Retirement plan

MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE PENSION PLAN

Name: INTERNATIONAL ASSOC. OF HEAT AND FROST INSULATORS & ALLIED WORKERS - MIDWEST ASBESTOS WORKERS, LOCAL 63 - MONEY PURCHASE PENSION PLAN (2021) Form 5500
Creator: INTERNATIONAL ASSOC. OF HEAT AND FROST INSULATORS & ALLIED WORKERS
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 AND FROST INSULATORS & ALLIED WORKERS

INTERNATIONAL ASSOC. OF HEAT AND FROST INSULATORS & ALLIED WORKERSEIN 43-6097340Plan #002PY 2021

2644 E VERONA ST - SPRINGFIELD, MO 658041900417-886-4166

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+0.9% from 2020

Total participants

+6.4% from 2020

Average account balance

$28,093

+3.1% from 2020

Annual return

-12.17%

-17.77 pp from 2020

Benchmarks

See 8,923 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort8,923 peers

Snapshot2021

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

$420K

$8935 / participant

Other / not subdivided$420K100.0%

% of EOY assets

32.497%

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

$28,093

$65,423-57.1%

$98,477-71.5%

$85,856-67.3%

Participation rate

91.5%

65.0%+26.5pp

73.3%+18.1pp

69.3%+22.2pp

Annual return

-12.17%

21.76%-33.9pp

1493.59%-1505.8pp

318.58%-330.8pp

Employer contribution / active EE

$7,649

$2,168+252.8%

$2,961+158.3%

$2,565+198.2%

Participant deferral / active EE

$3,167-100.0%

$4,276-100.0%

$3,952-100.0%

Admin fee / account holder

$9,129

$4,594+98.7%

$5,951+53.4%

$6,261+45.8%

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