Retirement plan

BCTGM INTERNATIONAL UNION BARGAINING UNIT EMPLOYEE 401(K) PLAN

Name: BCTGM INTERNATIONAL UNION - BCTGM INTERNATIONAL UNION BARGAINING UNIT EMPLOYEE 401(K) PLAN (2017) Form 5500
Creator: BCTGM INTERNATIONAL UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BCTGM INTERNATIONAL UNION BARGAINING UNIT EMPLOYEE 401(K) PLAN, BCTGM INTERNATIONAL UNION

BCTGM INTERNATIONAL UNIONEIN 53-0231138Plan #003PY 2017

10401 CONNECTICUT AVE. - KENSINGTON, MD 20895301-933-8600

Other plans on this EIN

2 filings

#001Retirement-$82.6M assets #002Retirement-$2.5M assets

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$703K

-9.6% from 2016

Total participants

-13.3% from 2016

Average account balance

$63,953

+6.9% from 2016

Annual return

14.07%

+11.27 pp from 2016

Benchmarks

See 32,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort32,058 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$911K

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

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.

175.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$715

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

+24.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$604

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

0 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 codes2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$211K

$35140 / participant

Other / not subdivided$211K100.0%

% of EOY assets

29.971%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,953

$99,009-35.4%

$86,581-26.1%

$147,585-56.7%

Participation rate

66.7%

76.3%-9.7pp

73.5%-6.9pp

82.8%-16.2pp

Annual return

14.07%

1312.70%-1298.6pp

965.06%-951.0pp

578.58%-564.5pp

Employer contribution / active EE

$3,132-100.0%

$2,840-100.0%

$4,876-100.0%

Participant deferral / active EE

$4,340

$3,972+9.3%

$3,609+20.3%

$5,439-20.2%

Admin fee / account holder

$19,167

$5,709+235.8%

$4,904+290.8%

$10,886+76.1%

BCTGM INTERNATIONAL UNION BARGAINING UNIT EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BCTGM INTERNATIONAL UNION BARGAINING UNIT EMPLOYEE 401(K) 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