Retirement plan

UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN

Name: TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONT - UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN (2016) Form 5500
Creator: TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN, TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONT

TRUSTEES OF UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEF CONTEIN 41-1930820Plan #001PY 2016

3001 METRO DRIVE, SUITE 500 - BLOOMINGTON, MN 554251617952-854-0795LinkedIn5001-10000 employeesinsurance

Prospect flagsLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$108.2M

+9.2% from 2015

Total participants

6,522

+6.7% from 2015

Average account balance

$17,737

+7.0% from 2015

Annual return

7.16%

+6.45 pp from 2015

Benchmarks

See 85 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort85 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$226.40M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

7,478

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

$8.74M

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

+13.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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 6 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2+ years Filed as: MILLIMAN, INC Service code 15 · EIN 91-0675641	Recordkeeping	$312,778
DIMEO SCHNEIDER & ASSOCIATES LLC2+ years Filed as: DIMEO SCHNEIDER AND ASSOCIATES LLC Service code 26 · EIN 36-4001764	Advisory (Participants)	$43,875
MATRIX TRUST COMPANY2+ years Filed as: MA TRUST COMPANY D/B/A MATRIX TRUST Service code 19 · EIN 75-3182674	Securities Custodian	$29,631
LEGACY PROFESSIONALS LLP2+ years Service code 10 · EIN 32-0043599	Accounting	$15,750
MCGRANN SHEA CARNIVAL STRAUGHN & LA2+ years Filed as: MCGRANN SHEA CARNIVAL STRAUGHN LAMB Service code 29 · EIN 45-1654544	Legal	$13,447
WILSON-MCSHANE CORPORATION2+ years Service code 10 · EIN 41-0956552	Accounting	$12,000

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.

Opportunity flags

3 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.
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

$459K

$73 / participant

Investment mgmt$74K16.0%
Contract admin$325K70.7%
Other / not subdivided$61K13.3%

% of EOY assets

0.425%

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

$17,737

$82,683-78.5%

$133,975-86.8%

$65,292-72.8%

Participation rate

93.3%

87.3%+6.0pp

87.1%+6.3pp

72.4%+20.9pp

Annual return

7.16%

9.63%-2.5pp

29.29%-22.1pp

11.84%-4.7pp

Employer contribution / active EE

$706

$3,583-80.3%

$5,211-86.5%

$2,302-69.3%

Participant deferral / active EE

$379

$5,190-92.7%

$6,282-94.0%

$3,579-89.4%

Admin fee / account holder

$75

$66+14.6%

$9,324-99.2%

$57+31.3%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Filed as: MILLIMAN, INC

Service code 15 · EIN 91-0675641

Recordkeeping

$312,778

DIMEO SCHNEIDER & ASSOCIATES LLC2+ years

Filed as: DIMEO SCHNEIDER AND ASSOCIATES LLC

Service code 26 · EIN 36-4001764

Advisory (Participants)

$43,875

MATRIX TRUST COMPANY2+ years

Filed as: MA TRUST COMPANY D/B/A MATRIX TRUST

Service code 19 · EIN 75-3182674

Securities Custodian

$29,631

LEGACY PROFESSIONALS LLP2+ years

Service code 10 · EIN 32-0043599

Accounting

$15,750

MCGRANN SHEA CARNIVAL STRAUGHN & LA2+ years

Filed as: MCGRANN SHEA CARNIVAL STRAUGHN LAMB

Service code 29 · EIN 45-1654544

Legal

$13,447

WILSON-MCSHANE CORPORATION2+ years

Service code 10 · EIN 41-0956552

Accounting

$12,000

UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UFCW LOCAL UNION 1189 AND ST. PAUL FOOD EMPLOYERS DEFINED CONTRIBUTION 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