Retirement plan

U.A. LOCAL UNION NO. 614 PENSION PLAN

Name: TRUSTEES - U.A. LOCAL UNION NO. 614 PENSION PLAN - U.A. LOCAL UNION NO. 614 PENSION PLAN (2017) Form 5500
Creator: TRUSTEES - U.A. LOCAL UNION NO. 614 PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.A. LOCAL UNION NO. 614 PENSION PLAN, TRUSTEES - U.A. LOCAL UNION NO. 614 PENSION PLAN

TRUSTEES - U.A. LOCAL UNION NO. 614 PENSION PLANEIN 62-6085904Plan #001PY 2017

2001 CALDWELL DRIVE - GOODLESTTSVILLE, TN 37072615-859-0131

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$119.2M

+11.2% from 2016

Total participants

1,327

+4.2% from 2016

Average account balance

$110,197

+7.5% from 2016

Annual return

8.38%

+7.84 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$203.64M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+5.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 11 by compensation

Provider	Service type	Compensation
HIGHLAND CONSULTING ASSOCIATES2+ years Filed as: HIGHLAND CAPITAL MANAGEMENT, LLC Service code 27 · EIN 27-5440911	Advisory (Plan)	$399,169
LOCAL 1102 RWDSU2+ years Filed as: UA LOCAL UNION NO. 614 PENSION FUND Service code 14	Plan Administrator	$115,760
SOUTHERN BENEFIT ADMINISTRATORS2+ years Filed as: SOUTHERN BENEFIT ADMINISTRATORS INC Service code 14 · EIN 62-1116095	Plan Administrator	$66,245
REGIONS BANK2+ years Service code 19 · EIN 62-1164500	Securities Custodian	$51,975
REYNOLDS CONSULTING SERVICES2+ years Service code 27 · EIN 20-1899564	Advisory (Plan)	$49,875
NEEDLES & ASSOCIATES, LLC2+ years Filed as: NEEDLES & ASSOICATES, LLC Service code 10 · EIN 51-0435869	Accounting	$23,366
GODWIN MORRIS LAURENZI & BLOOMFIELD2+ years Service code 29 · EIN 62-1371542	Legal	$12,951
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$20
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 60	Sub-TA Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$623K

$478 / participant

Investment mgmt$501K80.4%
Contract admin$66K10.6%
Other / not subdivided$56K9.0%

% of EOY assets

0.523%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NEEDLES & ASSOCIATES, LLC
Auditor EIN: 510435869
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,197

$89,274+23.4%

$149,716-26.4%

$77,958+41.4%

Participation rate

81.2%

87.6%-6.4pp

87.1%-5.9pp

71.6%+9.6pp

Annual return

8.38%

20.36%-12.0pp

1501.67%-1493.3pp

20.87%-12.5pp

Employer contribution / active EE

$4,018

$3,727+7.8%

$5,444-26.2%

$2,310+73.9%

Participant deferral / active EE

$5,382-100.0%

$6,568-100.0%

$3,537-100.0%

Admin fee / account holder

$576

$240+140.2%

$11,282-94.9%

$97+491.7%

Provider

Service type

Compensation

HIGHLAND CONSULTING ASSOCIATES2+ years

Filed as: HIGHLAND CAPITAL MANAGEMENT, LLC

Service code 27 · EIN 27-5440911

Advisory (Plan)

$399,169

LOCAL 1102 RWDSU2+ years

Filed as: UA LOCAL UNION NO. 614 PENSION FUND

Service code 14

Plan Administrator

$115,760

SOUTHERN BENEFIT ADMINISTRATORS2+ years

Filed as: SOUTHERN BENEFIT ADMINISTRATORS INC

Service code 14 · EIN 62-1116095

Plan Administrator

$66,245

REGIONS BANK2+ years

Service code 19 · EIN 62-1164500

Securities Custodian

$51,975

REYNOLDS CONSULTING SERVICES2+ years

Service code 27 · EIN 20-1899564

Advisory (Plan)

$49,875

NEEDLES & ASSOCIATES, LLC2+ years

Filed as: NEEDLES & ASSOICATES, LLC

Service code 10 · EIN 51-0435869

Accounting

$23,366

GODWIN MORRIS LAURENZI & BLOOMFIELD2+ years

Service code 29 · EIN 62-1371542

Legal

$12,951

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$20

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 60

Sub-TA Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Service code 60

Sub-TA Fees

U.A. LOCAL UNION NO. 614 PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.A. LOCAL UNION NO. 614 PENSION 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