Retirement plan

TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401(K) PLAN

Name: TEAMSTERS LOCAL UNION 299 - TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401(K) PLAN (2017) 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 401(K) PLAN, TEAMSTERS LOCAL UNION 299

TEAMSTERS LOCAL UNION 299EIN 38-0679250Plan #001PY 2017

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

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$6.3M

+19.6% from 2016

Total participants

508

+3.9% from 2016

Average account balance

$12,471

+15.1% from 2016

Annual return

12.05%

+4.67 pp from 2016

Benchmarks

See 639 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort639 peers

Snapshot2017

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 GROUP3+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460 30100 TELEGRAPH, 170 · BINGHAM FARMS, MI 48025	Recordkeeping	$41,401
INNES & LOTITO, P.C.3+ years Service code 10 22525 HALL RD, SUITE A · MACOMB, MI 48042	Accounting	$18,000
CORPORATE PLAN ADMINISTRATORS, INC.3+ years Service code 14 · EIN 38-3057036 4139 WEST WALTON, E · WATERFORD, MI 48329	Plan Administrator	$16,500
CYGNET FINANCIAL PLANNING, INC.3+ years Service code 26 · EIN 38-2469646 P.O. BOX 30100 · WATERFORD, MI 48329	Advisory (Participants)	$13,636
FIDUCIARY FIREWALL CONSULTING3+ years Service code 16 4139 WEST WALTON, SUITE E · WATERFORD, MI 48329	Consulting	$6,243
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY INVESTMENTS Service code 19 PO BOX 770001 · CINCINNATI, OH 45277	Securities Custodian	$3,179
VARNUM LLP3+ years Service code 29 39500 HIGH POINTE BLVD · NOVI, MI 48375	Legal	$108

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 returns
Annual investment return 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.

Expense breakdown

Schedule H Part II

Admin total

$103K

$256 / participant

Investment mgmt$14K13.2%
Other / not subdivided$90K86.8%

% of EOY assets

1.631%

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

$12,471

$44,059-71.7%

$71,671-82.6%

$69,631-82.1%

Participation rate

100.0%

60.8%+39.2pp

68.7%+31.3pp

70.7%+29.3pp

Annual return

12.05%

21.97%-9.9pp

20.65%-8.6pp

27571.02%-27559.0pp

Employer contribution / active EE

$1,073

$1,305-17.7%

$2,460-56.4%

$2,032-47.2%

Participant deferral / active EE

$596

$2,370-74.8%

$3,438-82.7%

$3,224-81.5%

Admin fee / account holder

$203

$108+88.9%

$5,558-96.3%

$110+84.2%

Provider

Service type

Compensation

ALLIANCE BENEFIT GROUP3+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

30100 TELEGRAPH, 170 · BINGHAM FARMS, MI 48025

Recordkeeping

$41,401

INNES & LOTITO, P.C.3+ years

Service code 10

22525 HALL RD, SUITE A · MACOMB, MI 48042

Accounting

$18,000

CORPORATE PLAN ADMINISTRATORS, INC.3+ years

Service code 14 · EIN 38-3057036

4139 WEST WALTON, E · WATERFORD, MI 48329

Plan Administrator

$16,500

CYGNET FINANCIAL PLANNING, INC.3+ years

Service code 26 · EIN 38-2469646

P.O. BOX 30100 · WATERFORD, MI 48329

Advisory (Participants)

$13,636

FIDUCIARY FIREWALL CONSULTING3+ years

Service code 16

4139 WEST WALTON, SUITE E · WATERFORD, MI 48329

Consulting

$6,243

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY INVESTMENTS

Service code 19

PO BOX 770001 · CINCINNATI, OH 45277

Securities Custodian

$3,179

VARNUM LLP3+ years

Service code 29

39500 HIGH POINTE BLVD · NOVI, MI 48375

Legal

$108

TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS LOCAL UNION 299 MULTI EMPLOYER 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