Retirement plan

COMMUNICATIONS WORKERS OF AMERICA SAVINGS AND RETIREMENT TRUST

Name: THE BOARD OF TRUSTEES OF THE COMMUNICATIONS WORKERS OF AMERICA - - COMMUNICATIONS WORKERS OF AMERICA SAVINGS AND RETIREMENT TRUST (2021) Form 5500
Creator: THE BOARD OF TRUSTEES OF THE COMMUNICATIONS WORKERS OF AMERICA -
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMMUNICATIONS WORKERS OF AMERICA SAVINGS AND RETIREMENT TRUST, THE BOARD OF TRUSTEES OF THE COMMUNICATIONS WORKERS OF AMERICA -

THE BOARD OF TRUSTEES OF THE COMMUNICATIONS WORKERS OF AMERICA -dba SAVINGS AND RETIREMENT TRUSTEIN 52-1137722Plan #002PY 2021

501 THIRD STREET, NW - WASHINGTON, DC 200012797202-434-1389

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$419.2M

-6.4% from 2016

Total participants

10,348

-10.4% from 2016

Average account balance

$42,979

+4.4% from 2016

Annual return

14.54%

-4.89 pp from 2016

Benchmarks

See 31 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants5,000-9,999

Cohort31 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$453.31M

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

10,633

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.47M

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

+14.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$119

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 4 by compensation

Provider	Service type	Compensation
CALIBRE CPA GROUP PLLC3 years Service code 10 · EIN 47-0900880 7501 WISCONSIN AVENUE, SUITE 1200 · BETHESDA, MD 20814	Accounting	$106,190
SLEVIN & HART, P.C.7+ years Filed as: SLEVIN AND HART Service code 29 · EIN 52-1708613 1625 MASSACHUSETTS AVE, N.W. · WASHINGTON, DC 20036	Legal	$83,027
MEKETA INVESTMENT GROUP7+ years Service code 27 · EIN 04-2659023	Advisory (Plan)	$75,000
ANN ZINSSER7+ years Service code 10 · EIN 52-1943490 10217 CAPITOL VIEW AVENUE · SILVER SPRING, MD 20910	Accounting	$60,686

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant 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).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$130 / participant

Investment mgmt$75K6.2%
Other / not subdivided$1M93.8%

% of EOY assets

0.290%

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: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,979

$112,156-61.7%

$108,421-60.4%

$101,555-57.7%

Participation rate

93.7%

83.2%+10.4pp

80.1%+13.5pp

74.5%+19.1pp

Annual return

14.54%

15.85%-1.3pp

905.61%-891.1pp

21.00%-6.5pp

Employer contribution / active EE

$795

$3,067-74.1%

$3,560-77.7%

$2,972-73.3%

Participant deferral / active EE

$1,173

$6,696-82.5%

$6,564-82.1%

$4,874-75.9%

Admin fee / account holder

$125

$75+67.2%

$7,298-98.3%

$139-10.6%

Provider

Service type

Compensation

CALIBRE CPA GROUP PLLC3 years

Service code 10 · EIN 47-0900880

7501 WISCONSIN AVENUE, SUITE 1200 · BETHESDA, MD 20814

Accounting

$106,190

SLEVIN & HART, P.C.7+ years

Filed as: SLEVIN AND HART

Service code 29 · EIN 52-1708613

1625 MASSACHUSETTS AVE, N.W. · WASHINGTON, DC 20036

Legal

$83,027

MEKETA INVESTMENT GROUP7+ years

Service code 27 · EIN 04-2659023

Advisory (Plan)

$75,000

ANN ZINSSER7+ years

Service code 10 · EIN 52-1943490

10217 CAPITOL VIEW AVENUE · SILVER SPRING, MD 20910

Accounting

$60,686

COMMUNICATIONS WORKERS OF AMERICA SAVINGS AND RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMMUNICATIONS WORKERS OF AMERICA SAVINGS AND RETIREMENT TRUST

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