Retirement plan

MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE PENSION PLAN

Name: INTERNATIONAL ASSOC. OF HEAT & FROST INSULATORS AND ALLIED WORKER - MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE PENSION PLAN (2024) Form 5500
Creator: INTERNATIONAL ASSOC. OF HEAT & FROST INSULATORS AND ALLIED WORKER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE PENSION PLAN, INTERNATIONAL ASSOC. OF HEAT & FROST INSULATORS AND ALLIED WORKER

INTERNATIONAL ASSOC. OF HEAT & FROST INSULATORS AND ALLIED WORKEREIN 43-6097340Plan #002PY 2024

2644 E VERONA - SPRINGFIELD, MO 65804417-886-4166

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+41.6% from 2023

Total participants

+9.8% from 2023

Average account balance

$30,661

+25.8% from 2023

Annual return

18.83%

+20.26 pp from 2023

Benchmarks

See 10,646 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort10,646 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.66M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$419K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+18.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2936

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 codes2C2F2G

Plan features

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

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$159K

$2936 / participant

Other / not subdivided$159K100.0%

% of EOY assets

9.577%

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

$30,661

$58,311-47.4%

$81,882-62.6%

$80,959-62.1%

Participation rate

96.3%

63.5%+32.8pp

72.4%+23.9pp

67.7%+28.6pp

Annual return

18.83%

41.85%-23.0pp

779.47%-760.6pp

35.67%-16.8pp

Employer contribution / active EE

$7,768

$2,347+231.0%

$2,916+166.4%

$2,757+181.7%

Participant deferral / active EE

$3,287-100.0%

$4,323-100.0%

$4,300-100.0%

Admin fee / account holder

$2,936

$4,752-38.2%

$7,360-60.1%

$6,925-57.6%

MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE 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