Retirement plan

ILWU-PMA BENEFIT PLANS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: THE TRUSTEES OF THE ILWU-PMA WELFARE PLAN - ILWU-PMA BENEFIT PLANS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2024) Form 5500
Creator: THE TRUSTEES OF THE ILWU-PMA WELFARE PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILWU-PMA BENEFIT PLANS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, THE TRUSTEES OF THE ILWU-PMA WELFARE PLAN

THE TRUSTEES OF THE ILWU-PMA WELFARE PLANEIN 94-6068578Plan #002PY 2024

1188 FRANKLIN STREET, SUITE 300 - SAN FRANCISCO, CA 94109415-673-8500LinkedIn1-10 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$11.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.1M

+17.4% from 2023

Total participants

+6.8% from 2023

Average account balance

$180,412

+7.0% from 2023

Annual return

16.18%

-3.38 pp from 2023

Benchmarks

See 7,155 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,155 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.12M

Not enough data

1 years with asset history on file

Average account balance

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

$180K

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.

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$603K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+16.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11527

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$519K

$15719 / participant

Other / not subdivided$519K100.0%

% of EOY assets

6.389%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$180,412

$138,385+30.4%

$184,243-2.1%

$80,925+122.9%

Participation rate

93.9%

83.9%+10.0pp

86.8%+7.1pp

67.7%+26.3pp

Annual return

16.18%

20.02%-3.8pp

28.82%-12.6pp

35.65%-19.5pp

Employer contribution / active EE

$9,703

$4,851+100.0%

$6,427+51.0%

$2,756+252.0%

Participant deferral / active EE

$8,581

$7,075+21.3%

$9,132-6.0%

$4,299+99.6%

Admin fee / account holder

$11,527

$10,489+9.9%

$13,914-17.2%

$6,940+66.1%

ILWU-PMA BENEFIT PLANS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILWU-PMA BENEFIT PLANS 401(K) PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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