Retirement plan

UNITED MINE WORKERS OF AMERICA CASH DEFERRED SAVINGS PLAN OF 1988

Name: BOARD OF TRUSTEES - UMWA CASH DEFERRED SAVINGS PLAN OF 1988 - UNITED MINE WORKERS OF AMERICA CASH DEFERRED SAVINGS PLAN OF 1988 (2015) Form 5500
Creator: BOARD OF TRUSTEES - UMWA CASH DEFERRED SAVINGS PLAN OF 1988
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED MINE WORKERS OF AMERICA CASH DEFERRED SAVINGS PLAN OF 1988, BOARD OF TRUSTEES - UMWA CASH DEFERRED SAVINGS PLAN OF 1988

BOARD OF TRUSTEES - UMWA CASH DEFERRED SAVINGS PLAN OF 1988EIN 52-6377947Plan #003PY 2015

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

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$268.2M

No prior year

Total participants

9,855

No prior year

Average account balance

$31,785

No prior year

Annual return

0.23%

No prior year

Benchmarks

See 73 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort73 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$234.78M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

4,947

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.

73.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL RET INS & ANNUITY CO Service code 10 · EIN 06-1050034	Accounting	$328,580
1974 PENSION TRUST1+ years Service code 10 · EIN 52-6150908	Accounting	$48,741
BOND BROTHERS1+ years Filed as: BOND BEEBE Service code 10 · EIN 52-1044197	Accounting	$30,200
KELLY PRESS INC1+ years Service code 36 · EIN 52-0975591	Copying and duplicating; Other services	$23,109
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 13-5160382	Securities Custodian	$13,760

Plan features & details

Pension benefit codes2G2J2F2T

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.
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

2 tripped

OpportunityLow participant contribution
Participant 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).

Expense breakdown

Schedule H Part II

Admin total

$445K

$61 / participant

Other / not subdivided$445K100.0%

% of EOY assets

0.166%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOND BEEBE, P.C.
Auditor EIN: 521044197
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,785

$83,458-61.9%

$123,105-74.2%

$67,505-52.9%

Participation rate

80.6%

84.5%-3.9pp

86.8%-6.2pp

71.2%+9.4pp

Annual return

0.23%

1.29%-1.1pp

13.22%-13.0pp

6.52%-6.3pp

Employer contribution / active EE

$2,083

$3,087-32.5%

$5,151-59.6%

$2,173-4.2%

Participant deferral / active EE

$1,342

$5,379-75.1%

$6,229-78.5%

$3,597-62.7%

Admin fee / account holder

$53

$60-11.7%

$9,014-99.4%

$56-6.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL RET INS & ANNUITY CO

Service code 10 · EIN 06-1050034

Accounting

$328,580

1974 PENSION TRUST1+ years

Service code 10 · EIN 52-6150908

Accounting

$48,741

BOND BROTHERS1+ years

Filed as: BOND BEEBE

Service code 10 · EIN 52-1044197

Accounting

$30,200

KELLY PRESS INC1+ years

Service code 36 · EIN 52-0975591

Copying and duplicating; Other services

$23,109

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 13-5160382

Securities Custodian

$13,760

UNITED MINE WORKERS OF AMERICA CASH DEFERRED SAVINGS PLAN OF 1988

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED MINE WORKERS OF AMERICA CASH DEFERRED SAVINGS PLAN OF 1988

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