Retirement plan

GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT BENEFIT PLAN

Name: GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT PLAN - GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT BENEFIT PLAN (2020) Form 5500
Creator: GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT BENEFIT PLAN, GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT PLAN

GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT PLANEIN 38-6047082Plan #001PY 2020

11420 EAST NINE MILE RD. - WARREN, MI 48089586-755-8041

Prospect flagsHigh retiree %High cashLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$723K

-2.4% from 2019

Total participants

535

-3.6% from 2019

Average account balance

No prior year

Annual return

244.34%

-4.85 pp from 2019

Benchmarks

See 1,086 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined benefit

Participants<25

Cohort1,086 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$32.32M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

451

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+1.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GCU DISTRICT COUNCIL 36+ years Service code 13 · EIN 13-4262783 11420 EAST NINE MILE ROAD · WARREN, MI 48089	Contract Administrator	$30,820
KUSHNER, KIPPELMAN & TAUB, P.L.L.C.6+ years Service code 10 · EIN 26-1482899 28580 ORCHARD LAKE ROAD, SUITE 250 · FARMINGTON HILLS, MI 48334	Accounting	$25,745
WATKINS ROSS4 years Service code 11 · EIN 38-1477362 200 OTTAWA AVE NW, SUITE 600 · GRAND RAPIDS, MI 495032426	Actuarial	$23,918
JAY W. TOWER, ESQ.5 years Service code 29 · EIN 20-1703648 12734 LUDLOW AVENUE · HUNTINGTON WOODS, MI 48070	Legal	$8,912
COMERICA BANK6+ years Service code 19 · EIN 38-0477375 411 W. LAFAYETE · DETROIT, MI 48226	Securities Custodian	$8,588

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

4 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$107K

$107065 / participant

Investment mgmt$9K8.0%
Contract admin$31K28.8%
Other / not subdivided$68K63.2%

% of EOY assets

14.807%

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: KUSHNER, KIPPELMAN & TAUB, P.L.L.C.
Auditor EIN: 261482899
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$274,636-100.0%

$247,190-100.0%

$254,510-100.0%

Participation rate

0.0%

19.5%-19.5pp

15.2%-15.2pp

43.0%-43.0pp

Annual return

244.34%

7.44%+236.9pp

7.87%+236.5pp

259.14%-14.8pp

Employer contribution / active EE

$3,593

$36,975-90.3%

$31,784-88.7%

$41,471-91.3%

Participant deferral / active EE

$171-100.0%

$241-100.0%

$153-100.0%

Admin fee / account holder

$288,252-100.0%

$240,514-100.0%

$21,546-100.0%

Provider

Service type

Compensation

GCU DISTRICT COUNCIL 36+ years

Service code 13 · EIN 13-4262783

11420 EAST NINE MILE ROAD · WARREN, MI 48089

Contract Administrator

$30,820

KUSHNER, KIPPELMAN & TAUB, P.L.L.C.6+ years

Service code 10 · EIN 26-1482899

28580 ORCHARD LAKE ROAD, SUITE 250 · FARMINGTON HILLS, MI 48334

Accounting

$25,745

WATKINS ROSS4 years

Service code 11 · EIN 38-1477362

200 OTTAWA AVE NW, SUITE 600 · GRAND RAPIDS, MI 495032426

Actuarial

$23,918

JAY W. TOWER, ESQ.5 years

Service code 29 · EIN 20-1703648

12734 LUDLOW AVENUE · HUNTINGTON WOODS, MI 48070

Legal

$8,912

COMERICA BANK6+ years

Service code 19 · EIN 38-0477375

411 W. LAFAYETE · DETROIT, MI 48226

Securities Custodian

$8,588

GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAPHIC COMMUNICATIONS UNION LOCAL 2-C RETIREMENT BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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