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 (2017) 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 2017

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

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$5.1M

+80.3% from 2016

Total participants

640

+46.1% from 2016

Average account balance

$8,045

-12.4% from 2016

Annual return

24.71%

+19.76 pp from 2016

Benchmarks

See 664 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort664 peers

Snapshot2017

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 3 by compensation

Provider	Service type	Compensation
CHERNOFF DIAMOND & CO., LLC3+ years Filed as: CHERNOFF DIAMOND AND CO., LLC Service code 15 · EIN 11-2836994	Recordkeeping	$40,428
PROSKAUER ROSE LLP2 years Service code 29 · EIN 13-1840454	Legal	$18,699
CALIBRE CPA GROUP PLLC1 year Service code 10 · EIN 47-0900880	Accounting	$6,255

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$98K

$167 / participant

Contract admin$39K39.6%
Other / not subdivided$59K60.4%

% of EOY assets

1.908%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,045

$31,424-74.4%

$81,473-90.1%

$69,631-88.4%

Participation rate

100.0%

50.8%+49.2pp

68.0%+32.0pp

70.7%+29.3pp

Annual return

24.71%

22.44%+2.3pp

38.78%-14.1pp

27571.02%-27546.3pp

Employer contribution / active EE

$2,216

$1,029+115.3%

$2,568-13.7%

$2,032+9.0%

Participant deferral / active EE

$648

$1,838-64.7%

$3,537-81.7%

$3,224-79.9%

Admin fee / account holder

$153

$103+49.6%

$4,561-96.6%

$110+39.0%

Provider

Service type

Compensation

CHERNOFF DIAMOND & CO., LLC3+ years

Filed as: CHERNOFF DIAMOND AND CO., LLC

Service code 15 · EIN 11-2836994

Recordkeeping

$40,428

PROSKAUER ROSE LLP2 years

Service code 29 · EIN 13-1840454

Legal

$18,699

CALIBRE CPA GROUP PLLC1 year

Service code 10 · EIN 47-0900880

Accounting

$6,255

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