Retirement plan

UNITED BUSINESS MAIL 401(K) PLAN AND TRUST

Name: UNITED BUSINESS MAIL - UNITED BUSINESS MAIL 401(K) PLAN AND TRUST (2020) Form 5500
Creator: UNITED BUSINESS MAIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED BUSINESS MAIL 401(K) PLAN AND TRUST, UNITED BUSINESS MAIL

UNITED BUSINESS MAILEIN 41-1575336Plan #001PY 2020

405 35TH AVENUE NE - MINNEAPOLIS, MN 55418612-782-2044

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed October 22, 2020

Plan administrator

Plan administrator name— Sign in and upgrade to view

405 35th Ave NE

Minneapolis, MN 55418

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

United Business Mail, Inc. Executive Deferred Compensation Plan5 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$4.5M

+22.9% from 2019

Total participants

284

-11.8% from 2019

Average account balance

$27,808

+64.8% from 2019

Annual return

15.90%

-3.63 pp from 2019

Benchmarks

See 1,065 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,065 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.14M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

31.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$549K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3296

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

Top 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 15 · EIN 27-2037969	Recordkeeping	$22,454
LPL FINANCIAL3 years Service code 26 · EIN 04-3046611	Advisory (Participants)	$14,251

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$37K

$209 / participant

Investment mgmt$14K38.8%
Contract admin$22K61.2%

% of EOY assets

0.820%

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: FROEHLING ANDERSON
Auditor EIN: 412094554
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,808

$43,133-35.5%

$89,435-68.9%

$73,497-62.2%

Participation rate

30.1%

55.0%-24.8pp

68.0%-37.9pp

70.7%-40.6pp

Annual return

15.90%

135.66%-119.8pp

245.55%-229.7pp

28.51%-12.6pp

Employer contribution / active EE

$1,006

$1,438-30.1%

$2,587-61.1%

$2,270-55.7%

Participant deferral / active EE

$1,730

$2,445-29.2%

$3,890-55.5%

$3,740-53.7%

Admin fee / account holder

$228

$444-48.6%

$4,884-95.3%

$513-55.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 27-2037969

Recordkeeping

$22,454

LPL FINANCIAL3 years

Service code 26 · EIN 04-3046611

Advisory (Participants)

$14,251

UNITED BUSINESS MAIL 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED BUSINESS MAIL 401(K) PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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