Retirement plan

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

Name: MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PEN - MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS PENSION TRUST (2023) Form 5500
Creator: MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS PENSION TRUST, MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PEN

MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS ALLIED INDUSTRY PENEIN 43-6160912Plan #001PY 2023

502 EARTH CITY EXPRESSWAY SUITE 203 - EARTH CITY, MO 63045314-344-8899LinkedIn1-10 employeesinsurance

Prospect flagsHigh retiree %Wind-down / frozen

How to read this page

Total assets (EOY)

$35.5M

-4.9% from 2022

Total participants

1,197

-0.8% from 2022

Average account balance

No prior year

Annual return

3.81%

+14.02 pp from 2022

Benchmarks

See 91 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Cohort91 peers

Snapshot2023

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 7 by compensation

Provider	Service type	Compensation
ZENITH AMERICAN SOLUTIONS1 year Service code 15 · EIN 52-1590516	Recordkeeping	$83,908
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$42,119
REINHART BOERNER VAN DEUREN S.C.1 year Filed as: REINHART, BOERNER, & VAN DEUREN Service code 29 · EIN 31-1126909	Legal	$39,103
MILLIMAN, INC.1 year Filed as: MILLIMAN Service code 11 · EIN 91-0675641	Actuarial	$30,130
EARNEST PARTNERS, LLC1 year Service code 26 · EIN 58-2386669	Advisory (Participants)	$29,348
RSM US LLP8+ years Service code 10 · EIN 42-0714325	Accounting	$21,270
THE BANK OF NEW YORK MELLON1 year Filed as: U.S. BANK Service code 19 · EIN 31-0841368	Securities Custodian	$10,395

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

$332K

Investment mgmt$82K24.9%
Other / not subdivided$249K75.1%

% of EOY assets

0.933%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ANDERS MINKLER HUBER HELM LLP
Auditor EIN: 430831507
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,373-100.0%

$422,209-100.0%

Participation rate

0.0%

0.0%0pp

23.3%-23.3pp

Annual return

3.81%

93.58%-89.8pp

12.68%-8.9pp

Employer contribution / active EE

$22,052-100.0%

$41,595-100.0%

Participant deferral / active EE

$96-100.0%

Admin fee / account holder

$3,060-100.0%

$10,609-100.0%

Provider

Service type

Compensation

ZENITH AMERICAN SOLUTIONS1 year

Service code 15 · EIN 52-1590516

Recordkeeping

$83,908

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$42,119

REINHART BOERNER VAN DEUREN S.C.1 year

Filed as: REINHART, BOERNER, & VAN DEUREN

Service code 29 · EIN 31-1126909

Legal

$39,103

MILLIMAN, INC.1 year

Filed as: MILLIMAN

Service code 11 · EIN 91-0675641

Actuarial

$30,130

EARNEST PARTNERS, LLC1 year

Service code 26 · EIN 58-2386669

Advisory (Participants)

$29,348

RSM US LLP8+ years

Service code 10 · EIN 42-0714325

Accounting

$21,270

THE BANK OF NEW YORK MELLON1 year

Filed as: U.S. BANK

Service code 19 · EIN 31-0841368

Securities Custodian

$10,395

MEAT CUTTERS UNION LOCAL NO. 88 AND FOOD EMPLOYERS 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 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