Retirement plan

MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION FUND

Name: TRUSTEES OF MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION - MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION FUND (2020) Form 5500
Creator: TRUSTEES OF MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION FUND, TRUSTEES OF MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION

TRUSTEES OF MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSIONEIN 41-0905139Plan #001PY 2020

3001 METRO DRIVE, SUITE 500 - BLOOMINGTON, MN 554251617952-854-0795

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$642.1M

-17.7% from 2017

Total participants

15,530

+4.9% from 2017

Average account balance

No prior year

Annual return

3.10%

-30.41 pp from 2017

Benchmarks

See 31 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined benefit

Participants1,000-4,999

Cohort31 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$678.76M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

12,068

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

$14.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.78%

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 10 of 17 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC5+ years Service code 27 · EIN 13-3200244	Advisory (Plan)	$407,324
WILSON-MCSHANE CORPORATION5+ years Service code 10 · EIN 41-0956552	Accounting	$344,134
INTERCONTINENTAL REAL ESTATE CORP5+ years Service code 28 · EIN 11-3786306	Investment Management	$303,444
BOSTON PARTNERS5+ years Service code 28 · EIN 98-0202744	Investment Management	$269,508
ANCHOR CAPITAL ADVISORS LLC5+ years Service code 28 · EIN 20-4669888	Investment Management	$157,629
LOOMIS SAYLES5+ years Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 20-8080381	Investment Management	$123,530
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$122,696
BOSTON TRUST WALDEN COMPANY1 year Service code 28 · EIN 04-2273811	Investment Management	$107,244
LORD ABBETT5+ years Filed as: LORD, ABBETT & CO. LLC Service code 28 · EIN 13-5620131	Investment Management	$105,829
KUTAK ROCK LLP3 years Filed as: KUTAK ROCK Service code 29 · EIN 47-0597598	Legal	$102,144

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B1I

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$3.3M

$948 / participant

Investment mgmt$2M64.3%
Contract admin$338K10.2%
Other / not subdivided$842K25.5%

% of EOY assets

0.514%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LEGACY PROFESSIONALS LLP
Auditor EIN: 320043599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$161,673-100.0%

Participation rate

0.0%

0.0%0pp

41.7%-41.7pp

0.0%0pp

Annual return

3.10%

9.42%-6.3pp

9.65%-6.6pp

12.86%-9.8pp

Employer contribution / active EE

$3,547

$3,243+9.4%

$27,458-87.1%

$13,687-74.1%

Participant deferral / active EE

$33-100.0%

$833-100.0%

Admin fee / account holder

$23,561-100.0%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC5+ years

Service code 27 · EIN 13-3200244

Advisory (Plan)

$407,324

WILSON-MCSHANE CORPORATION5+ years

Service code 10 · EIN 41-0956552

Accounting

$344,134

INTERCONTINENTAL REAL ESTATE CORP5+ years

Service code 28 · EIN 11-3786306

Investment Management

$303,444

BOSTON PARTNERS5+ years

Service code 28 · EIN 98-0202744

Investment Management

$269,508

ANCHOR CAPITAL ADVISORS LLC5+ years

Service code 28 · EIN 20-4669888

Investment Management

$157,629

LOOMIS SAYLES5+ years

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 20-8080381

Investment Management

$123,530

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$122,696

BOSTON TRUST WALDEN COMPANY1 year

Service code 28 · EIN 04-2273811

Investment Management

$107,244

LORD ABBETT5+ years

Filed as: LORD, ABBETT & CO. LLC

Service code 28 · EIN 13-5620131

Investment Management

$105,829

KUTAK ROCK LLP3 years

Filed as: KUTAK ROCK

Service code 29 · EIN 47-0597598

Legal

$102,144

MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MINNEAPOLIS RETAIL MEAT CUTTERS AND FOOD HANDLERS PENSION FUND

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