Retirement plan

TRUSTEES OF CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN

Name: TRUSTEES OF CULINARY & BARTENDERS UNION - TRUSTEES OF CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: TRUSTEES OF CULINARY & BARTENDERS UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRUSTEES OF CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN, TRUSTEES OF CULINARY & BARTENDERS UNION

TRUSTEES OF CULINARY & BARTENDERS UNIONEIN 88-0028065Plan #002PY 2020

1630 SOUTH COMMERCE ST. - LAS VEGAS, NV 89102702-385-2131culinaryunion226.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.2M

+13.4% from 2019

Total participants

139

-4.8% from 2019

Average account balance

$81,286

+17.5% from 2019

Annual return

17.17%

-3.10 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.78M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

110

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.

69.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$678K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$344

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
MILLIMAN, INC.6+ years Service code 15 · EIN 91-0675641	Recordkeeping	$39,266
JP MORGAN INVESTMENT MANAGEMENT INC6+ years Filed as: INVESTMENT MANAGEMENT CONSULTANTS Service code 28 · EIN 88-0444272	Investment Management	$15,675
CHARLES SCHWAB & CO., INC.6+ years Service code 15 · EIN 94-1737782	Recordkeeping	$0
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB BANK Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$23K

$201 / participant

Other / not subdivided$23K100.0%

% of EOY assets

0.246%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LAYTON LAYTON & TOBLER LLP
Auditor EIN: 880176927
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,286

$66,124+22.9%

$90,461-10.1%

$73,497+10.6%

Participation rate

76.8%

69.7%+7.1pp

72.7%+4.1pp

70.7%+6.1pp

Annual return

17.17%

17.65%-0.5pp

1294.76%-1277.6pp

28.51%-11.3pp

Employer contribution / active EE

$2,333

$2,346-0.6%

$3,264-28.5%

$2,270+2.8%

Participant deferral / active EE

$2,718

$3,039-10.5%

$3,964-31.4%

$3,740-27.3%

Admin fee / account holder

$200

$396-49.6%

$5,617-96.4%

$513-61.1%

Provider

Service type

Compensation

MILLIMAN, INC.6+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$39,266

JP MORGAN INVESTMENT MANAGEMENT INC6+ years

Filed as: INVESTMENT MANAGEMENT CONSULTANTS

Service code 28 · EIN 88-0444272

Investment Management

$15,675

CHARLES SCHWAB & CO., INC.6+ years

Service code 15 · EIN 94-1737782

Recordkeeping

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB BANK

Service code 19

Securities Custodian

TRUSTEES OF CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRUSTEES OF CULINARY WORKERS LOCAL 226 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