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 (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

0.0% from 2021

Total participants

0.0% from 2021

Average account balance

$28,093

0.0% from 2021

Annual return

-12.17%

0.00 pp from 2021

Benchmarks

See 9,363 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,363 peers

Snapshot2022

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

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

$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

$54,355-48.3%

$82,744-66.0%

$68,486-59.0%

Participation rate

91.5%

63.9%+27.6pp

72.6%+18.9pp

67.9%+23.6pp

Annual return

-12.17%

-13.67%+1.5pp

702.22%-714.4pp

-7.85%-4.3pp

Employer contribution / active EE

$7,649

$2,219+244.8%

$3,008+154.3%

$2,597+194.6%

Participant deferral / active EE

$3,246-100.0%

$4,395-100.0%

$4,028-100.0%

Admin fee / account holder

$9,129

$4,397+107.6%

$5,325+71.5%

$5,404+68.9%

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