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 (2022) 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 2022

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

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$190.3M

-15.8% from 2021

Total participants

5,021

+3.4% from 2021

Average account balance

$37,900

-18.9% from 2021

Annual return

-13.46%

-28.83 pp from 2021

Benchmarks

See 74 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants1,000-4,999

Cohort74 peers

Snapshot2022

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 9 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: PRUDENTIAL RET INS & ANNUITY CO Service code 10 · EIN 06-1050034	Accounting	$220,486
1974 PENSION TRUST8+ years Service code 10 · EIN 52-6150908	Accounting	$108,989
MMA SECURITIES LLC4 years Filed as: MARSH USA Service code 22 · EIN 36-1436000	Insurance Broker	$40,817
WITHUMSMITH+BROWN, PC4 years Filed as: WITHUMSMITH+BROWN Service code 10 · EIN 22-2027092	Accounting	$34,810
VERIZON2 years Service code 49 · EIN 47-0751768	Other Services	$13,485
MICROSOFT CORPORATION1 year Service code 49 · EIN 91-1144442	Other Services	$6,649
NORTHERN TRUST COMPANY7 years Service code 19 · EIN 36-1561860	Securities Custodian	$6,141
KELLY PRESS INC8+ years Service code 49 · EIN 52-0975591	Other Services	$5,459
INSIGHT DIRECT USA, INC1 year Filed as: INSIGHT DIRECT USA Service code 49 · EIN 36-3948996	Other Services	$5,209

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

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

$444K

$280 / participant

Other / not subdivided$444K100.0%

% of EOY assets

0.234%

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

$37,900

$108,592-65.1%

$129,118-70.6%

$77,906-51.4%

Participation rate

100.0%

84.8%+15.2pp

77.2%+22.8pp

73.7%+26.3pp

Annual return

-13.46%

-13.72%+0.3pp

-10.94%-2.5pp

12.16%-25.6pp

Employer contribution / active EE

$7,691

$5,713+34.6%

$5,051+52.2%

$2,846+170.2%

Participant deferral / active EE

$2,317

$7,051-67.1%

$6,539-64.6%

$4,805-51.8%

Admin fee / account holder

$89

$91-3.1%

$14,305-99.4%

$133-33.2%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: PRUDENTIAL RET INS & ANNUITY CO

Service code 10 · EIN 06-1050034

Accounting

$220,486

1974 PENSION TRUST8+ years

Service code 10 · EIN 52-6150908

Accounting

$108,989

MMA SECURITIES LLC4 years

Filed as: MARSH USA

Service code 22 · EIN 36-1436000

Insurance Broker

$40,817

WITHUMSMITH+BROWN, PC4 years

Filed as: WITHUMSMITH+BROWN

Service code 10 · EIN 22-2027092

Accounting

$34,810

VERIZON2 years

Service code 49 · EIN 47-0751768

Other Services

$13,485

MICROSOFT CORPORATION1 year

Service code 49 · EIN 91-1144442

Other Services

$6,649

NORTHERN TRUST COMPANY7 years

Service code 19 · EIN 36-1561860

Securities Custodian

$6,141

KELLY PRESS INC8+ years

Service code 49 · EIN 52-0975591

Other Services

$5,459

INSIGHT DIRECT USA, INC1 year

Filed as: INSIGHT DIRECT USA

Service code 49 · EIN 36-3948996

Other Services

$5,209

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