Retirement plan

OPEIU NATIONAL RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES OF THE OPEIU NATIONAL RETIREMENT SAVINGS PLAN - OPEIU NATIONAL RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: BOARD OF TRUSTEES OF THE OPEIU NATIONAL RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OPEIU NATIONAL RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES OF THE OPEIU NATIONAL RETIREMENT SAVINGS PLAN

BOARD OF TRUSTEES OF THE OPEIU NATIONAL RETIREMENT SAVINGS PLANEIN 82-4669377Plan #001PY 2020

265 WEST 14TH ST, SUITE 610 - NEW YORK, NY 10011212-727-3466

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$89.5M

+1620.2% from 2019

Total participants

1,429

+288.3% from 2019

Average account balance

$62,648

+343.0% from 2019

Annual return

1627.41%

+1627.41 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$113.69M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

2,052

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.

59.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.30M

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

+15.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$369

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 2 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL RETIREMENT INSRANCE AND Service code 13 · EIN 06-1050034	Contract Administrator	$38,172
GALLAGHER FIDUCIARY ADVISORS, LLC1 year Filed as: ARTHUR J GALLAGHER RISK MANAGEMENT Service code 49 · EIN 36-2102482	Other Services	$10,340

Plan features & details

Pension benefit codes2E2F2G2J2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$50K

$54 / participant

Other / not subdivided$50K100.0%

% of EOY assets

0.055%

all-in expense ratio

Categories reported

0 / 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

$62,648

$52,722+18.8%

$90,430-30.7%

$73,412-14.7%

Participation rate

100.0%

67.7%+32.3pp

72.7%+27.3pp

72.2%+27.8pp

Annual return

1627.41%

20.70%+1606.7pp

1293.73%+333.7pp

59.30%+1568.1pp

Employer contribution / active EE

$3,292

$1,872+75.9%

$3,262+0.9%

$2,234+47.4%

Participant deferral / active EE

$2,402

$2,810-14.5%

$3,963-39.4%

$3,806-36.9%

Admin fee / account holder

$35

$117-70.3%

$5,613-99.4%

$158-78.1%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL RETIREMENT INSRANCE AND

Service code 13 · EIN 06-1050034

Contract Administrator

$38,172

GALLAGHER FIDUCIARY ADVISORS, LLC1 year

Filed as: ARTHUR J GALLAGHER RISK MANAGEMENT

Service code 49 · EIN 36-2102482

Other Services

$10,340

OPEIU NATIONAL RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OPEIU NATIONAL RETIREMENT SAVINGS 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