Retirement plan

LOCAL 813 SAVINGS AND THRIFT TRUST FUND

Name: BOARD OF TRUSTEES OF LOCAL 813 SAVINGS AND THRIFT TRUST FUND - LOCAL 813 SAVINGS AND THRIFT TRUST FUND (2024) Form 5500
Creator: BOARD OF TRUSTEES OF LOCAL 813 SAVINGS AND THRIFT TRUST FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 813 SAVINGS AND THRIFT TRUST FUND, BOARD OF TRUSTEES OF LOCAL 813 SAVINGS AND THRIFT TRUST FUND

BOARD OF TRUSTEES OF LOCAL 813 SAVINGS AND THRIFT TRUST FUNDEIN 80-0529051Plan #001PY 2024

48-18 VAN DAM STREET, SUITE 201 - LONG ISLAND CITY, NY 11101718-937-7150LinkedIn201-500 employeesenvironmental services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$30.5M

+24.1% from 2023

Total participants

1,398

+2.3% from 2023

Average account balance

$21,810

+18.9% from 2023

Annual return

10.36%

-6.20 pp from 2023

Benchmarks

See 388 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.49M

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

1,398

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

$4.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$219

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
USI CONSULTING GROUP6 years Service code 15 · EIN 06-1053228	Recordkeeping	$133,490
PROSKAUER ROSE LLP9 years Service code 29 · EIN 13-1840454	Legal	$26,152
C AND S CONSULTING4 years Filed as: C&S CONSULTING Service code 20 · EIN 88-2270288	Direct payment from the plan; Trustee...	$12,000
CALIBRE CPA GROUP PLLC8 years Service code 10 · EIN 47-0900880	Accounting	$8,326

Plan features & details

Pension benefit codes2E2F2G2J2T

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$306K

$245 / participant

Recordkeeping$145K47.3%
Legal$26K8.5%
Salaries / allowances$103K33.8%
Other trustee fees$12K3.9%
Other / not subdivided$20K6.4%

% of EOY assets

1.003%

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: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $8,326
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,810

$44,897-51.4%

$85,063-74.4%

$199,874-89.1%

Participation rate

100.0%

45.7%+54.3pp

67.5%+32.5pp

72.0%+28.0pp

Annual return

10.36%

20.96%-10.6pp

66.54%-56.2pp

34.28%-23.9pp

Employer contribution / active EE

$3,156

$1,365+131.2%

$2,727+15.7%

$3,036+4.0%

Participant deferral / active EE

$620

$2,668-76.7%

$4,523-86.3%

$5,090-87.8%

Admin fee / account holder

$219

$584-62.5%

$6,155-96.4%

$269-18.7%

Provider

Service type

Compensation

USI CONSULTING GROUP6 years

Service code 15 · EIN 06-1053228

Recordkeeping

$133,490

PROSKAUER ROSE LLP9 years

Service code 29 · EIN 13-1840454

Legal

$26,152

C AND S CONSULTING4 years

Filed as: C&S CONSULTING

Service code 20 · EIN 88-2270288

Direct payment from the plan; Trustee...

$12,000

CALIBRE CPA GROUP PLLC8 years

Service code 10 · EIN 47-0900880

Accounting

$8,326

LOCAL 813 SAVINGS AND THRIFT TRUST FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 813 SAVINGS AND THRIFT TRUST 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