Retirement plan

IAM DISTRICT LODGE 142 401(K) PLAN

Name: IAM DISTRICT LODGE 142 - IAM DISTRICT LODGE 142 401(K) PLAN (2023) Form 5500
Creator: IAM DISTRICT LODGE 142
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IAM DISTRICT LODGE 142 401(K) PLAN, IAM DISTRICT LODGE 142

IAM DISTRICT LODGE 142EIN 44-0520394Plan #002PY 2023

9633 S 48TH STREET, SUITE 100 - PHOENIX, AZ 85044816-452-6646

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$592K

+78.0% from 2022

Total participants

+22.7% from 2022

Average account balance

$34,814

+36.1% from 2022

Annual return

18.28%

+36.66 pp from 2022

Benchmarks

See 9,381 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,381 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$874K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

64.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$215K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$525

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 codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$34,814

$85,060-59.1%

$70,565-50.7%

$139,487-75.0%

Participation rate

58.3%

73.9%-15.6pp

68.4%-10.0pp

80.3%-22.0pp

Annual return

18.28%

30.39%-12.1pp

32.79%-14.5pp

373.84%-355.6pp

Employer contribution / active EE

$3,912-100.0%

$2,976-100.0%

$4,755-100.0%

Participant deferral / active EE

$8,274

$5,891+40.4%

$4,568+81.1%

$6,713+23.3%

Admin fee / account holder

$8,932-100.0%

$6,430-100.0%

$11,407-100.0%

IAM DISTRICT LODGE 142 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

IAM DISTRICT LODGE 142 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion