17.6%

% of EOY assets

1.483%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: APPLE GROWTH PARTNERS
Auditor EIN: 341082617
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,449

$38,833-96.3%

$78,778-98.2%

$77,958-98.1%

Participation rate

79.3%

60.9%+18.3pp

69.2%+10.1pp

71.6%+7.6pp

Annual return

26.03%

20.31%+5.7pp

35.62%-9.6pp

20.87%+5.2pp

Employer contribution / active EE

$819

$840-2.5%

$1,986-58.8%

$2,310-64.6%

Participant deferral / active EE

$123

$1,776-93.1%

$2,958-95.8%

$3,537-96.5%

Admin fee / account holder

$21

$89-75.9%

$5,134-99.6%

$97-77.9%

Provider

Service type

Compensation

CADARET GRANT & CO INC1 year

Filed as: CADARET , GRANT & CO, INC.

Service code 15

ONE LINCOLN CENTER · SYRACUSE, NY 13202

Recordkeeping

$10,070

LONG ISLAND EMPLOYEE BENEFITS GROUP1 year

Service code 13

325 WIRELESS BLVD · HAUPPPAUGE, NY 11788

Contract Administrator

$9,308

NATIONWIDE3+ years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$5,819

CLEVELAND BAKERS LOCAL 19 COLLECTIVELY BARGAINED 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEVELAND BAKERS LOCAL 19 COLLECTIVELY BARGAINED 401(K) 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