Retirement plan

UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST EMPLOYEES' 401K PLAN

Name: UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST - UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST EMPLOYEES' 401K PLAN (2021) Form 5500
Creator: UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST EMPLOYEES' 401K PLAN, UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST

UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUSTEIN 52-6150908Plan #003PY 2021

2121 K STREET N.W. SUITE 350 - WASHINGTON, DC 200371879202-521-2200

Other plans on this EIN

1 filing

#001Retirement-$70.8M assets

Prospect flagsLow returnsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$66.7M

+8.4% from 2020

Total participants

212

-3.2% from 2020

Average account balance

$325,141

+12.1% from 2020

Annual return

11.68%

-10.89 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$63.78M

Not enough data

1 years with asset history on file

Average account balance

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

$304K

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.

210

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.

91.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.57%

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J2G2F2K3D

Plan features

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.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WITHUMSMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$325,141

$121,341+168.0%

$189,545+71.5%

$79,389+309.6%

Participation rate

95.4%

86.1%+9.3pp

87.8%+7.6pp

70.7%+24.7pp

Annual return

11.68%

21.08%-9.4pp

555.36%-543.7pp

116.89%-105.2pp

Employer contribution / active EE

$2,966

$3,915-24.2%

$6,162-51.9%

$2,428+22.2%

Participant deferral / active EE

$11,376

$6,395+77.9%

$8,220+38.4%

$4,046+181.2%

Admin fee / account holder

$651-100.0%

$12,049-100.0%

$626-100.0%

UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST EMPLOYEES' 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

UNITED MINE WORKERS OF AMERICA 1974 PENSION TRUST EMPLOYEES' 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion