Retirement plan

RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108 & ASSOC UNION PENSION PLAN

Name: RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108 - RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108 & ASSOC UNION PENSION PLAN (2023) Form 5500
Creator: RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108 & ASSOC UNION PENSION PLAN, RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108

RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108EIN 39-0184594Plan #002PY 2023

245 MAIN STREET, SUITE 401 - RACINE, WI 53403262-657-0988

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$10.7M

+6.3% from 2022

Total participants

0.0% from 2022

Average account balance

$152,874

+12.4% from 2022

Annual return

12.15%

+24.53 pp from 2022

Benchmarks

See 9,806 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,806 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.62M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$377K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+5.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$439785

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2G

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$22054 / participant

Other / not subdivided$1M100.0%

% of EOY assets

13.396%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$152,874

$57,330+166.7%

$86,656+76.4%

$75,177+103.4%

Participation rate

90.8%

63.2%+27.6pp

71.7%+19.1pp

67.2%+23.6pp

Annual return

12.15%

2675.40%-2663.2pp

593.09%-580.9pp

160.75%-148.6pp

Employer contribution / active EE

$12,338

$2,316+432.7%

$3,025+307.8%

$2,671+361.9%

Participant deferral / active EE

$3,320-100.0%

$4,439-100.0%

$4,126-100.0%

Admin fee / account holder

$20,479

$4,115+397.7%

$5,619+264.5%

$5,651+262.4%

RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108 & ASSOC UNION PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RACINE PAINTERS & ALLIED TRADES UNION LOCAL 108 & ASSOC UNION PENSION 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