Retirement plan

UGSOA RETIREMENT PLAN

Name: UGSOA BOARD OF TRUSTEES - UGSOA RETIREMENT PLAN (2019) Form 5500
Creator: UGSOA BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UGSOA RETIREMENT PLAN, UGSOA BOARD OF TRUSTEES

UGSOA BOARD OF TRUSTEESEIN 46-4857037Plan #001PY 2019

2879 CRANBERRY HIGHWAY - EAST WAREHAM, MA 02538303-650-8515

Prospect flagsLow returnsLow participationLow assets / participantLow participant contributionFailed to transmit contributionsFailed to provide benefit

How to read this page

Total assets (EOY)

$23.2M

+19.0% from 2018

Total participants

3,079

-49.9% from 2018

Average account balance

$11,645

+15.9% from 2018

Annual return

10.79%

+15.97 pp from 2018

Benchmarks

See 551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort551 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.48M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

2,040

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$177

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 6 by compensation

Provider	Service type	Compensation
PENTEGRA SERVICES, INC.5+ years Service code 14 · EIN 61-1667838	Plan Administrator	$269,466
NOVUS ADVISORS5+ years Service code 27 · EIN 80-0717897	Advisory (Plan)	$96,719
NEEDLES & ASSOCIATES, LLC3 years Service code 10 · EIN 51-0435869	Accounting	$53,044
BENEFIT SOURCE INC.4 years Service code 15 1629 EAST NORTH STREET · GREENVILLE, SC 29607	Recordkeeping	$47,515
TD AMERITRADE, INC.4 years Filed as: TD AMERITRADE COMPANY Service code 19 · EIN 20-0937408	Securities Custodian	$14,731
ROBEIN, URANN, SPENCER, PICARD & CA2 years Service code 29 2540 SEVERN AVENUE, SUITE 400 · METAIRIE, LA 70002	Legal	$80

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$482K

$185 / participant

Investment mgmt$97K20.1%
Other / not subdivided$385K79.9%

% of EOY assets

2.077%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: NEEDLES & ASSOCIATES, LLC
Auditor EIN: 510435869
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,645

$95,776-87.8%

$162,177-92.8%

$77,775-85.0%

Participation rate

58.2%

88.6%-30.4pp

87.6%-29.3pp

73.2%-15.0pp

Annual return

10.79%

37.03%-26.2pp

115.60%-104.8pp

32.58%-21.8pp

Employer contribution / active EE

$2,469

$3,874-36.3%

$5,613-56.0%

$2,504-1.4%

Participant deferral / active EE

$54

$6,125-99.1%

$7,297-99.3%

$3,966-98.6%

Admin fee / account holder

$242

$88+175.9%

$10,843-97.8%

$100+141.7%

Provider

Service type

Compensation

PENTEGRA SERVICES, INC.5+ years

Service code 14 · EIN 61-1667838

Plan Administrator

$269,466

NOVUS ADVISORS5+ years

Service code 27 · EIN 80-0717897

Advisory (Plan)

$96,719

NEEDLES & ASSOCIATES, LLC3 years

Service code 10 · EIN 51-0435869

Accounting

$53,044

BENEFIT SOURCE INC.4 years

Service code 15

1629 EAST NORTH STREET · GREENVILLE, SC 29607

Recordkeeping

$47,515

TD AMERITRADE, INC.4 years

Filed as: TD AMERITRADE COMPANY

Service code 19 · EIN 20-0937408

Securities Custodian

$14,731

ROBEIN, URANN, SPENCER, PICARD & CA2 years

Service code 29

2540 SEVERN AVENUE, SUITE 400 · METAIRIE, LA 70002

Legal

$80

UGSOA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UGSOA RETIREMENT PLAN

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