Retirement plan

LIQUOR AND ALLIED WORKERS UNION LOCAL NO. 3, EMP

Name: TRUSTEES OF LIQUOR AND ALLIED WKRS UNION, LOCAL 3 EMP DEFERRED COMP - LIQUOR AND ALLIED WORKERS UNION LOCAL NO. 3, EMP (2024) Form 5500
Creator: TRUSTEES OF LIQUOR AND ALLIED WKRS UNION, LOCAL 3 EMP DEFERRED COMP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIQUOR AND ALLIED WORKERS UNION LOCAL NO. 3, EMP, TRUSTEES OF LIQUOR AND ALLIED WKRS UNION, LOCAL 3 EMP DEFERRED COMP

TRUSTEES OF LIQUOR AND ALLIED WKRS UNION, LOCAL 3 EMP DEFERRED COMPEIN 36-7270398Plan #001PY 2024

7716 W. MADISON STREET - RIVER FOREST, IL 603052102312-243-4300

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$331.7M

+13.5% from 2023

Total participants

2,869

+0.3% from 2023

Average account balance

$115,629

+13.2% from 2023

Annual return

14.36%

-2.37 pp from 2023

Benchmarks

See 333 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort333 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$331.74M

Not enough data

1 years with asset history on file

Average account balance

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

$116K

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.

2,869

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 7 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY10+ years Filed as: VOYA LIFE INSURANCE AND ANNUITY CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$282,224
BRIAN FREEMAN2 years Filed as: BRIAN REYNOLDS Service code 30 · EIN 36-6527340	Employee (plan)	$77,743
LOCAL 3 SALES PENSION10+ years Service code 99 · EIN 36-6527340	Other Fees	$63,100
ELITE ADMINISTRATION10+ years Filed as: ELITE ADMINISTRATION & INSURANCE Service code 23 · EIN 36-2238689	Insurance services	$40,000
JAMES A. REICHERT4 years Filed as: JAMES H. DUFF Service code 30 · EIN 36-6527340	Employee (plan)	$28,293
CALIBRE CPA GROUP PLLC10+ years Service code 10 · EIN 47-0900880	Accounting	$13,700
PROFESSIONAL ACCOUNTING SERVICES, L1 year Service code 10 · EIN 92-1530140	Accounting	$9,000

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$472K

$324 / participant

Recordkeeping$9K1.9%
Trustee / custodial$170K36.1%
Salaries / allowances$106K22.5%
Contract admin$40K8.5%
Other / not subdivided$146K31.0%

% of EOY assets

0.142%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $13,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,629

$2,687,218-95.7%

$164,975-29.9%

$199,921-42.2%

Participation rate

100.0%

78.3%+21.7pp

78.6%+21.4pp

72.0%+28.0pp

Annual return

14.36%

17.94%-3.6pp

70.12%-55.8pp

34.28%-19.9pp

Employer contribution / active EE

$7,144

$2,958+141.5%

$4,343+64.5%

$3,035+135.3%

Participant deferral / active EE

$5,393

$5,002+7.8%

$6,033-10.6%

$5,089+6.0%

Admin fee / account holder

$164

$1,988-91.7%

$12,688-98.7%

$269-38.9%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY10+ years

Filed as: VOYA LIFE INSURANCE AND ANNUITY CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

$282,224

BRIAN FREEMAN2 years

Filed as: BRIAN REYNOLDS

Service code 30 · EIN 36-6527340

Employee (plan)

$77,743

LOCAL 3 SALES PENSION10+ years

Service code 99 · EIN 36-6527340

Other Fees

$63,100

ELITE ADMINISTRATION10+ years

Filed as: ELITE ADMINISTRATION & INSURANCE

Service code 23 · EIN 36-2238689

Insurance services

$40,000

JAMES A. REICHERT4 years

Filed as: JAMES H. DUFF

Service code 30 · EIN 36-6527340

Employee (plan)

$28,293

CALIBRE CPA GROUP PLLC10+ years

Service code 10 · EIN 47-0900880

Accounting

$13,700

PROFESSIONAL ACCOUNTING SERVICES, L1 year

Service code 10 · EIN 92-1530140

Accounting

$9,000

LIQUOR AND ALLIED WORKERS UNION LOCAL NO. 3, EMP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIQUOR AND ALLIED WORKERS UNION LOCAL NO. 3, EMP

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