Retirement plan

UNION PARTNERS I LLC 401(K) SAVING PLAN

Name: UNION PARTNERS I LLC - UNION PARTNERS I LLC 401(K) SAVING PLAN (2023) Form 5500
Creator: UNION PARTNERS I LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNION PARTNERS I LLC 401(K) SAVING PLAN, UNION PARTNERS I LLC

UNION PARTNERS I LLCEIN 47-1574790Plan #001PY 2023

1400 16TH STREET SUITE 250 - OAK BROOK, IL 60523630-822-7102

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$41.7M

+39.5% from 2022

Total participants

1,179

+15.9% from 2022

Average account balance

$52,871

+21.4% from 2022

Annual return

46.46%

+36.05 pp from 2022

Benchmarks

See 2,423 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,423 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.52M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

473

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.

65.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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 2 by compensation

Provider	Service type	Compensation
JPMORGAN INVEST HOLDINGS LLC4 years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$76,283
FOREST CAPITAL MANAGEMENT LLC4 years Service code 27 580 N BANK LN · LAKE FORREST, IL 60045	Advisory (Plan)	$45,511

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$122K

$125 / participant

Recordkeeping$76K62.6%
Investment mgmt$46K37.4%

% of EOY assets

0.292%

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: MILLER COOPER & CO, LTD.
Auditor EIN: 362897372
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,871

$99,168-46.7%

$96,534-45.2%

$74,460-29.0%

Participation rate

60.1%

80.7%-20.6pp

76.0%-15.9pp

70.7%-10.7pp

Annual return

46.46%

22.40%+24.1pp

25.88%+20.6pp

34.38%+12.1pp

Employer contribution / active EE

$1,221

$2,570-52.5%

$2,965-58.8%

$2,638-53.7%

Participant deferral / active EE

$2,559

$4,936-48.2%

$4,851-47.2%

$4,530-43.5%

Admin fee / account holder

$154

$225-31.3%

$8,253-98.1%

$348-55.6%

Provider

Service type

Compensation

JPMORGAN INVEST HOLDINGS LLC4 years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$76,283

FOREST CAPITAL MANAGEMENT LLC4 years

Service code 27

580 N BANK LN · LAKE FORREST, IL 60045

Advisory (Plan)

$45,511

UNION PARTNERS I LLC 401(K) SAVING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNION PARTNERS I LLC 401(K) SAVING 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