Retirement plan

INLANDBOATMEN'S UNION OF THE PACIFIC NATIONAL 401(K) PLAN

Name: BOARD OF TRUSTEES, IBU OF THE PACIFIC NATIONAL PENSION - INLANDBOATMEN'S UNION OF THE PACIFIC NATIONAL 401(K) PLAN (2024) Form 5500
Creator: BOARD OF TRUSTEES, IBU OF THE PACIFIC NATIONAL PENSION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INLANDBOATMEN'S UNION OF THE PACIFIC NATIONAL 401(K) PLAN, BOARD OF TRUSTEES, IBU OF THE PACIFIC NATIONAL PENSION

BOARD OF TRUSTEES, IBU OF THE PACIFIC NATIONAL PENSIONEIN 93-0792184Plan #002PY 2024

5331 S MACADAM AVE STE 220 - PORTLAND, OR 97239503-224-0048

Other plans on this EIN

1 filing

#001Retirement-$280.9M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$64.5M

+11.0% from 2023

Total participants

548

-21.9% from 2023

Average account balance

$117,627

+9.7% from 2023

Annual return

15.06%

+3.11 pp from 2023

Benchmarks

See 680 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort680 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68.86M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

612

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

$3.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$255

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 5 by compensation

Provider	Service type	Compensation
VERUS9+ years Service code 27 · EIN 91-1320111	Advisory (Plan)	$38,333
BENESYS, INC.9+ years Filed as: BENESYS INC Service code 14 · EIN 38-2383171	Plan Administrator	$28,410
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK TRUST COMPANY, LLC Service code 15 · EIN 01-0233346	Recordkeeping	$26,174
CLIFTONLARSONALLEN LLP5 years Filed as: CLIFTONLARSONALLEN LP Service code 10 · EIN 41-0746749	Accounting	$17,756
BROWNSTEIN RASK LLP6 years Filed as: BROWNSTEIN RASK Service code 29 · EIN 93-0589000	Legal	$7,410

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

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

$157K

$563 / participant

Recordkeeping$28K18.0%
Investment mgmt$38K24.4%
Legal$7K4.7%
Other trustee fees$3K2.0%
Contract admin$28K18.1%
Other / not subdivided$51K32.7%

% of EOY assets

0.244%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: $17,756
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,627

$55,402+112.3%

$76,089+54.6%

$77,714+51.4%

Participation rate

100.0%

63.6%+36.4pp

69.1%+30.9pp

70.6%+29.4pp

Annual return

15.06%

17.09%-2.0pp

360.94%-345.9pp

31.26%-16.2pp

Employer contribution / active EE

$1,789-100.0%

$2,690-100.0%

$2,727-100.0%

Participant deferral / active EE

$11,704

$3,450+239.2%

$4,259+174.8%

$4,649+151.7%

Admin fee / account holder

$287

$410-30.1%

$6,418-95.5%

$433-33.9%

Provider

Service type

Compensation

VERUS9+ years

Service code 27 · EIN 91-1320111

Advisory (Plan)

$38,333

BENESYS, INC.9+ years

Filed as: BENESYS INC

Service code 14 · EIN 38-2383171

Plan Administrator

$28,410

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK TRUST COMPANY, LLC

Service code 15 · EIN 01-0233346

Recordkeeping

$26,174

CLIFTONLARSONALLEN LLP5 years

Filed as: CLIFTONLARSONALLEN LP

Service code 10 · EIN 41-0746749

Accounting

$17,756

BROWNSTEIN RASK LLP6 years

Filed as: BROWNSTEIN RASK

Service code 29 · EIN 93-0589000

Legal

$7,410

INLANDBOATMEN'S UNION OF THE PACIFIC NATIONAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INLANDBOATMEN'S UNION OF THE PACIFIC NATIONAL 401(K) 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