Retirement plan

B. A. T. RETIREMENT FUND

Name: LOCAL UNION 514 - B. A. T. RETIREMENT FUND (2024) Form 5500
Creator: LOCAL UNION 514
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, B. A. T. RETIREMENT FUND, LOCAL UNION 514

LOCAL UNION 514EIN 46-1144986Plan #001PY 2024

777 WESTCHESTER AVE, SUITE 101 - WHITE PLAINS, NY 10604914-705-5488LinkedIn51-200 employeeshospitality

Prospect flagsLow returnsLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+34.1% from 2023

Total participants

315

-5.7% from 2023

Average account balance

$8,014

+21.4% from 2023

Annual return

8.79%

-16.34 pp from 2023

Benchmarks

See 34 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Cohort34 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.20M

Not enough data

1 years with asset history on file

Average account balance

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

$8K

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.

275

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.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$560K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+8.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$272

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 3 by compensation

Provider	Service type	Compensation
THE BENEFIT PRACTICE1 year Service code 13 · EIN 13-4144565	Contract Administrator	$34,502
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$26,037
NEXT LEVEL PRIVATE LLC1 year Service code 27 · EIN 86-3430938	Advisory (Plan)	$1,387

Plan features & details

Pension benefit codes2A2E2J2K2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$75K

$300 / participant

Contract admin$75K100.0%

% of EOY assets

3.392%

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: PKF O'CONNOR DAVIES, LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,014

$29,359-72.7%

$56,025-85.7%

Participation rate

83.9%

38.0%+45.9pp

52.5%+31.4pp

Annual return

8.79%

15.65%-6.9pp

1712.69%-1703.9pp

Employer contribution / active EE

$1,715

$424+304.4%

$1,042+64.7%

Participant deferral / active EE

$532

$855-37.8%

$1,955-72.8%

Admin fee / account holder

$272

$1,790-84.8%

$2,828-90.4%

Provider

Service type

Compensation

THE BENEFIT PRACTICE1 year

Service code 13 · EIN 13-4144565

Contract Administrator

$34,502

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$26,037

NEXT LEVEL PRIVATE LLC1 year

Service code 27 · EIN 86-3430938

Advisory (Plan)

$1,387

B. A. T. RETIREMENT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

B. A. T. RETIREMENT FUND

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