Retirement plan

CARAVAN FACILITIES MANAGEMENT UNION 401(K) PLAN

Name: CARAVAN FACILITIES MANAGEMENT L.L.C - CARAVAN FACILITIES MANAGEMENT UNION 401(K) PLAN (2015) Form 5500
Creator: CARAVAN FACILITIES MANAGEMENT L.L.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARAVAN FACILITIES MANAGEMENT UNION 401(K) PLAN, CARAVAN FACILITIES MANAGEMENT L.L.C

CARAVAN FACILITIES MANAGEMENT L.L.CEIN 38-3376680Plan #002PY 2015

1400 WEISS STREET - SAGINAW, MI 48602989-399-0000caravanfm.comLinkedIn1001-5000 employeesfacilities services

Other plans on this EIN

1 filing

#001Retirement-$688K assets

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$2.9M

No prior year

Total participants

1,689

No prior year

Average account balance

$6,622

No prior year

Annual return

1.80%

No prior year

Benchmarks

See 258 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort258 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.15M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

372

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.

38.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$834K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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 5 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY1+ years Filed as: VOYA RET INSURANCE AND ANNUITY CO Service code 27 · EIN 71-0294708	Advisory (Plan)	$8,650
GREAT LAKES ADVISORS, LLC1+ years Filed as: GREAT LAKES PENSION ASSOCIATES Service code 37 · EIN 38-2438760 37923 W. TWELVE MILE ROAD · FARMINGTON HILLS, MI 48331	Loan Processing	$6,500
BENEFIT SERVICES GROUP, INC.1+ years Service code 37 · EIN 35-4275117	Loan Processing	$4,300
MORNINGSTAR1+ years Service code 27	Advisory (Plan)	$290
ROYAL ALLIANCE ASSOCIATES INC1+ years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 55 1 WORLD FINANCIAL CT. FL 15 · NEW YORK, NY 10281	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$23K

$14 / participant

Contract admin$12K53.5%
Other / not subdivided$11K46.5%

% of EOY assets

0.802%

all-in expense ratio

Categories reported

1 / 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: REHMANN ROBSON, LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,622

$30,979-78.6%

$67,704-90.2%

$59,188-88.8%

Participation rate

24.6%

40.5%-15.9pp

67.5%-42.9pp

69.4%-44.8pp

Annual return

1.80%

-1.74%+3.5pp

25.41%-23.6pp

5.51%-3.7pp

Employer contribution / active EE

$128

$807-84.1%

$2,559-95.0%

$2,098-93.9%

Participant deferral / active EE

$303

$1,603-81.1%

$3,585-91.5%

$3,265-90.7%

Admin fee / account holder

$53

$81-34.4%

$4,255-98.8%

$92-42.4%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY1+ years

Filed as: VOYA RET INSURANCE AND ANNUITY CO

Service code 27 · EIN 71-0294708

Advisory (Plan)

$8,650

GREAT LAKES ADVISORS, LLC1+ years

Filed as: GREAT LAKES PENSION ASSOCIATES

Service code 37 · EIN 38-2438760

37923 W. TWELVE MILE ROAD · FARMINGTON HILLS, MI 48331

Loan Processing

$6,500

BENEFIT SERVICES GROUP, INC.1+ years

Service code 37 · EIN 35-4275117

Loan Processing

$4,300

MORNINGSTAR1+ years

Service code 27

Advisory (Plan)

$290

ROYAL ALLIANCE ASSOCIATES INC1+ years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 55

1 WORLD FINANCIAL CT. FL 15 · NEW YORK, NY 10281

Other Commissions

CARAVAN FACILITIES MANAGEMENT UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARAVAN FACILITIES MANAGEMENT UNION 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