Retirement plan

TRANSPORT WORKERS UNION OF AMERICA LOCAL 513 RETIREMENT PLAN

Name: TRANSPORT WORKERS UNION OF AMERICA LOCAL 513 - TRANSPORT WORKERS UNION OF AMERICA LOCAL 513 RETIREMENT PLAN (2022) Form 5500
Creator: TRANSPORT WORKERS UNION OF AMERICA LOCAL 513
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSPORT WORKERS UNION OF AMERICA LOCAL 513 RETIREMENT PLAN, TRANSPORT WORKERS UNION OF AMERICA LOCAL 513

TRANSPORT WORKERS UNION OF AMERICA LOCAL 513EIN 75-1902075Plan #001PY 2022

2508 CASTLE ROAD - BURLESON, TX 76028817-714-3775LinkedIn51-200 employeesairlines/aviation

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.2M

-22.1% from 2021

Total participants

172

-13.1% from 2021

Average account balance

$64,422

-16.2% from 2021

Annual return

-15.84%

-45.71 pp from 2021

Benchmarks

See 1,125 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,125 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.61M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

253

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.

73.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$422K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+6.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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 4 by compensation

Provider	Service type	Compensation
DEBBIE MITCHELL2 years Filed as: DEBBIE FOISY Service code 14 2508 CASTLE ROAD · BURLESON, TX 76028	Plan Administrator	$34,286
CONNER & WINTERS1 year Service code 11 4100 FIRST PLACE TOWER · TULSA, OK 74103	Actuarial	$10,946
CLIFTONLARSONALLEN LLP2 years Filed as: CLIFTONLARSONALLEN, LLP Service code 10 · EIN 41-0746749	Accounting	$10,264
T ROWE PRICE RPS INC7+ years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$953

Plan features & details

Pension benefit codes2A2E2F2G2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$70K

$440 / participant

Investment mgmt$1790.3%
Other / not subdivided$69K99.7%

% of EOY assets

0.679%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSENALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,422

$63,471+1.5%

$68,803-6.4%

$66,949-3.8%

Participation rate

91.8%

60.0%+31.8pp

69.0%+22.8pp

69.8%+22.0pp

Annual return

-15.84%

-8.29%-7.6pp

-6.37%-9.5pp

1.57%-17.4pp

Employer contribution / active EE

$2,642

$1,776+48.8%

$2,656-0.5%

$2,545+3.8%

Participant deferral / active EE

$2,946-100.0%

$3,942-100.0%

$4,239-100.0%

Admin fee / account holder

$437

$578-24.3%

$4,936-91.1%

$594-26.3%

Provider

Service type

Compensation

DEBBIE MITCHELL2 years

Filed as: DEBBIE FOISY

Service code 14

2508 CASTLE ROAD · BURLESON, TX 76028

Plan Administrator

$34,286

CONNER & WINTERS1 year

Service code 11

4100 FIRST PLACE TOWER · TULSA, OK 74103

Actuarial

$10,946

CLIFTONLARSONALLEN LLP2 years

Filed as: CLIFTONLARSONALLEN, LLP

Service code 10 · EIN 41-0746749

Accounting

$10,264

T ROWE PRICE RPS INC7+ years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$953

TRANSPORT WORKERS UNION OF AMERICA LOCAL 513 RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSPORT WORKERS UNION OF AMERICA LOCAL 513 RETIREMENT 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