Retirement plan

AMALGAMATED TRANSIT UNION NATIONAL 401(K) PENSION PLAN

Name: BOARD OF TRUSTEES OF THE AMALGAMATED TRANSIT UNION - AMALGAMATED TRANSIT UNION NATIONAL 401(K) PENSION PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES OF THE AMALGAMATED TRANSIT UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMALGAMATED TRANSIT UNION NATIONAL 401(K) PENSION PLAN, BOARD OF TRUSTEES OF THE AMALGAMATED TRANSIT UNION

BOARD OF TRUSTEES OF THE AMALGAMATED TRANSIT UNIONEIN 52-2059290Plan #001PY 2017

4440 ASH GROVE, SUITE A - SPRINGFIELD, IL 62711301-431-7100

Prospect flagsLow participationLow assets / participant

How to read this page

Total assets (EOY)

$158.3M

-10.3% from 2016

Total participants

14,611

+9.0% from 2016

Average account balance

$17,214

+3.5% from 2016

Annual return

16.77%

-7.12 pp from 2016

Benchmarks

See 1,023 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,023 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$267.11M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

17,584

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.

73.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34.46M

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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 5 by compensation

Provider	Service type	Compensation
QUORUM CONSULTING GROUP3+ years Service code 15 4440 ASH GROVE · SPRINGFIELD, IL 62711	Recordkeeping	$358,490
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 1775 EYE STREET NW · WASHINGTON, DC 20006	Advisory (Plan)	$66,211
EBERTS & HARRISON2 years Filed as: EBERTS AND HARRISON Service code 23 1604 RIDGESIDE DRIVE · MOUNT AIRY, MD 21771	Insurance services	$27,339
SLEVIN & HART, P.C.2 years Service code 29 1625 MASSACHUSETTS AVE NW · WASHINGTON, DC 20036	Legal	$19,063
BRIDGEWATER2 years Filed as: ESTES, BRIDGEWATER & OGDEN Service code 10 901 SOUTH 2ND STREET · SPRINGFIELD, IL 62704	Accounting	$13,200

Plan features & details

Pension benefit codes2E2G2J2K

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$484K

$37 / participant

Investment mgmt$66K13.7%
Contract admin$358K74.0%
Other / not subdivided$60K12.3%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

2 / 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: ESTES, BRIDGEWATER & OGDEN
Auditor EIN: 370265152
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,214

$80,976-78.7%

$86,593-80.1%

$80,976-78.7%

Participation rate

58.6%

68.3%-9.7pp

73.5%-14.9pp

68.3%-9.7pp

Annual return

16.77%

22.91%-6.1pp

965.08%-948.3pp

22.91%-6.1pp

Employer contribution / active EE

$582

$2,402-75.8%

$2,840-79.5%

$2,402-75.8%

Participant deferral / active EE

$875

$3,848-77.3%

$3,609-75.8%

$3,848-77.3%

Admin fee / account holder

$53

$67-22.0%

$4,904-98.9%

$67-22.0%

Provider

Service type

Compensation

QUORUM CONSULTING GROUP3+ years

Service code 15

4440 ASH GROVE · SPRINGFIELD, IL 62711

Recordkeeping

$358,490

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27

1775 EYE STREET NW · WASHINGTON, DC 20006

Advisory (Plan)

$66,211

EBERTS & HARRISON2 years

Filed as: EBERTS AND HARRISON

Service code 23

1604 RIDGESIDE DRIVE · MOUNT AIRY, MD 21771

Insurance services

$27,339

SLEVIN & HART, P.C.2 years

Service code 29

1625 MASSACHUSETTS AVE NW · WASHINGTON, DC 20036

Legal

$19,063

BRIDGEWATER2 years

Filed as: ESTES, BRIDGEWATER & OGDEN

Service code 10

901 SOUTH 2ND STREET · SPRINGFIELD, IL 62704

Accounting

$13,200

AMALGAMATED TRANSIT UNION NATIONAL 401(K) PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMALGAMATED TRANSIT UNION NATIONAL 401(K) PENSION 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