Retirement plan

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION, AFL-CIO SOUTH EAST FLORIDA PORTS DEFINED CONTRIBUTION PLAN

Name: INTERNATIONAL LONGSHOREMEN'S ASSOCIATION - INTERNATIONAL LONGSHOREMEN'S ASSOCIATION, AFL-CIO SOUTH EAST FLORIDA PORTS DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: INTERNATIONAL LONGSHOREMEN'S ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL LONGSHOREMEN'S ASSOCIATION, AFL-CIO SOUTH EAST FLORIDA PORTS DEFINED CONTRIBUTION PLAN, INTERNATIONAL LONGSHOREMEN'S ASSOCIATION

INTERNATIONAL LONGSHOREMEN'S ASSOCIATIONEIN 65-0501004Plan #002PY 2024

2475 HOLLYWOOD BLVD - HOLLYWOOD, FL 33020305-377-3777LinkedIn1-10 employeescivic & social organization

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$42.4M

+10.2% from 2023

Total participants

1,993

+5.0% from 2023

Average account balance

$21,276

+5.0% from 2023

Annual return

20.23%

+9.63 pp from 2023

Benchmarks

See 265 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort265 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.40M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

1,993

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.83M

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

+20.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$207

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 3 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Service code 15 · EIN 01-0233346	Recordkeeping	$144,885
ARTY COHN & FEUER LC9+ years Service code 10 · EIN 59-0718930	Accounting	$40,140
SUGARMAN & SUSSKIND PA4 years Service code 29 · EIN 59-2539792	Legal	$29,535

Plan features & details

Pension benefit codes2E2F2G2T2J

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$412K

$212 / participant

Investment mgmt$26K6.4%
Legal$30K7.2%
Salaries / allowances$57K13.9%
Contract admin$143K34.6%
Other / not subdivided$156K37.9%

% of EOY assets

0.971%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARTY COHN & FEUER LC
Auditor EIN: 650718930
Audit fees: $30,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,276

$81,301-73.8%

$76,030-72.0%

$200,096-89.4%

Participation rate

100.0%

70.1%+29.9pp

69.1%+30.9pp

72.0%+28.0pp

Annual return

20.23%

16.31%+3.9pp

361.54%-341.3pp

34.26%-14.0pp

Employer contribution / active EE

$3,370

$3,352+0.5%

$2,688+25.4%

$3,038+10.9%

Participant deferral / active EE

$1,185

$4,721-74.9%

$4,257-72.2%

$5,090-76.7%

Admin fee / account holder

$207

$145+42.5%

$6,421-96.8%

$269-23.3%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Service code 15 · EIN 01-0233346

Recordkeeping

$144,885

ARTY COHN & FEUER LC9+ years

Service code 10 · EIN 59-0718930

Accounting

$40,140

SUGARMAN & SUSSKIND PA4 years

Service code 29 · EIN 59-2539792

Legal

$29,535

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION, AFL-CIO SOUTH EAST FLORIDA PORTS DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL LONGSHOREMEN'S ASSOCIATION, AFL-CIO SOUTH EAST FLORIDA PORTS DEFINED CONTRIBUTION 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