Retirement plan

OPEIU LOCAL 494-UAW EMPLOYEES 401(K) PLAN

Name: INTERNATIONAL UNION, UAW - OPEIU LOCAL 494-UAW EMPLOYEES 401(K) PLAN (2018) 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 2018

8000 E. JEFFERSON AVENUE - DETROIT, MI 48214313-926-5431LinkedIn1001-5000 employeescivic & social organization

Other plans on this EIN

5 filings

#002Retirement-$858.0M assets #001Retirement-$147.5M assets #004Retirement-$83.6M assets #005Retirement-$21.4M assets #008Retirement-$12.4M assets

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$12.5M

-3.7% from 2016

Total participants

395

+0.8% from 2016

Average account balance

$63,896

-9.1% from 2016

Annual return

-3.56%

-5.80 pp from 2016

Benchmarks

See 845 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort845 peers

Snapshot2018

Participant deferral / active EE

$1,570

median $1,662

Employer contribution / active EE

$327

median $897

Participation rate

39.1%

median 76.1%

Avg account balance

$63,896

median $28,102

Admin fee / account holder

$27

median $59

Annual return

-3.56%

median -4.57%

Overall peer rank

50of 100

50th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$20.59M

Average account balance

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

$78K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

263

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

74.8%

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.17%

Admin fee / account holder

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

$46

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	$5,388

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$5K

$16 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.043%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLARENCE H. JOHNSON, P.C.
Auditor EIN: 382821807
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,896

$43,999+45.2%

$79,472-19.6%

$55,727+14.7%

Participation rate

39.1%

66.9%-27.8pp

73.3%-34.2pp

70.9%-31.7pp

Annual return

-3.56%

1.81%-5.4pp

718.32%-721.9pp

244.94%-248.5pp

Employer contribution / active EE

$327

$1,830-82.2%

$2,801-88.3%

$2,078-84.3%

Participant deferral / active EE

$1,570

$2,538-38.1%

$3,704-57.6%

$3,356-53.2%

Admin fee / account holder

$27

$118-76.6%

$5,104-99.5%

$115-76.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

$5,388

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