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 (2017) 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 2017

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2M

+18.4% from 2016

Total participants

-13.3% from 2016

Average account balance

$50,045

+36.6% from 2016

Annual return

9.56%

+9.08 pp from 2016

Benchmarks

See 7,912 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,912 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$544K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8203

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$160K

$4106 / participant

Other / not subdivided$160K100.0%

% of EOY assets

8.205%

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

$50,045

$53,128-5.8%

$86,582-42.2%

$70,126-28.6%

Participation rate

100.0%

65.3%+34.7pp

73.5%+26.5pp

69.5%+30.5pp

Annual return

9.56%

27.66%-18.1pp

965.08%-955.5pp

73.15%-63.6pp

Employer contribution / active EE

$7,519

$2,068+263.6%

$2,839+164.8%

$2,343+221.0%

Participant deferral / active EE

$2,695-100.0%

$3,609-100.0%

$3,332-100.0%

Admin fee / account holder

$4,106

$3,584+14.6%

$4,904-16.3%

$4,645-11.6%

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