The annual reports are filed with the U.S. Department of Labor's Pension and Welfare Benefits Administration, as required under the Employer Retirement Income Security Act of 1974 (ERISA). The summary contains a Basic Financial Statement and details on how to obtain the full annual report.A specific example of the Basic Financial Statement:Participant and beneficiaries: 35,496Income: $144,322,272 employer contributions: $38,799,742 employee contributions: $171,869,636 rollover contributions: $64,452,274 investments earnings: -$130,799,380Plan Expenses: $30,709,194 administrative expenses: $91,388 benefits paid: $30,498,680 other: $119,126Plan Assets: 12/31/2000: $920,641,990 01/01/2000: $802,783,130 difference: $117,858,860Questions:1) I notice Income minus Expenses is $113,613,078. I thought this should match the difference in the plan assets. Why not?2) The average of the start and end assets is $861,712,560. The investment loss is $130,799,380 or about 15%. Does this mean the average account lost approximately 15%?3) The employer match is $1500. Employer contributions divided by this match is about 25,866 persons. Does this mean there are roughly 10,000 beneficiaries? Who is a beneficiary?4) The employee contributions divided by 25,866 persons is about $6,600. So is that a fair estimate of the average employee contribution?5) Any thing I should be checking or can conclude form this report?Thanks!
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