Retirement plan

CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN

Name: TRUSTEES OF THE CULINARY LOCAL 226 RETIREMENT SAVINGS PLAN - CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN (2025) Form 5500
Creator: TRUSTEES OF THE CULINARY LOCAL 226 RETIREMENT SAVINGS PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN, TRUSTEES OF THE CULINARY LOCAL 226 RETIREMENT SAVINGS PLAN

TRUSTEES OF THE CULINARY LOCAL 226 RETIREMENT SAVINGS PLANEIN 88-0028065Plan #002PY 2025

5241 SPRING MOUNTAIN ROAD - LAS VEGAS, NV 89146702-385-2131culinaryunion226.orgLinkedIn51-200 employeesnon-profit organization management

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.5M

+7.8% from 2024

Total participants

163

+8.7% from 2024

Average account balance

$97,660

+9.8% from 2024

Annual return

11.08%

+0.63 pp from 2024

Benchmarks

See 1,263 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,263 peers

Snapshot2025

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$10.55M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

108

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$664K

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

+11.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$663

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.11+ years Service code 15 · EIN 91-0675641	Recordkeeping	$49,017
JP MORGAN INVESTMENT MANAGEMENT INC11+ years Filed as: INVESTMENT MANAGEMENT CONSULTANTS Service code 28 · EIN 88-0444272	Investment Management	$20,060
MMA SECURITIES LLC3 years Filed as: MARSH& MCLENNAN AGENCY LLC Service code 23 · EIN 36-2668272	Insurance services; Direct payment fr...	$4,453
CHARLES SCHWAB & CO., INC.11+ years Service code 15 · EIN 94-1737782	Recordkeeping	$0
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$72K

$490 / participant

Recordkeeping$21K29.4%
Investment mgmt$25K34.4%
Other / not subdivided$26K36.2%

% of EOY assets

0.679%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,660

$56,317+73.4%

$71,209+37.1%

$74,304+31.4%

Participation rate

62.3%

55.1%+7.2pp

73.8%-11.4pp

60.3%+2.0pp

Annual return

11.08%

42.83%-31.8pp

282.51%-271.4pp

29.43%-18.3pp

Employer contribution / active EE

$1,807

$2,160-16.3%

$2,721-33.6%

$2,241-19.4%

Participant deferral / active EE

$2,738

$2,788-1.8%

$4,175-34.4%

$3,767-27.3%

Admin fee / account holder

$663

$2,290-71.1%

$5,349-87.6%

$2,969-77.7%

Provider

Service type

Compensation

MILLIMAN, INC.11+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$49,017

JP MORGAN INVESTMENT MANAGEMENT INC11+ years

Filed as: INVESTMENT MANAGEMENT CONSULTANTS

Service code 28 · EIN 88-0444272

Investment Management

$20,060

MMA SECURITIES LLC3 years

Filed as: MARSH& MCLENNAN AGENCY LLC

Service code 23 · EIN 36-2668272

Insurance services; Direct payment fr...

$4,453

CHARLES SCHWAB & CO., INC.11+ years

Service code 15 · EIN 94-1737782

Recordkeeping

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

CULINARY WORKERS LOCAL 226 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

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