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 (2020) 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 2020

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

Other plans on this EIN

2 filings

#001Retirement-$4.2M assets #002Retirement-$2.6M assets

Prospect flagsLow returnsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$120.8M

+2.2% from 2019

Total participants

16,230

+9.0% from 2019

Average account balance

$9,619

-0.9% from 2019

Annual return

12.06%

-6.01 pp from 2019

Benchmarks

See 1,039 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,039 peers

Snapshot2020

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 10 of 11 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393	Recordkeeping	$533,267
THE WAGNER LAW GROUP1 year Filed as: WAGNER LAW GROUP Service code 29 · EIN 04-3323315	Legal	$185,287
CENKO, VENDITTELLI & HAYNES1 year Filed as: CENKO, VENDITTELLI, HAYNES & TOKARZ Service code 10 · EIN 81-0584482	Accounting	$104,679
BENESYS, INC.1 year Filed as: BENESYS Service code 16 · EIN 38-2383171	Consulting	$77,630
COWDEN ASSOCIATES, INC.4 years Filed as: COWDEN ASSOCIATES INC Service code 16 · EIN 25-1750131	Consulting	$70,550
HUMANOMICS6+ years Service code 16 · EIN 95-3669952	Consulting	$69,000
WESTERN INTERNATIONAL SECURITIES1 year Service code 27 · EIN 84-1314321	Advisory (Plan)	$55,351
BDO USA, LLP1 year Filed as: BDO USA LLP Service code 16	Consulting	$51,604
GREGORY J SCHWARTZ & COMPANY INC1 year Filed as: GREGORY, MOORE, JEAKLE & BROOKS PC Service code 29 · EIN 38-3093929	Legal	$29,168
BRIAN PATTEN ASSOCIATES1 year Filed as: BRIAN PATTEN & ASSOCIATES LLC Service code 16 120 MARGUERITE DRIVE · CRANBERRY TOWNSHIP, PA 16066	Consulting	$17,750

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

4 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.
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

$1.2M

$92 / participant

Other / not subdivided$1M100.0%

% of EOY assets

1.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,619

$106,273-90.9%

$90,461-89.4%

$106,273-90.9%

Participation rate

72.2%

70.8%+1.4pp

72.7%-0.5pp

70.8%+1.4pp

Annual return

12.06%

21.70%-9.6pp

1294.76%-1282.7pp

21.70%-9.6pp

Employer contribution / active EE

$1,242

$2,722-54.4%

$3,264-62.0%

$2,722-54.4%

Participant deferral / active EE

$43

$4,601-99.1%

$3,964-98.9%

$4,601-99.1%

Admin fee / account holder

$97

$78+24.1%

$5,617-98.3%

$78+24.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Service code 15 · EIN 94-1347393

Recordkeeping

$533,267

THE WAGNER LAW GROUP1 year

Filed as: WAGNER LAW GROUP

Service code 29 · EIN 04-3323315

Legal

$185,287

CENKO, VENDITTELLI & HAYNES1 year

Filed as: CENKO, VENDITTELLI, HAYNES & TOKARZ

Service code 10 · EIN 81-0584482

Accounting

$104,679

BENESYS, INC.1 year

Filed as: BENESYS

Service code 16 · EIN 38-2383171

Consulting

$77,630

COWDEN ASSOCIATES, INC.4 years

Filed as: COWDEN ASSOCIATES INC

Service code 16 · EIN 25-1750131

Consulting

$70,550

HUMANOMICS6+ years

Service code 16 · EIN 95-3669952

Consulting

$69,000

WESTERN INTERNATIONAL SECURITIES1 year

Service code 27 · EIN 84-1314321

Advisory (Plan)

$55,351

BDO USA, LLP1 year

Filed as: BDO USA LLP

Service code 16

Consulting

$51,604

GREGORY J SCHWARTZ & COMPANY INC1 year

Filed as: GREGORY, MOORE, JEAKLE & BROOKS PC

Service code 29 · EIN 38-3093929

Legal

$29,168

BRIAN PATTEN ASSOCIATES1 year

Filed as: BRIAN PATTEN & ASSOCIATES LLC

Service code 16

120 MARGUERITE DRIVE · CRANBERRY TOWNSHIP, PA 16066

Consulting

$17,750

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