Retirement plan

UNITE HERE! WORKERS AND HOSPITALITY EMPLOYERS VDB PENSION TRUST

Name: BOARD OF TRUSTEE UNITE HERE! WORKERS - UNITE HERE! WORKERS AND HOSPITALITY EMPLOYERS VDB PENSION TRUST (2023) Form 5500
Creator: BOARD OF TRUSTEE UNITE HERE! WORKERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITE HERE! WORKERS AND HOSPITALITY EMPLOYERS VDB PENSION TRUST, BOARD OF TRUSTEE UNITE HERE! WORKERS

BOARD OF TRUSTEE UNITE HERE! WORKERSdba AND HOSPITALITY EMPLOYERS TRUSTEIN 45-4227067Plan #026PY 2023

145 TREMONT STREET, 6TH FLOOR - BOSTON, MA 021110000617-451-0318

Prospect flagsHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$136.5M

+24.7% from 2022

Total participants

6,063

+14.2% from 2022

Average account balance

No prior year

Annual return

11.24%

+21.58 pp from 2022

Benchmarks

See 831 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants1,000-4,999

Cohort831 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$169.07M

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

1,406

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+8.29%

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

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Service providers

Top 10 of 14 by compensation

Provider	Service type	Compensation
WILMINGTON TRUST2 years Service code 19 1100 NORTH MARKET STREET · WILMINGTON, DE 19890	Securities Custodian	$330,514
CHEIRON9+ years Service code 11 · EIN 13-4215617	Actuarial	$137,113
EMPLOYEE FIDUCIARY, LLC9+ years Filed as: EMPLOYEE A Service code 30 · EIN 45-4227067	Direct payment from the plan; Employe...	$133,164
JEFFREY SLOCUM & ASSOCIATES5 years Filed as: JEFFREY H. LERER ESQ Service code 23 155 SEAPORT BLVD · BOSTON, MA 02110	Insurance services; Direct payment fr...	$74,430
MCCRACKEN, STEMERMAN & HOLSBERRY7 years Filed as: MCCRACKEN, STEMERMAN & HOLSBERRY,LL Service code 23 · EIN 94-1709555	Insurance services; Direct payment fr...	$74,095
EMPLOYEE FIDUCIARY, LLC9+ years Filed as: EMPLOYEE B Service code 30 · EIN 45-4227067	Direct payment from the plan; Employe...	$56,265
MANZI & ASSOCIATES, LLC9+ years Filed as: MANZI & ASSOCIATES LLC Service code 10 · EIN 04-3508036	Accounting	$40,380
EMPLOYEE FIDUCIARY, LLC9+ years Filed as: EMPLOYEE C Service code 30 · EIN 45-4227067	Employee (plan); Direct payment from ...	$36,824
EMPLOYEE FIDUCIARY, LLC9+ years Filed as: EMPLOYEE D Service code 30 · EIN 45-4227067	Employee (plan); Direct payment from ...	$23,688
TAYLOR SECURITIES9+ years Filed as: TAYLOR ENTERPRISES Service code 15 7305 ONATE CT NE · ALBUQUERQUE, NM 87109	Recordkeeping	$15,741

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$295 / participant

Investment mgmt$331K23.5%
Actuarial$137K9.8%
Other / not subdivided$938K66.7%

% of EOY assets

1.030%

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: MANZI & ASSOCIATES LLC
Auditor EIN: 043508036
Audit fees: $23,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,363-100.0%

$343,293-100.0%

$13,363-100.0%

Participation rate

0.0%

2.2%-2.2pp

0.0%0pp

2.2%-2.2pp

Annual return

11.24%

9.11%+2.1pp

16.99%-5.8pp

9.11%+2.1pp

Employer contribution / active EE

$3,607

$12,231-70.5%

$26,485-86.4%

$12,231-70.5%

Participant deferral / active EE

$1,272-100.0%

$8-100.0%

$1,272-100.0%

Admin fee / account holder

$125-100.0%

Provider

Service type

Compensation

WILMINGTON TRUST2 years

Service code 19

1100 NORTH MARKET STREET · WILMINGTON, DE 19890

Securities Custodian

$330,514

CHEIRON9+ years

Service code 11 · EIN 13-4215617

Actuarial

$137,113

EMPLOYEE FIDUCIARY, LLC9+ years

Filed as: EMPLOYEE A

Service code 30 · EIN 45-4227067

Direct payment from the plan; Employe...

$133,164

JEFFREY SLOCUM & ASSOCIATES5 years

Filed as: JEFFREY H. LERER ESQ

Service code 23

155 SEAPORT BLVD · BOSTON, MA 02110

Insurance services; Direct payment fr...

$74,430

MCCRACKEN, STEMERMAN & HOLSBERRY7 years

Filed as: MCCRACKEN, STEMERMAN & HOLSBERRY,LL

Service code 23 · EIN 94-1709555

Insurance services; Direct payment fr...

$74,095

EMPLOYEE FIDUCIARY, LLC9+ years

Filed as: EMPLOYEE B

Service code 30 · EIN 45-4227067

Direct payment from the plan; Employe...

$56,265

MANZI & ASSOCIATES, LLC9+ years

Filed as: MANZI & ASSOCIATES LLC

Service code 10 · EIN 04-3508036

Accounting

$40,380

EMPLOYEE FIDUCIARY, LLC9+ years

Filed as: EMPLOYEE C

Service code 30 · EIN 45-4227067

Employee (plan); Direct payment from ...

$36,824

EMPLOYEE FIDUCIARY, LLC9+ years

Filed as: EMPLOYEE D

Service code 30 · EIN 45-4227067

Employee (plan); Direct payment from ...

$23,688

TAYLOR SECURITIES9+ years

Filed as: TAYLOR ENTERPRISES

Service code 15

7305 ONATE CT NE · ALBUQUERQUE, NM 87109

Recordkeeping

$15,741

UNITE HERE! WORKERS AND HOSPITALITY EMPLOYERS VDB PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITE HERE! WORKERS AND HOSPITALITY EMPLOYERS VDB PENSION TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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