Retirement plan

CWA LOCAL 1180 ADMINISTRATIVE FUND MONEY PURCHASE PLAN

Name: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1180 ADMINISTRATIVE FUND - CWA LOCAL 1180 ADMINISTRATIVE FUND MONEY PURCHASE PLAN (2023) Form 5500
Creator: COMMUNICATIONS WORKERS OF AMERICA LOCAL 1180 ADMINISTRATIVE FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CWA LOCAL 1180 ADMINISTRATIVE FUND MONEY PURCHASE PLAN, COMMUNICATIONS WORKERS OF AMERICA LOCAL 1180 ADMINISTRATIVE FUND

COMMUNICATIONS WORKERS OF AMERICA LOCAL 1180 ADMINISTRATIVE FUNDEIN 80-0342121Plan #001PY 2023

6 HARRISON STREET - NEW YORK, NY 100132883212-966-5353cwa1109.orgLinkedIn1-10 employees

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$888K

-3.0% from 2022

Total participants

-20.0% from 2022

Average account balance

$110,944

-3.0% from 2022

Annual return

17.46%

+36.14 pp from 2022

Benchmarks

See 18,480 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,480 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.31M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

100.0%

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

$8K

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

+19.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5853

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 codes2C2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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

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

$258K

$42981 / participant

Other / not subdivided$258K100.0%

% of EOY assets

29.056%

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

$110,944

$96,388+15.1%

$80,627+37.6%

$139,466-20.5%

Participation rate

100.0%

73.6%+26.4pp

67.0%+33.0pp

80.3%+19.7pp

Annual return

17.46%

1352.08%-1334.6pp

936.76%-919.3pp

373.66%-356.2pp

Employer contribution / active EE

$11,699

$3,260+258.9%

$2,723+329.7%

$4,754+146.1%

Participant deferral / active EE

$5,224-100.0%

$4,443-100.0%

$6,712-100.0%

Admin fee / account holder

$32,236

$6,603+388.2%

$5,381+499.1%

$11,409+182.6%

CWA LOCAL 1180 ADMINISTRATIVE FUND MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CWA LOCAL 1180 ADMINISTRATIVE FUND MONEY PURCHASE 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