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 (2023) 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 2023

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$5.5M

+16.3% from 2022

Total participants

0.0% from 2022

Average account balance

$342,289

+16.3% from 2022

Annual return

16.19%

+31.27 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$123K

$12262 / participant

Other / not subdivided$123K100.0%

% of EOY assets

2.239%

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

$342,289

$95,580+258.1%

$76,872+345.3%

$139,466+145.4%

Participation rate

100.0%

74.0%+26.0pp

69.6%+30.4pp

80.3%+19.7pp

Annual return

16.19%

55.00%-38.8pp

37.90%-21.7pp

373.66%-357.5pp

Employer contribution / active EE

$11,374

$3,145+261.6%

$2,533+349.0%

$4,754+139.3%

Participant deferral / active EE

$4,623-100.0%

$3,832-100.0%

$6,712-100.0%

Admin fee / account holder

$7,664

$8,302-7.7%

$5,476+39.9%

$11,409-32.8%

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