Retirement plan

MEBA 401(K) PLAN

Name: BOARD OF TRUSTEES MEBA 401(K) PLAN - MEBA 401(K) PLAN (2023) Form 5500
Creator: BOARD OF TRUSTEES MEBA 401(K) PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEBA 401(K) PLAN, BOARD OF TRUSTEES MEBA 401(K) PLAN

BOARD OF TRUSTEES MEBA 401(K) PLANEIN 51-6029896Plan #002PY 2023

1007 EASTERN AVENUE - BALTIMORE, MD 212024345410-547-9111

Other plans on this EIN

2 filings

#001Retirement-$915.9M assets #003Retirement-$269.7M assets

Prospect flagsLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$276.4M

-5.1% from 2016

Total participants

2,028

-1.2% from 2016

Average account balance

$147,567

-4.5% from 2016

Annual return

24.40%

-4.57 pp from 2016

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$330.93M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

1,932

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.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+21.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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 7 by compensation

Provider	Service type	Compensation
MEBA MEDICAL AND BENEFITS PLAN9+ years Service code 15 · EIN 13-5590515	Recordkeeping	$93,428
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVSMTS INST OPER CO LLC Service code 15 · EIN 04-2647786	Recordkeeping	$80,910
NEPC, LLC9+ years Filed as: NEPC LLC Service code 17 · EIN 26-1429809	Pension Consulting	$47,087
SLEVIN & HART, P.C.9+ years Service code 29 · EIN 52-1708613	Legal	$31,431
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 29 · EIN 23-0891050	Legal	$30,962
THE SEGAL COMPANY9+ years Filed as: BUCHBINDER TUNICK & COMPANY LLP Service code 10 · EIN 13-1578842	Accounting	$15,096
BMO HARRIS BANK NA2 years Filed as: M&T BANK Service code 21 · EIN 16-0538020	Bank Trustee	$7,785

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$398K

$218 / participant

Investment mgmt$140K35.1%
Legal$60K15.2%
Other / not subdivided$198K49.8%

% of EOY assets

0.144%

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: WEAVER AND TIDWELL, L.L.P.
Auditor EIN: 750786316
Audit fees: $15,096
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$147,567

$70,115+110.5%

$70,589+109.1%

$80,187+84.0%

Participation rate

91.5%

71.7%+19.9pp

68.4%+23.2pp

72.9%+18.6pp

Annual return

24.40%

134.51%-110.1pp

32.80%-8.4pp

40.40%-16.0pp

Employer contribution / active EE

$139

$3,021-95.4%

$2,977-95.3%

$2,980-95.3%

Participant deferral / active EE

$7,042

$4,495+56.7%

$4,569+54.1%

$5,016+40.4%

Admin fee / account holder

$213

$112+89.5%

$6,430-96.7%

$145+46.7%

Provider

Service type

Compensation

MEBA MEDICAL AND BENEFITS PLAN9+ years

Service code 15 · EIN 13-5590515

Recordkeeping

$93,428

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVSMTS INST OPER CO LLC

Service code 15 · EIN 04-2647786

Recordkeeping

$80,910

NEPC, LLC9+ years

Filed as: NEPC LLC

Service code 17 · EIN 26-1429809

Pension Consulting

$47,087

SLEVIN & HART, P.C.9+ years

Service code 29 · EIN 52-1708613

Legal

$31,431

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 29 · EIN 23-0891050

Legal

$30,962

THE SEGAL COMPANY9+ years

Filed as: BUCHBINDER TUNICK & COMPANY LLP

Service code 10 · EIN 13-1578842

Accounting

$15,096

BMO HARRIS BANK NA2 years

Filed as: M&T BANK

Service code 21 · EIN 16-0538020

Bank Trustee

$7,785

MEBA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEBA 401(K) 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