Retirement plan

U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE EMPLOYEES 401(K) PLAN

Name: U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE - U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE EMPLOYEES 401(K) PLAN (2019) Form 5500
Creator: U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE EMPLOYEES 401(K) PLAN, U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE

U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICEEIN 36-2139906Plan #001PY 2019

1649 WEST ADAMS STREET, 3RD FLOOR - CHICAGO, IL 60612312-829-1134

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$3.7M

+27.7% from 2018

Total participants

0.0% from 2018

Average account balance

$45,726

+24.5% from 2018

Annual return

18.92%

+24.48 pp from 2018

Benchmarks

See 7,338 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,338 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.01M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

112.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$823K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7965

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 codes2F2G2J2T3D

Plan features

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$45K

$567 / participant

Other / not subdivided$45K100.0%

% of EOY assets

1.240%

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

$45,726

$109,359-58.2%

$162,177-71.8%

$72,975-37.3%

Participation rate

86.3%

84.3%+2.0pp

87.6%-1.3pp

69.5%+16.8pp

Annual return

18.92%

25.46%-6.5pp

115.60%-96.7pp

81.01%-62.1pp

Employer contribution / active EE

$3,907-100.0%

$5,613-100.0%

$2,440-100.0%

Participant deferral / active EE

$3,699

$5,481-32.5%

$7,297-49.3%

$3,608+2.5%

Admin fee / account holder

$567

$7,972-92.9%

$10,843-94.8%

$5,124-88.9%

U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.F.C.W. LOCAL 1546 HEALTH & WELFARE FUND OFFICE EMPLOYEES 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