Retirement plan

BAKERS AND TEAMSTERS PENSION FUND 401(K) PLAN FOR ADMINISTRATIVE EMPLOYEES

Name: CLEVELAND BAKERS AND TEAMSTERS PENSION FUND - BAKERS AND TEAMSTERS PENSION FUND 401(K) PLAN FOR ADMINISTRATIVE EMPLOYEES (2023) Form 5500
Creator: CLEVELAND BAKERS AND TEAMSTERS PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAKERS AND TEAMSTERS PENSION FUND 401(K) PLAN FOR ADMINISTRATIVE EMPLOYEES, CLEVELAND BAKERS AND TEAMSTERS PENSION FUND

CLEVELAND BAKERS AND TEAMSTERS PENSION FUNDEIN 34-0904419Plan #002PY 2023

9665 ROCKSIDE ROAD, SUITE D - VALLEY VIEW, OH 44125216-781-6869

Other plans on this EIN

1 filing

#001Retirement-$348.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

-3.0% from 2016

Total participants

0.0% from 2016

Average account balance

$62,549

-3.0% from 2016

Annual return

14.68%

-8.64 pp from 2016

Benchmarks

See 7,175 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,175 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.52M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

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.

119.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2091

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$35777 / participant

Other / not subdivided$1M100.0%

% of EOY assets

48.680%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,549

$125,814-50.3%

$170,055-63.2%

$75,184-16.8%

Participation rate

97.5%

83.6%+13.9pp

87.0%+10.5pp

67.2%+30.3pp

Annual return

14.68%

27.20%-12.5pp

53.43%-38.7pp

160.78%-146.1pp

Employer contribution / active EE

$2,346

$4,617-49.2%

$6,790-65.5%

$2,671-12.2%

Participant deferral / active EE

$4,630

$6,839-32.3%

$10,410-55.5%

$4,127+12.2%

Admin fee / account holder

$30,448

$8,177+272.3%

$12,828+137.4%

$5,652+438.8%

BAKERS AND TEAMSTERS PENSION FUND 401(K) PLAN FOR ADMINISTRATIVE EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAKERS AND TEAMSTERS PENSION FUND 401(K) PLAN FOR ADMINISTRATIVE EMPLOYEES

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