Retirement plan

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

Name: MEATCUTTERS' UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY - MEAT CUTTERS' UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENSION TRUST (2022) Form 5500
Creator: MEATCUTTERS' UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY
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, MEATCUTTERS' UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY

MEATCUTTERS' UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRYEIN 43-6160912Plan #001PY 2022

502 EARTH CITY EXPRESSWAY SUITE 203 - EARTH CITY, MO 630451315314-344-8899LinkedIn1-10 employeesinsurance

Prospect flagsHigh retiree %Wind-down / frozen

How to read this page

Total assets (EOY)

$37.4M

-17.5% from 2021

Total participants

1,207

-3.3% from 2021

Average account balance

No prior year

Annual return

-10.20%

-37.44 pp from 2021

Benchmarks

See 3,194 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants<25

Cohort3,194 peers

Snapshot2022

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 8 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS1 year Filed as: ZENITH AMERICAN ADMINISTRATORS Service code 15 · EIN 52-1590516	Recordkeeping	$78,000
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$55,000
RSM US LLP7+ years Service code 10 · EIN 42-0714325	Accounting	$45,000
EARNEST PARTNERS, LLC7+ years Filed as: EARNEST PARTNERS Service code 28 · EIN 58-2386669	Investment Management	$28,952
MILLIMAN, INC.7+ years Filed as: MILLIMAN USA, INC Service code 11 · EIN 91-0675641	Actuarial	$25,666
REINHART BOERNER VAN DEUREN S.C.7+ years Filed as: REINHART, BOERNER, ET AL Service code 29 · EIN 31-1126909	Legal	$18,993
US BANK7+ years Service code 19 · EIN 31-0841368	Securities Custodian	$12,787
INVESCO2 years Filed as: INVESCO TRUST COMPANY Service code 28 · EIN 46-3793325	Investment Management	$12,653

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

$353K

Investment mgmt$57K16.0%
Contract admin$78K22.1%
Other / not subdivided$218K61.9%

% of EOY assets

0.945%

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

$827,797-100.0%

$788,447-100.0%

$350,051-100.0%

Participation rate

0.0%

45.1%-45.1pp

21.4%-21.4pp

44.5%-44.5pp

Annual return

-10.20%

-4.32%-5.9pp

-3.21%-7.0pp

-14.65%+4.4pp

Employer contribution / active EE

$53,412-100.0%

$46,051-100.0%

$46,321-100.0%

Participant deferral / active EE

$28-100.0%

$31-100.0%

$60-100.0%

Admin fee / account holder

$50,219-100.0%

$46,258-100.0%

$14,582-100.0%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS1 year

Filed as: ZENITH AMERICAN ADMINISTRATORS

Service code 15 · EIN 52-1590516

Recordkeeping

$78,000

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$55,000

RSM US LLP7+ years

Service code 10 · EIN 42-0714325

Accounting

$45,000

EARNEST PARTNERS, LLC7+ years

Filed as: EARNEST PARTNERS

Service code 28 · EIN 58-2386669

Investment Management

$28,952

MILLIMAN, INC.7+ years

Filed as: MILLIMAN USA, INC

Service code 11 · EIN 91-0675641

Actuarial

$25,666

REINHART BOERNER VAN DEUREN S.C.7+ years

Filed as: REINHART, BOERNER, ET AL

Service code 29 · EIN 31-1126909

Legal

$18,993

US BANK7+ years

Service code 19 · EIN 31-0841368

Securities Custodian

$12,787

INVESCO2 years

Filed as: INVESCO TRUST COMPANY

Service code 28 · EIN 46-3793325

Investment Management

$12,653

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