Retirement plan

SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS AND UNITED FOOD AND COMMERCIAL WORKERS UNIONS PENSION FUND

Name: BOARD OF TRUSTEES, SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS - SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS AND UNITED FOOD AND COMMERCIAL WORKERS UNIONS PENSION FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES, SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS AND UNITED FOOD AND COMMERCIAL WORKERS UNIONS PENSION FUND, BOARD OF TRUSTEES, SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS

BOARD OF TRUSTEES, SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERSdba AND UNITED FOOD AND COMMERCIALEIN 51-6029991Plan #001PY 2024

2220 HYPERION AVE - LOS ANGELES, CA 90027323-666-8910

Prospect flagsHigh retiree %Low participationLow employer contribution

How to read this page

Total assets (EOY)

$85M

-4.3% from 2023

Total participants

2,173

-3.3% from 2023

Average account balance

No prior year

Annual return

2.67%

-5.23 pp from 2023

Benchmarks

See 1,151 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants100-249

Cohort1,151 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$85.03M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

2,051

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

$53K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$435

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

+2.67%

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
NISA INVESTMENT ADVISORS, LLC1 year Service code 27 · EIN 48-1140940	Advisory (Plan)	$82,033
MILLER KAPLAN ARASE LLP10+ years Service code 10 · EIN 95-2036255	Accounting	$58,631
SCHWARTZ STEINSAPIR DOHRMANN & SOMM10+ years Service code 29 · EIN 95-2077781	Legal	$48,303
THE SEGAL COMPANY10+ years Filed as: THE SEGAL COMPANY, WESTERN STATES Service code 11 · EIN 94-1503999	Actuarial	$41,266
RVK, INC.10+ years Service code 17 · EIN 93-0910652	Pension Consulting	$39,458
BRIDGEWAY BENEFIT TECHNOLOGIES2 years Service code 15 · EIN 23-2182079	Recordkeeping	$14,070
TRANSOMATIC CORPORATION9 years Service code 15 · EIN 54-2103755	Recordkeeping	$13,793
NORTHERN TRUST COMPANY10+ years Filed as: THE NORTHERN TRUST CO. Service code 18 · EIN 36-1561860	Direct payment from the plan; Custodi...	$11,935

Enrolled actuary

1 attachment

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

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$701K

$5745 / participant

Recordkeeping$9K1.3%
Trustee / custodial$12K1.7%
Investment mgmt$131K18.8%
Legal$48K6.9%
Actuarial$41K5.9%
Salaries / allowances$204K29.1%
Other trustee fees$3060.0%
Other / not subdivided$255K36.3%

% of EOY assets

0.824%

all-in expense ratio

Categories reported

7 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $49,676
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,520-100.0%

$319,563-100.0%

$33,520-100.0%

Participation rate

0.0%

2.1%-2.1pp

41.2%-41.2pp

2.1%-2.1pp

Annual return

2.67%

7.65%-5.0pp

7.21%-4.5pp

7.65%-5.0pp

Employer contribution / active EE

$435

$20,582-97.9%

$33,128-98.7%

$20,582-97.9%

Participant deferral / active EE

$1,172-100.0%

$48-100.0%

$1,172-100.0%

Admin fee / account holder

$193-100.0%

$196-100.0%

$193-100.0%

Provider

Service type

Compensation

NISA INVESTMENT ADVISORS, LLC1 year

Service code 27 · EIN 48-1140940

Advisory (Plan)

$82,033

MILLER KAPLAN ARASE LLP10+ years

Service code 10 · EIN 95-2036255

Accounting

$58,631

SCHWARTZ STEINSAPIR DOHRMANN & SOMM10+ years

Service code 29 · EIN 95-2077781

Legal

$48,303

THE SEGAL COMPANY10+ years

Filed as: THE SEGAL COMPANY, WESTERN STATES

Service code 11 · EIN 94-1503999

Actuarial

$41,266

RVK, INC.10+ years

Service code 17 · EIN 93-0910652

Pension Consulting

$39,458

BRIDGEWAY BENEFIT TECHNOLOGIES2 years

Service code 15 · EIN 23-2182079

Recordkeeping

$14,070

TRANSOMATIC CORPORATION9 years

Service code 15 · EIN 54-2103755

Recordkeeping

$13,793

NORTHERN TRUST COMPANY10+ years

Filed as: THE NORTHERN TRUST CO.

Service code 18 · EIN 36-1561860

Direct payment from the plan; Custodi...

$11,935

SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS AND UNITED FOOD AND COMMERCIAL WORKERS UNIONS PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN CALIFORNIA GENERAL SALES EMPLOYERS AND UNITED FOOD AND COMMERCIAL WORKERS UNIONS PENSION FUND

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