Retirement plan
CENTRAL STATES, SOUTHEAST & SOUTHWEST AREAS PENSION PLAN
TRUSTEES OF CENTRAL STATES, SE AND SW AREAS PENSION FUNDEIN 36-6044243Plan #001PY 2019
8647 WEST HIGGINS ROAD - CHICAGO, IL 606312803847-518-9800LinkedIn10001+ employeespackage/freight delivery
Prospect flagsHigh retiree %Low returnsLow participant contribution
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$14556.1M
+6.8% from 2016
Total participants
375,199
+1.6% from 2016
Average account balance
$0
No prior year
Annual return
6.10%
-5.19 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort222 peers
Snapshot2019
2
Participant deferral / active EE
$0
median $57
48
Employer contribution / active EE
$9,641
median $5,966
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $894,319,009
0
Admin fee / account holder
$0
median $2,968,729
15
Annual return
6.10%
median 16.59%
Overall peer rank
22of 100
22nd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$48.22B
Average account balance
Total assets / participants with a balance (line 6g)
$145K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
293,918
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$455.03M
Contributions per participant
Average employer and participant contribution per enrolled participant
$12K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+1.91%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 10 of 50 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NORTHERN TRUST INVESTMENTS, INC.5+ years Service code 31 · EIN 36-3608252 | Named fiduciary | $4,340,622 |
Service code 51 · EIN 25-1442864 | Investment Mgmt Fees | $3,000,094 |
Service code 51 · EIN 13-3806691 | Investment Mgmt Fees | $2,101,552 |
THE BANK OF NEW YORK MELLON5+ years Service code 15 · EIN 13-5160382 | Recordkeeping | $2,015,202 |
OAKTREE CAPITAL MANAGEMENT, L.P.5+ years Service code 51 · EIN 26-0189082 | Investment Mgmt Fees | $1,546,502 |
Service code 51 | Investment Mgmt Fees | $809,408 |
Service code 51 · EIN 98-1068927 | Investment Mgmt Fees | $643,241 |
THE SEGAL COMPANY5+ years Service code 11 · EIN 13-1975125 | Actuarial | $618,429 |
STATE STREET GLOBAL ADVISORS5+ years Service code 51 · EIN 81-4017137 | Investment Mgmt Fees | $586,663 |
ADVENTUS US REALTY 12 LP3 years Service code 49 · EIN 81-3722421 | Other Services | $546,221 |
Enrolled actuary
1 attachment
MB
DANIEL V. CINER, MAAA
SEGAL
Enrollment #2005773
101 NORTH WACKER DRIVE, SUITE 500
CHICAGO, IL 606061724
(312) 984-8500
Signed 2020-08-28
Reportable transactions (Schedule G)
8 rows
Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.
| Category | Counterparty | Relationship / Terms | Address | Amount |
|---|---|---|---|---|
| Part 1 Loan in default | PETROLEOS DE VENEZUELA, S.A. | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA, S.A. | — | — | — |
| Part 1 Loan in default | PETROLEOS DE VENEZUELA, S.A. | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT SECURITY | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT SECURITY | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT SECURITY | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT SECURITY | — | — | — |
| Part 1 Loan in default | VENEZUELA GOVERNMENT SECURITY | — | — | — |
Top hat statement on fileNQDC
Filed November 22, 2002
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
Plan features & details
Pension benefit codes1B1E
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
- 1ESection 401(h) arrangementPlan contains separate accounts under Code section 401(h) to provide employee health benefits.
Opportunity flags
3 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Expense breakdown
Schedule H Part II
Admin total
$58.3M
$1013 / participant
- Investment mgmt$14M23.6%
- Other / not subdivided$45M76.4%
% of EOY assets
0.400%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- LINDQUIST LLP
- Auditor EIN
- 522385296
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified