Retirement plan

OPEIU LOCAL 494-UAW EMPLOYEES 401(K) PLAN

Name: INTERNATIONAL UNION, UAW - OPEIU LOCAL 494-UAW EMPLOYEES 401(K) PLAN (2024) Form 5500
Creator: INTERNATIONAL UNION, UAW
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPEIU LOCAL 494-UAW EMPLOYEES 401(K) PLAN, INTERNATIONAL UNION, UAW

INTERNATIONAL UNION, UAWEIN 38-0679801Plan #007PY 2024

8000 E. JEFFERSON AVENUE - DETROIT, MI 482143963313-926-5000LinkedIn1001-5000 employeescivic & social organization

Other plans on this EIN

5 filings

#002Retirement-$1.02B assets #001Retirement-$212.8M assets #004Retirement-$88.2M assets #005Retirement-$23.0M assets #008Retirement-$16.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$20.6M

+10.4% from 2023

Total participants

329

-27.2% from 2023

Average account balance

$78,296

+6.6% from 2023

Annual return

16.17%

-3.80 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.59M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

263

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.

74.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS-INSTITUTIONAL Service code 37 · EIN 04-2647786	Loan Processing	$7,106

Plan features & details

Pension benefit codes2F2G2J2T3D3H

Plan features

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$12K

$46 / participant

Recordkeeping$7K59.1%
Investment mgmt$5K40.9%

% of EOY assets

0.058%

all-in expense ratio

Categories reported

2 / 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: -
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,296

$65,960+18.7%

$81,844-4.3%

$77,736+0.7%

Participation rate

74.8%

65.8%+9.0pp

72.4%+2.4pp

70.6%+4.2pp

Annual return

16.17%

26.64%-10.5pp

778.87%-762.7pp

31.26%-15.1pp

Employer contribution / active EE

$1,407

$2,375-40.7%

$2,916-51.7%

$2,728-48.4%

Participant deferral / active EE

$3,519

$3,505+0.4%

$4,323-18.6%

$4,651-24.3%

Admin fee / account holder

$46

$526-91.3%

$7,355-99.4%

$433-89.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS-INSTITUTIONAL

Service code 37 · EIN 04-2647786

Loan Processing

$7,106

OPEIU LOCAL 494-UAW EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPEIU LOCAL 494-UAW EMPLOYEES 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