Retirement plan

CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD RETIREMENT PLAN FOR UNION EMPLOYEES

Name: CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD - CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD RETIREMENT PLAN FOR UNION EMPLOYEES (2020) Form 5500
Creator: CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD RETIREMENT PLAN FOR UNION EMPLOYEES, CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD

CHICAGO SOUTHSHORE & SOUTH BEND RAILROADEIN 36-3678882Plan #002PY 2020

224 S. MICHIGAN AVE. SUITE 330 - CHICAGO, IL 60604312-324-7362

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$806K

+21.2% from 2019

Total participants

0.0% from 2019

Average account balance

$14,659

-3.1% from 2019

Annual return

19.64%

-12.45 pp from 2019

Benchmarks

See 3,734 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort3,734 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.08M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

95.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$72K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1091

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 codes2E2F2G2J2T3D

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.
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

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

$93K

$2104 / participant

Other / not subdivided$93K100.0%

% of EOY assets

11.484%

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

$14,659

$59,804-75.5%

$81,982-82.1%

$79,856-81.6%

Participation rate

90.9%

61.6%+29.3pp

69.3%+21.7pp

69.6%+21.3pp

Annual return

19.64%

17.56%+2.1pp

41.31%-21.7pp

31.71%-12.1pp

Employer contribution / active EE

$1,185

$1,713-30.9%

$2,498-52.6%

$2,471-52.1%

Participant deferral / active EE

$1,109

$2,695-58.9%

$3,722-70.2%

$3,741-70.4%

Admin fee / account holder

$1,683

$4,288-60.7%

$5,665-70.3%

$5,306-68.3%

CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD RETIREMENT PLAN FOR UNION EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD RETIREMENT PLAN FOR UNION 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