Retirement plan

INTERNATIONAL ASSOC. OF FIREFIGHTERS, INC 401(K) PROFIT

Name: INTERNATIONAL ASSOC. OF FIREFIGH - INTERNATIONAL ASSOC. OF FIREFIGHTERS, INC 401(K) PROFIT (2019) Form 5500
Creator: INTERNATIONAL ASSOC. OF FIREFIGH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL ASSOC. OF FIREFIGHTERS, INC 401(K) PROFIT, INTERNATIONAL ASSOC. OF FIREFIGH

INTERNATIONAL ASSOC. OF FIREFIGHEIN 59-1156624Plan #001PY 2019

8000 NW 21ST ST - MIAMI, FL 33122305-593-6100

Prospect flagsHigh feesLow participationLow assets / participant

How to read this page

Total assets (EOY)

$9K

-95.5% from 2018

Total participants

-11.1% from 2018

Average account balance

$4,610

-93.3% from 2018

Annual return

10.23%

+13.61 pp from 2018

Benchmarks

See 13,240 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort13,240 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106K

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+25.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3520

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 codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$231K

$28867 / participant

Other / not subdivided$231K100.0%

% of EOY assets

2504.707%

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

$4,610

$104,924-95.6%

$84,623-94.6%

$152,885-97.0%

Participation rate

25.0%

74.8%-49.8pp

68.2%-43.2pp

82.5%-57.5pp

Annual return

10.23%

373.82%-363.6pp

258.77%-248.5pp

345.39%-335.2pp

Employer contribution / active EE

$3,302-100.0%

$2,652-100.0%

$4,763-100.0%

Participant deferral / active EE

$1,597

$4,689-65.9%

$3,899-59.0%

$5,851-72.7%

Admin fee / account holder

$115,467

$6,242+1749.9%

$4,913+2250.2%

$11,598+895.6%

INTERNATIONAL ASSOC. OF FIREFIGHTERS, INC 401(K) PROFIT

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL ASSOC. OF FIREFIGHTERS, INC 401(K) PROFIT

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