Retirement plan

HIGH FALLS OPERATING CO LOCAL 86 IBEW AFL CIO PENSION PLAN

Name: HIGH FALLS OPERATING COMPANY, LLC - HIGH FALLS OPERATING CO LOCAL 86 IBEW AFL CIO PENSION PLAN (2017) Form 5500
Creator: HIGH FALLS OPERATING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIGH FALLS OPERATING CO LOCAL 86 IBEW AFL CIO PENSION PLAN, HIGH FALLS OPERATING COMPANY, LLC

HIGH FALLS OPERATING COMPANY, LLCEIN 80-0301564Plan #001PY 2017

445 ST. PAUL STREET - ROCHESTER, NY 14605585-263-9221LinkedIn201-500 employeesfood production

Other plans on this EIN

1 filing

#004Retirement-$10.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$945K

-14.7% from 2016

Total participants

+22.2% from 2016

Average account balance

$85,873

-30.2% from 2016

Annual return

5.77%

+6.67 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

$1.01M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+7.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46960

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 codes2E2F2G2J3D2T

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

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

$341K

$34110 / participant

Other / not subdivided$341K100.0%

% of EOY assets

36.111%

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

$85,873

$100,901-14.9%

$75,670+13.5%

$147,585-41.8%

Participation rate

100.0%

77.1%+22.9pp

72.3%+27.7pp

82.8%+17.2pp

Annual return

5.77%

35.78%-30.0pp

27.34%-21.6pp

578.57%-572.8pp

Employer contribution / active EE

$4,367

$3,253+34.2%

$2,352+85.7%

$4,876-10.4%

Participant deferral / active EE

$6,329

$4,027+57.1%

$3,142+101.4%

$5,439+16.4%

Admin fee / account holder

$31,009

$11,285+174.8%

$5,800+434.7%

$10,885+184.9%

HIGH FALLS OPERATING CO LOCAL 86 IBEW AFL CIO PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HIGH FALLS OPERATING CO LOCAL 86 IBEW AFL CIO 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