Retirement plan

TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401K PLAN

Name: TEAMSTERS LOCAL UNION 299 - TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401K PLAN (2016) Form 5500
Creator: TEAMSTERS LOCAL UNION 299
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401K PLAN, TEAMSTERS LOCAL UNION 299

TEAMSTERS LOCAL UNION 299EIN 38-0679250Plan #001PY 2016

2741 TRUMBULL AVENUE - DETROIT, MI 48216313-965-8750LinkedIn201-500 employeespackage/freight delivery

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.3M

+16.7% from 2015

Total participants

489

+15.9% from 2015

Average account balance

$10,832

+0.7% from 2015

Annual return

7.38%

+11.26 pp from 2015

Benchmarks

See 634 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort634 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.86M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

391

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

$383K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+8.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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
ALLIANCE BENEFIT GROUP2+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 30100 TELEGRAPH, 170 · BINGHAM FARMS, MI 48025	Recordkeeping	$36,331
INNES & LOTITO, P.C.2+ years Service code 10 22525 HALL RD, SUITE A · MACOMB, MI 48042	Accounting	$17,500
CORPORATE PLAN ADMINISTRATORS, INC.2+ years Service code 10 · EIN 38-3057036 4139 WEST WALTON, E · WATERFORD, MI 48329	Accounting	$13,842
CYGNET FINANCIAL PLANNING, INC.2+ years Service code 26 · EIN 38-2469646 P.O. BOX 30100 · WATERFORD, MI 48329	Advisory (Participants)	$13,636
FIDUCIARY FIREWALL CONSULTING2+ years Service code 16 4139 WEST WALTON, SUITE E · WATERFORD, MI 48329	Consulting	$6,243
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Filed as: FIDELITY INVESTMENTS Service code 19 PO BOX 770001 · CINCINNATI, OH 45277	Securities Custodian	$2,953
VARNUM LLP2+ years Service code 29 39500 HIGH POINTE BLVD · NOVI, MI 48375	Legal	$755

Plan features & details

Pension benefit codes2G2J

Plan features

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$95K

$241 / participant

Investment mgmt$14K14.3%
Other / not subdivided$82K85.7%

% of EOY assets

1.799%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: INNES & LOTITO, P.C.
Auditor EIN: 383074311
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,832

$39,819-72.8%

$67,834-84.0%

$57,658-81.2%

Participation rate

100.0%

61.2%+38.8pp

68.8%+31.2pp

70.2%+29.8pp

Annual return

7.38%

9.19%-1.8pp

138.47%-131.1pp

5.13%+2.2pp

Employer contribution / active EE

$1,049

$1,277-17.8%

$2,403-56.3%

$1,974-46.8%

Participant deferral / active EE

$627

$2,209-71.6%

$3,160-80.1%

$3,061-79.5%

Admin fee / account holder

$195

$84+133.0%

$4,622-95.8%

$95+106.1%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP2+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

30100 TELEGRAPH, 170 · BINGHAM FARMS, MI 48025

Recordkeeping

$36,331

INNES & LOTITO, P.C.2+ years

Service code 10

22525 HALL RD, SUITE A · MACOMB, MI 48042

Accounting

$17,500

CORPORATE PLAN ADMINISTRATORS, INC.2+ years

Service code 10 · EIN 38-3057036

4139 WEST WALTON, E · WATERFORD, MI 48329

Accounting

$13,842

CYGNET FINANCIAL PLANNING, INC.2+ years

Service code 26 · EIN 38-2469646

P.O. BOX 30100 · WATERFORD, MI 48329

Advisory (Participants)

$13,636

FIDUCIARY FIREWALL CONSULTING2+ years

Service code 16

4139 WEST WALTON, SUITE E · WATERFORD, MI 48329

Consulting

$6,243

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Filed as: FIDELITY INVESTMENTS

Service code 19

PO BOX 770001 · CINCINNATI, OH 45277

Securities Custodian

$2,953

VARNUM LLP2+ years

Service code 29

39500 HIGH POINTE BLVD · NOVI, MI 48375

Legal

$755

TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401K 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