Retirement plan

MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENSION TRUST

Name: MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PE - MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENSION TRUST (2018) Form 5500
Creator: MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENSION TRUST, MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PE

MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PEEIN 43-6160912Plan #001PY 2018

502 EARTH CITY EXPRESSWAY SUITE 20 - EARTH CITY, MO 630451315314-344-8899LinkedIn1-10 employeesinsurance

Prospect flagsHigh retiree %Wind-down / frozen

How to read this page

Total assets (EOY)

$42M

-1.3% from 2017

Total participants

1,456

+0.8% from 2017

Average account balance

No prior year

Annual return

7.54%

-3.59 pp from 2017

Benchmarks

See 148 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Cohort148 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.71M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

1,122

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+2.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 9 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS3+ years Filed as: ZENITH ADMINISTRATOR Service code 15 · EIN 52-1590516 502 EARTH CITY EXPRESSWAY · EARTH CITY, MO 63045	Recordkeeping	$78,000
MARCO CONSULTING GROUP3+ years Service code 27 · EIN 36-3555078	Advisory (Plan)	$57,028
EARNEST PARTNERS, LLC3+ years Filed as: EARNEST PARTNERS Service code 28 · EIN 58-2386669 1180 PEACHTREE STREET NE · ALTANTA, GA 30309	Investment Management	$38,813
REINHART BOERNER VAN DEUREN S.C.3+ years Filed as: REINHART, BOERNER, ET AL Service code 29 · EIN 31-1126909 1000 NORTH WATER ST · MILWAUKEE, WI 53202	Legal	$34,998
RSM US LLP3+ years Service code 10 · EIN 42-0714325 8182 MARYLAND AVE STE 900 · ST LOUIS, MO 63105	Accounting	$25,800
PICTET ASSET MANAGEMENT3+ years Service code 28 · EIN 41-2119744	Investment Management	$23,558
MILLIMAN, INC.3+ years Filed as: MILLIMAN USA, INC Service code 11 · EIN 91-0675641 501 NORTH BROADWAY SUITE 560 · ST LOUIS, MO 63102	Actuarial	$20,126
US BANK3+ years Service code 19 · EIN 31-0841368 P.O. BOX 387 · ST LOUIS, MO 63166	Securities Custodian	$11,748
INVESCO3+ years Filed as: INVESCO NATIONAL TRUST COMPANY Service code 28 · EIN 84-0591534	Investment Management	$11,324

Plan features & details

Pension benefit codes1B1I

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

Opportunity flags

2 tripped

InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$359K

Investment mgmt$119K33.3%
Contract admin$78K21.7%
Other / not subdivided$162K45.0%

% of EOY assets

0.855%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$360,335-100.0%

$379,314-100.0%

Participation rate

0.0%

0.0%0pp

17.4%-17.4pp

Annual return

7.54%

25.06%-17.5pp

-2.18%+9.7pp

Employer contribution / active EE

$22,783-100.0%

$38,751-100.0%

Participant deferral / active EE

$151-100.0%

Admin fee / account holder

$10,090-100.0%

$4,180-100.0%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS3+ years

Filed as: ZENITH ADMINISTRATOR

Service code 15 · EIN 52-1590516

502 EARTH CITY EXPRESSWAY · EARTH CITY, MO 63045

Recordkeeping

$78,000

MARCO CONSULTING GROUP3+ years

Service code 27 · EIN 36-3555078

Advisory (Plan)

$57,028

EARNEST PARTNERS, LLC3+ years

Filed as: EARNEST PARTNERS

Service code 28 · EIN 58-2386669

1180 PEACHTREE STREET NE · ALTANTA, GA 30309

Investment Management

$38,813

REINHART BOERNER VAN DEUREN S.C.3+ years

Filed as: REINHART, BOERNER, ET AL

Service code 29 · EIN 31-1126909

1000 NORTH WATER ST · MILWAUKEE, WI 53202

Legal

$34,998

RSM US LLP3+ years

Service code 10 · EIN 42-0714325

8182 MARYLAND AVE STE 900 · ST LOUIS, MO 63105

Accounting

$25,800

PICTET ASSET MANAGEMENT3+ years

Service code 28 · EIN 41-2119744

Investment Management

$23,558

MILLIMAN, INC.3+ years

Filed as: MILLIMAN USA, INC

Service code 11 · EIN 91-0675641

501 NORTH BROADWAY SUITE 560 · ST LOUIS, MO 63102

Actuarial

$20,126

US BANK3+ years

Service code 19 · EIN 31-0841368

P.O. BOX 387 · ST LOUIS, MO 63166

Securities Custodian

$11,748

INVESCO3+ years

Filed as: INVESCO NATIONAL TRUST COMPANY

Service code 28 · EIN 84-0591534

Investment Management

$11,324

MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENSION TRUST

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