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 (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$292.3M

+18.7% from 2022

Total participants

2,861

+8.9% from 2022

Average account balance

$102,152

+9.1% from 2022

Annual return

16.73%

+30.23 pp from 2022

Benchmarks

See 310 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort310 peers

Snapshot2023

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 6 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY9+ years Filed as: VOYA LIFE INSURANCE AND ANNUITY CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$268,633
BRIAN FREEMAN1 year Filed as: BRIAN REYNOLDS Service code 30 · EIN 36-6527340	Employee (plan)	$57,570
ELITE ADMINISTRATION9+ years Filed as: ELITE ADMINISTRATION & INSURANCE Service code 23 · EIN 36-2238689	Insurance services	$40,000
LOCAL 3 SALES PENSION9+ years Service code 99 · EIN 36-6527340	Other Fees	$37,136
JAMES A. REICHERT3 years Filed as: JAMES H. DUFF Service code 30 · EIN 36-6527340	Employee (plan)	$35,818
CALIBRE CPA GROUP PLLC9+ years Service code 10 · EIN 47-0900880	Accounting	$13,000

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

$437K

$288 / participant

Recordkeeping$5K1.0%
Trustee / custodial$182K41.7%
Salaries / allowances$93K21.4%
Contract admin$40K9.2%
Other / not subdivided$117K26.7%

% of EOY assets

0.149%

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: $13,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,152

$84,993+20.2%

$130,045-21.4%

$80,157+27.4%

Participation rate

100.0%

79.5%+20.5pp

78.5%+21.5pp

72.9%+27.1pp

Annual return

16.73%

23.76%-7.0pp

-137.30%+154.0pp

40.39%-23.7pp

Employer contribution / active EE

$6,197

$3,051+103.1%

$4,321+43.4%

$2,977+108.1%

Participant deferral / active EE

$4,987

$4,984+0.1%

$5,820-14.3%

$5,015-0.6%

Admin fee / account holder

$153

$391-60.9%

$10,600-98.6%

$145+5.3%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY9+ years

Filed as: VOYA LIFE INSURANCE AND ANNUITY CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

$268,633

BRIAN FREEMAN1 year

Filed as: BRIAN REYNOLDS

Service code 30 · EIN 36-6527340

Employee (plan)

$57,570

ELITE ADMINISTRATION9+ years

Filed as: ELITE ADMINISTRATION & INSURANCE

Service code 23 · EIN 36-2238689

Insurance services

$40,000

LOCAL 3 SALES PENSION9+ years

Service code 99 · EIN 36-6527340

Other Fees

$37,136

JAMES A. REICHERT3 years

Filed as: JAMES H. DUFF

Service code 30 · EIN 36-6527340

Employee (plan)

$35,818

CALIBRE CPA GROUP PLLC9+ years

Service code 10 · EIN 47-0900880

Accounting

$13,000

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