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UAW Local 2179

Plan Rating

Overview Financials Service Providers Investments Insurance Information

FORM 5500 DATA

Local 2179 UAW Pension Plan

Plan Rating

Overview Financials Service Providers Investments Insurance Information

Overview

Plan Information

Plan Year01/01/2019 — 12/31/2019
Date of Plan01/01/1997
Net Assets as of 12/31/2019 $3,982,645
Plan Number1
Plan Type Multi-Employer
Is the plan collectively bargained?Yes
Did the plan file for an extension of time or the DFVC Program?Yes
Plan Funding Arrangement Trust
Plan Benefit Arrangement Trust

Participant Information as of 12/31/2019

Active (Eligible) Participants314
Retired or separated participants receiving benefits0
Other retired or separated participants entitled to future benefits321
Subtotal635
Deceased participants whose beneficiaries are receiving or are entitled to receive benefits6
Total641
Total number of participants as of 01/01/2019670
Number of participants with account balances634
Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

Total Benefit Payments$0
Corrective Distributions$0
Administrative Service Providers$0
Other Expenses$0
Total Expenses$0
Total Transfers$0

Audit Information

Audit StatusAudited
AuditorGould, Kobrick & Schlapp, P.C.
Auditor EIN13-3082707
Audit OpinionUnqualified
Audit Type Full Audit

Benefits Provided Under the Plan

Code	Benefit	Description
2E	Profit-sharing	A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
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.
2G	Total participant-directed account plan	Participants have the opportunity to direct the investment of all 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	A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.

Questions and Answers

Question	Answer	Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102?	Yes	$72,181
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance.	No
Were any leases to which the plan was a party in default or classified during the year as uncollectible?	No
Were there any nonexempt transactions with any party-in-interest?	No
Was this plan covered by a fidelity bond?	Yes	$500,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty?	No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser?	No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser?	No
Did the plan have assets held for investment?	Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets?	No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC?	No
Has the plan failed to provide any benefit when due under the plan?	No
If this is an individual account plan, was there a blackout period?	No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3?	No

Financials

Income and Expense Statement

Income

$769,952

Contributions

$283,425

Cash Contributions

$283,425

	Cash from Employers	$178,930
	Cash from Participants	$104,495
	Others (including rollovers)	$0

Noncash Contributions

Total Earnings on Investments

$483,560

Total Interest

	Interest-Bearing Cash	$0
	U.S. Government Securities	$0
	Corporate Debt Instruments	$0
	Loans (other than to participants)	$0
	Participant Loans	$0
	Interest from Other Investments	$0

Total Dividends

$26,791

	Preferred Stock	$0
	Common Stock	$0

Rents

Net gain (loss) on sale of assets

	Aggregate Proceeds	$0
	Aggregate Carrying Amount	$0

Total Unrealized Appreciation (depreciation) of assets

	Real Estate	$0
	Other	$0

Net investment gain (loss) from common/collective trusts

$296,807

Net investment gain (loss) from pooled separate accounts

Net investment gain (loss) from master trust investment accounts

Net investment gain (loss) from 103-12 investment entities

Net investment gain (loss) from registered investment companies

$159,962

Other Income

$2,967

Expenses

$293,462

Total Benefit Payments

$201,039

	Directly to participants or beneficiaries, including direct rollovers	$201,039
	To insurance carriers for the provision of benefits	$0
	Other Benefit Payment Fees	$0

Corrective Distributions

Certain deemed distributions of participant loans

Interest expense

Total Administrative Expenses

$92,423

	Professional Fees	$21,300
	Contract Administrator Fees	$37,813
	Investment Advisory and management fees	$12,500
	Other Administrative Fees	$20,810

Net Income

$476,490

	Transfers of Assets to this Plan	$0
	Transfers of Assets from this Plan	$0

Asset and Liability Statement

12/31/2019

12/31/2018

Change YOY

Total Assets

$4,000,656

$3,518,655

13.70%

Total noninterest-bearing cash

$97,865

$79,281

23.44%

Receivables

$34,736

$26,458

31.29%

Employer Contributions	$25,230	$11,559	118.27%
Participant Contributions	$9,506	$9,040	5.15%
Other Contributions	$0	$5,859	0.0%

General Investments

0.0%

Interest-bearing cash

0.0%

U.S. Government Securities

0.0%

Corporate Debt Instruments

0.0%

	Preferred		$0	$0	0.0%
	All Other		$0	$0	0.0%

Corporate Stocks

0.0%

	Preferred		$0	$0	0.0%
	Common		$0	$0	0.0%

Partnership/joint venture interests

0.0%

Real estate (other than employer real property)

0.0%

Loans (other than to participants)

0.0%

Participants Loans

0.0%

Value of interest in common/collective trusts

$2,723,431

$2,536,627

7.36%

Value of interest in pooled separate accounts

0.0%

Value of interest in master trust investment accounts

0.0%

Value of interest in 103-12 investment entities

0.0%

Value of interest in registered investment companies

$1,144,043

$875,376

30.69%

Value of funds held in insurance co. general account

0.0%

Other Investments

0.0%

Employer-related Investments

0.0%

	Employer Securities		$0	$0	0.0%
	Employer Real Property		$0	$0	0.0%

Buildings and other property used in plan operation

$581

$913

-36.36%

Total Liabilities

$18,011

$12,500

44.09%

Benefit Claims Payable (1)	$0	$0	0.0%
Operating Payables (1)	$13,220	$12,500	5.76%
Acquisition Indebtedness (1)	$0	$0	0.0%
Other liabilities (1)	$4,791	$0	0.0%

Net Assets

$3,982,645

$3,506,155

13.59%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

Pimco
American Funds
Vanguard

Other Service Providers Receiving Direct or Indirect Compensation

Name	Nature of Service	Relationship to Plan Sponsor	Direct Compensation Paid by Plan	Indirect Compensation Paid by Plan	Total Compensation
Wells Fargo	Direct payment from the plan, Trustee (bank, trust company, or similar financial institution), Other services, Recordkeeping and information management (computing, tabulating, data processing, etc.), Investment management fees paid indirectly by plan, Recordkeeping fees, Float revenue	Service Provider	$50,313	$0	$50,313
Uaw Local 2179	Recordkeeping and information management (computing, tabulating, data processing, etc.), Direct payment from the plan	Related Union	$13,269	$0	$13,269
Gould, Kobrick & Schlapp, P.C.	Accounting (including auditing)	NONE	$12,500	$0	$12,500
Eisner & Dictor	Legal	NONE	$5,000	$0	$5,000
Total			$81,082	$0	$81,082

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Name of Investment	Investment Manager	Type of Investment	Dollar Value
Stable Return Fund F	Wells Fargo Bank, N.A.	DFE: Common/Collective Trust	$1,652,688
Blackrock S&P 500 Index Cit F	Wells Fargo Bank, N.A.	DFE: Common/Collective Trust	$768,498
Blackrock S&P Midcap Index Cit F	Wells Fargo Bank, N.A.	DFE: Common/Collective Trust	$295,970
Blackrock Russel 2000 Index Cit F	Wells Fargo Bank, N.A.	DFE: Common/Collective Trust	$6,275
Total			$2,723,431

Insurance Information

There are no insurance carriers listed for this plan.

UAW Local 2179

Local 2179 UAW Pension Plan

Form 5500 Year:

Overview

Plan Information

Participant Information as of 12/31/2019

Expenses

Sponsor Information

Audit Information

Benefits Provided Under the Plan

Questions and Answers

Financials

Income and Expense Statement

Asset and Liability Statement

Service Providers

Persons Receiving Only Eligible Indirect Compensation

Other Service Providers Receiving Direct or Indirect Compensation

Indirect Compensation

Service Providers Who Fail or Refuse to Provide Information

Termination Information on Accountants and Enrolled Actuaries

Investments

Investments

Insurance Information

Insurance Information