Retirement plan

TEAMSTERS LOCAL 550 - BIMBO BAKERIES USA SALESPERSONS ANNUITY FUND

Name: TRUSTEES TEAMSTERS LOCAL 550-BIMBO BAKERIES, SALESPERSONS' ANNUITY FUN - TEAMSTERS LOCAL 550 - BIMBO BAKERIES USA SALESPERSONS ANNUITY FUND (2017) Form 5500
Creator: TRUSTEES TEAMSTERS LOCAL 550-BIMBO BAKERIES, SALESPERSONS' ANNUITY FUN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEAMSTERS LOCAL 550 - BIMBO BAKERIES USA SALESPERSONS ANNUITY FUND, TRUSTEES TEAMSTERS LOCAL 550-BIMBO BAKERIES, SALESPERSONS' ANNUITY FUN

TRUSTEES TEAMSTERS LOCAL 550-BIMBO BAKERIES, SALESPERSONS' ANNUITY FUNEIN 64-0957178Plan #001PY 2017

99 TULIP AVENUE - SUITE 402 - FLORAL PARK, NY 110011927516-328-0072LinkedIn11-50 employeesfood production

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

-1.2% from 2016

Total participants

-5.6% from 2016

Average account balance

$190,738

-1.2% from 2016

Annual return

14.62%

+8.77 pp from 2016

Benchmarks

See 3,171 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,171 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.59M

Not enough data

1 years with asset history on file

Average account balance

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

$373K

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$88K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42818

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 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$678K

$45185 / participant

Other / not subdivided$678K100.0%

% of EOY assets

20.902%

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

$190,738

$100,901+89.0%

$75,501+152.6%

$147,586+29.2%

Participation rate

100.0%

77.1%+22.9pp

72.4%+27.6pp

82.8%+17.2pp

Annual return

14.62%

35.78%-21.2pp

27.35%-12.7pp

578.59%-564.0pp

Employer contribution / active EE

$9,988

$3,253+207.0%

$2,352+324.7%

$4,876+104.8%

Participant deferral / active EE

$4,027-100.0%

$3,142-100.0%

$5,439-100.0%

Admin fee / account holder

$39,869

$11,285+253.3%

$5,801+587.3%

$10,886+266.2%

TEAMSTERS LOCAL 550 - BIMBO BAKERIES USA SALESPERSONS ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEAMSTERS LOCAL 550 - BIMBO BAKERIES USA SALESPERSONS ANNUITY FUND

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