Retirement plan

U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND

Name: TRUSTEES OF U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND - U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND (2024) Form 5500
Creator: TRUSTEES OF U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND, TRUSTEES OF U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND

TRUSTEES OF U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUNDEIN 43-6049855Plan #001PY 2024

2010 N.W. 150TH AVENUE, SUITE 200 - PEMBROKE PINES, FL 33028954-266-6322

Prospect flagsHigh retiree %Low employer contribution

How to read this page

Total assets (EOY)

$46.7M

-12.2% from 2023

Total participants

5,484

-1.1% from 2023

Average account balance

No prior year

Annual return

13.41%

+6.53 pp from 2023

Benchmarks

See 56 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined benefit

Participants250-999

Cohort56 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$46.75M

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

5,016

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

$998K

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

+13.41%

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 by compensation

Provider	Service type	Compensation
NAT'L ELEV IND PENSION PLAN5 years Filed as: NAT'L EMPLOYEE BENEFITS ADMIN, INC. Service code 13 · EIN 65-0498809	Contract Administrator	$414,745
MILLIMAN, INC.7 years Service code 11 · EIN 91-0675641	Actuarial	$155,303
STRATEGIC CAPITAL INVESTMENT ADVISO9+ years Service code 27 · EIN 36-4268991	Advisory (Plan)	$100,000
SLEVIN & HART, P.C.6 years Filed as: SLEVIN & HART PC Service code 29 · EIN 52-1708613	Legal	$85,631
LEGACY PROFESSIONALS LLP8 years Service code 10 · EIN 32-0043599	Accounting	$55,884
NATIONAL INVESTMENT SERVICES5 years Filed as: NATIONAL INVESTMENT SERVICES, LLC Service code 28 · EIN 84-3937993	Investment Management	$55,469
COMMERCE BANK9+ years Service code 18 · EIN 48-0962626	Custodial (other than securities); In...	$37,890
SPENCER FANE LLP9+ years Filed as: SPENCER FANE, LLP Service code 29 · EIN 44-0561981	Legal	$19,955
TOP DRAWER, INC.7 years Service code 36 · EIN 59-1550960	Other services; Copying and duplicating	$10,908
THE SEGAL COMPANY2 years Filed as: SEGAL SELECT INSURANCE SERVICES INC Service code 53 · EIN 46-0619194	Insurance Commissions	$0

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1A

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant 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

$1.2M

$2535 / participant

Recordkeeping$23K1.9%
Trustee / custodial$16K1.3%
Investment mgmt$181K15.2%
Legal$106K8.9%
Actuarial$155K13.1%
Contract admin$398K33.6%
Other / not subdivided$308K25.9%

% of EOY assets

2.537%

all-in expense ratio

Categories reported

6 / 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: $32,831
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,914-100.0%

Participation rate

0.0%

0.0%0pp

9.1%-9.1pp

0.0%0pp

Annual return

13.41%

5.54%+7.9pp

8.92%+4.5pp

8.76%+4.6pp

Employer contribution / active EE

$2,133

$6,639-67.9%

$24,457-91.3%

$16,650-87.2%

Participant deferral / active EE

$467-100.0%

$14-100.0%

$948-100.0%

Admin fee / account holder

$692-100.0%

Provider

Service type

Compensation

NAT'L ELEV IND PENSION PLAN5 years

Filed as: NAT'L EMPLOYEE BENEFITS ADMIN, INC.

Service code 13 · EIN 65-0498809

Contract Administrator

$414,745

MILLIMAN, INC.7 years

Service code 11 · EIN 91-0675641

Actuarial

$155,303

STRATEGIC CAPITAL INVESTMENT ADVISO9+ years

Service code 27 · EIN 36-4268991

Advisory (Plan)

$100,000

SLEVIN & HART, P.C.6 years

Filed as: SLEVIN & HART PC

Service code 29 · EIN 52-1708613

Legal

$85,631

LEGACY PROFESSIONALS LLP8 years

Service code 10 · EIN 32-0043599

Accounting

$55,884

NATIONAL INVESTMENT SERVICES5 years

Filed as: NATIONAL INVESTMENT SERVICES, LLC

Service code 28 · EIN 84-3937993

Investment Management

$55,469

COMMERCE BANK9+ years

Service code 18 · EIN 48-0962626

Custodial (other than securities); In...

$37,890

SPENCER FANE LLP9+ years

Filed as: SPENCER FANE, LLP

Service code 29 · EIN 44-0561981

Legal

$19,955

TOP DRAWER, INC.7 years

Service code 36 · EIN 59-1550960

Other services; Copying and duplicating

$10,908

THE SEGAL COMPANY2 years

Filed as: SEGAL SELECT INSURANCE SERVICES INC

Service code 53 · EIN 46-0619194

Insurance Commissions

U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.F.C.W. DISTRICT UNION LOCAL TWO & EMPLOYERS 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