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 (2018) 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 2018

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)

$208.1M

-10.0% from 2017

Total participants

4,493

+9.4% from 2017

Average account balance

$48,210

-11.8% from 2017

Annual return

-3.06%

-15.00 pp from 2017

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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 AND4+ years Filed as: PRUDENTIAL RET INS & ANNUITY CO Service code 10 · EIN 06-1050034	Accounting	$242,681
1974 PENSION TRUST4+ years Service code 10 · EIN 52-6150908	Accounting	$52,894
WITHUMSMITH+BROWN, PC2 years Filed as: WITHUMSMITH & BROWN Service code 10 · EIN 22-2027092	Accounting	$32,812
NORTHERN TRUST COMPANY3 years Service code 19 · EIN 36-1561860	Securities Custodian	$7,623
KELLY PRESS INC4+ years Service code 36 · EIN 52-0975591	Other services; Copying and duplicating	$6,096

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

$427K

$182 / participant

Other / not subdivided$427K100.0%

% of EOY assets

0.205%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,210

$82,546-41.6%

$140,019-65.6%

$75,289-36.0%

Participation rate

92.5%

88.4%+4.1pp

87.5%+5.0pp

72.4%+20.0pp

Annual return

-3.06%

-0.36%-2.7pp

651.17%-654.2pp

-0.04%-3.0pp

Employer contribution / active EE

$3,443

$3,856-10.7%

$5,605-38.6%

$2,405+43.1%

Participant deferral / active EE

$1,889

$5,731-67.0%

$6,927-72.7%

$3,739-49.5%

Admin fee / account holder

$99

$86+15.4%

$10,705-99.1%

$102-3.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: PRUDENTIAL RET INS & ANNUITY CO

Service code 10 · EIN 06-1050034

Accounting

$242,681

1974 PENSION TRUST4+ years

Service code 10 · EIN 52-6150908

Accounting

$52,894

WITHUMSMITH+BROWN, PC2 years

Filed as: WITHUMSMITH & BROWN

Service code 10 · EIN 22-2027092

Accounting

$32,812

NORTHERN TRUST COMPANY3 years

Service code 19 · EIN 36-1561860

Securities Custodian

$7,623

KELLY PRESS INC4+ years

Service code 36 · EIN 52-0975591

Other services; Copying and duplicating

$6,096

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