Retirement plan

SECURITY POLICE FIRE PROFESSIONALS OF AMERICA RETIREMENT PLAN

Name: INTERNATIONAL UNION,SECURITY POLICE FIRE PROFESSIONALS OF AMERICA - SECURITY POLICE FIRE PROFESSIONALS OF AMERICA RETIREMENT PLAN (2016) Form 5500
Creator: INTERNATIONAL UNION,SECURITY POLICE FIRE PROFESSIONALS OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SECURITY POLICE FIRE PROFESSIONALS OF AMERICA RETIREMENT PLAN, INTERNATIONAL UNION,SECURITY POLICE FIRE PROFESSIONALS OF AMERICA

INTERNATIONAL UNION,SECURITY POLICE FIRE PROFESSIONALS OF AMERICAEIN 38-1294556Plan #003PY 2016

25510 KELLY ROAD - ROSEVILLE, MI 48066586-772-7250LinkedIn1001-5000 employeescivic & social organization

Other plans on this EIN

2 filings

#001Retirement-$3.6M assets #002Retirement-$2.2M assets

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$88.7M

+16.8% from 2015

Total participants

13,968

+4.9% from 2015

Average account balance

$7,305

+17.9% from 2015

Annual return

6.13%

+8.39 pp from 2015

Benchmarks

See 979 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort979 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$127.14M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

11,953

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.

65.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$904

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

+11.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$114

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 9 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393	Recordkeeping	$566,308
HUMANOMICS2+ years Service code 16 · EIN 95-3669952	Consulting	$324,104
CENKO, VENDITTELLI & HAYNES2+ years Service code 10 · EIN 81-0584482	Accounting	$108,266
INTERNATIONAL2+ years Service code 35 · EIN 38-1294556	Employee (plan sponsor)	$61,912
LAW OFFICE GREGORY, MOORE, JEAKLE &2+ years Service code 29 · EIN 38-3093929	Legal	$26,894
FINANCIAL WEST GROUP2+ years Service code 27 · EIN 95-3989258	Advisory (Plan)	$11,725
BOON ADMINISTRATIVE SERVICES INC2+ years Filed as: BOON Service code 15 · EIN 33-0449333	Recordkeeping	$11,649
COWDEN ASSOCIATES, INC.2+ years Filed as: COWDEN ASSOCIATES Service code 16 · EIN 25-1750131	Consulting	$3,060
VARNUM LLP2+ years Filed as: VARNUM, RIDDERING, SCHMIDT & HOWLET Service code 27 · EIN 38-1294924	Advisory (Plan)	$1,843

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

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

$1.1M

$87 / participant

Investment mgmt$329K28.6%
Contract admin$578K50.3%
Other / not subdivided$242K21.1%

% of EOY assets

1.295%

all-in expense ratio

Categories reported

2 / 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: CENKO, VENDITELLI, HAYNES & TOKARZ
Auditor EIN: 810584482
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$7,305

$329,111-97.8%

$78,676-90.7%

$329,111-97.8%

Participation rate

86.1%

67.9%+18.3pp

73.6%+12.6pp

67.9%+18.3pp

Annual return

6.13%

16.35%-10.2pp

62.19%-56.1pp

16.35%-10.2pp

Employer contribution / active EE

$1,788

$2,303-22.4%

$2,850-37.3%

$2,303-22.4%

Participant deferral / active EE

$39

$3,682-98.9%

$3,517-98.9%

$3,682-98.9%

Admin fee / account holder

$95

$754-87.4%

$4,510-97.9%

$754-87.4%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO BANK N.A.

Service code 15 · EIN 94-1347393

Recordkeeping

$566,308

HUMANOMICS2+ years

Service code 16 · EIN 95-3669952

Consulting

$324,104

CENKO, VENDITTELLI & HAYNES2+ years

Service code 10 · EIN 81-0584482

Accounting

$108,266

INTERNATIONAL2+ years

Service code 35 · EIN 38-1294556

Employee (plan sponsor)

$61,912

LAW OFFICE GREGORY, MOORE, JEAKLE &2+ years

Service code 29 · EIN 38-3093929

Legal

$26,894

FINANCIAL WEST GROUP2+ years

Service code 27 · EIN 95-3989258

Advisory (Plan)

$11,725

BOON ADMINISTRATIVE SERVICES INC2+ years

Filed as: BOON

Service code 15 · EIN 33-0449333

Recordkeeping

$11,649

COWDEN ASSOCIATES, INC.2+ years

Filed as: COWDEN ASSOCIATES

Service code 16 · EIN 25-1750131

Consulting

$3,060

VARNUM LLP2+ years

Filed as: VARNUM, RIDDERING, SCHMIDT & HOWLET

Service code 27 · EIN 38-1294924

Advisory (Plan)

$1,843

SECURITY POLICE FIRE PROFESSIONALS OF AMERICA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SECURITY POLICE FIRE PROFESSIONALS OF AMERICA RETIREMENT 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