1 critical issue
Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401K F
51-6124191· Englewood Cliffs, NJ· Vanguard· 2024 filing· vs 139 plans your size in your industry
C
0/100
Overall grade
Middle of the pack, with clear ways to do better.
C
Fees
A
Financial Wellness
F
Plan design
D
Compliance
Fees
Your plan pays around 25 bps of assets per year. Similar plans pay around 19 bps. Your plan is pricier than most similar plans.
cheaper64th percentilepricier
Financial Wellness
Strong savings. Employees put away $8,532/employee a year. That's more than 96% of similar plans.
lower96th percentilehigher
Plan design
The employer contributes through profit sharing rather than a standard match.
Employer contributes via profit sharing
No standard match, but the employer puts money in through profit sharing. Often a flat percentage to everyone, which works like a match for employees.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
No brokerage window
Employees can only invest through the plan's core fund menu. A brokerage window opens the wider market for people who want more control.
Compliance & health
1 critical issue on the latest filing. These need attention.
Late employee deposits
Employee 401(k) deposits didn't reach the plan on time. The DOL treats this as a prohibited transaction, and it's one of the most common audit triggers. It needs a formal correction, not just a late deposit.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
Compare
How does Bd of Tees of Elevator Constructors Union Local No. 1 Annuity & 401K F stack up against another company?
Search a competitor to see the two report cards side by side.
Prefer to use your EIN?
Recordkeeper
Vanguard
No provider notes available.
Key insights
- Strongest area: financial wellness. Strong savings. Employees put away $8,532/employee a year. That's more than 96% of similar plans.
- Best place to improve: plan design. The employer contributes through profit sharing rather than a standard match.
Ask about your plan
Grounded in your Form 5500 data
Live
Try asking:
Shift+Enter for new line · Enter to send