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 (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

-9.5% from 2022

Total participants

+2.0% from 2022

Average account balance

$24,367

-13.3% from 2022

Annual return

-1.44%

+10.74 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

$497K

$10361 / participant

Other / not subdivided$497K100.0%

% of EOY assets

42.519%

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

$24,367

$57,305-57.5%

$86,640-71.9%

$75,173-67.6%

Participation rate

93.8%

63.2%+30.5pp

71.7%+22.0pp

67.2%+26.5pp

Annual return

-1.44%

2674.24%-2675.7pp

592.52%-594.0pp

160.72%-162.2pp

Employer contribution / active EE

$8,100

$2,316+249.7%

$3,024+167.8%

$2,671+203.3%

Participant deferral / active EE

$3,320-100.0%

$4,438-100.0%

$4,126-100.0%

Admin fee / account holder

$10,361

$4,116+151.7%

$5,616+84.5%

$5,651+83.4%

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