Retirement plan

ILWU, LOCAL 13 RETIREMENT SAVINGS PLAN

Name: INTERNATIONAL LONGSHORE & WAREHOUSE UNION, LOCAL 13 - ILWU, LOCAL 13 RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: INTERNATIONAL LONGSHORE & WAREHOUSE UNION, LOCAL 13
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ILWU, LOCAL 13 RETIREMENT SAVINGS PLAN, INTERNATIONAL LONGSHORE & WAREHOUSE UNION, LOCAL 13

INTERNATIONAL LONGSHORE & WAREHOUSE UNION, LOCAL 13EIN 95-0866302Plan #001PY 2023

630 CENTRE STREET - SAN PEDRO, CA 90731310-830-1130ilwu13.comLinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

+13.6% from 2022

Total participants

-13.3% from 2022

Average account balance

$77,716

+31.0% from 2022

Annual return

16.38%

+30.33 pp from 2022

Benchmarks

See 41,776 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort41,776 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.60M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$128K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+19.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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 codes2E2F2G2J3D

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.
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

$97K

$8787 / participant

Other / not subdivided$97K100.0%

% of EOY assets

9.567%

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

$77,716

$96,691-19.6%

$86,656-10.3%

$139,487-44.3%

Participation rate

100.0%

74.4%+25.6pp

71.7%+28.3pp

80.3%+19.7pp

Annual return

16.38%

106.87%-90.5pp

593.09%-576.7pp

373.84%-357.5pp

Employer contribution / active EE

$4,000

$3,267+22.4%

$3,025+32.2%

$4,755-15.9%

Participant deferral / active EE

$2,420

$4,838-50.0%

$4,439-45.5%

$6,713-63.9%

Admin fee / account holder

$7,435

$6,414+15.9%

$5,619+32.3%

$11,407-34.8%

ILWU, LOCAL 13 RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ILWU, LOCAL 13 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