Retirement plan
CENTRAL PENSION FUND OF THE IUOE & PARTICIPATING EMPLOYERS
BOARD OF TRUSTEES OF THE CPF OF THE IUOE AND PARTICIPATING EMPLOYERSEIN 36-6052390Plan #001PY 2023
Other plans on this EIN
1 filingProspect flagsHigh retiree %Low returns
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$23467M
-9.5% from 2017
Total participants
224,866
+14.0% from 2017
Average account balance
$0
No prior year
Annual return
-5.40%
-13.76 pp from 2017
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort30 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $0
41
Employer contribution / active EE
$10,660
median $4,724
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
0
Annual return
-5.40%
median 9.60%
Overall peer rank
21of 100
21st percentileavg across 6 metrics
Analytics
2016 - 2025
Total assets (EOY)
Plan-year ending balance
$27.44B
Average account balance
Total assets / participants with a balance (line 6g)
$118K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
128,792
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
$1.25B
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
+11.35%
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 |
|---|---|---|
Service code 28 · EIN 13-4994650 | Investment Management | $2,555,088 |
LOOMIS, SAYLES & COMPANY, LP4 years Service code 28 · EIN 04-3200030 | Investment Management | $2,111,865 |
STATE STREET GLOBAL ADVISORS7 years Service code 18 · EIN 81-4017137 | Other fees; Investment management fee... | $1,754,678 |
DOUBLELINE CAPITAL1 year Service code 28 · EIN 30-0596331 | Investment Management | $1,677,739 |
CAREFIRST BLUE CROSS BLUE SHIELD8+ years Service code 23 · EIN 53-0078070 | Insurance services | $1,210,857 |
Service code 27 · EIN 36-3109431 | Advisory (Plan) | $1,202,930 |
MERGANSER CAPITAL MANAGEMENT8+ years Service code 28 · EIN 46-3651540 | Investment Management | $1,128,256 |
THE BANK OF NEW YORK MELLON5 years Service code 18 · EIN 13-5160382 | Investment management; Custodial (sec... | $1,091,120 |
DODGE & COX8+ years Service code 28 · EIN 94-1441976 | Investment Management | $1,009,007 |
Service code 28 · EIN 13-3959209 | Investment Management | $1,001,002 |
Enrolled actuary
1 attachment
MB
JONATHAN M. FELDMAN
HORIZON ACTUARIAL SERVICES, LLC
Enrollment #2306980
8601 GEORGIA AVENUE, SUITE 700
SILVER SPRING, MD 20910
(240) 247-4600
Signed 2023-10-24
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 | KAISA GROUP HOLDINGS LTD | — | — | — |
| Part 1 Loan in default | KAISA GROUP HOLDINGS LTD | — | — | — |
| Part 1 Loan in default | KAISA GROUP HOLDINGS LTD | — | — | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDING, INC. | — | 277 PARK AVENUE NEW YORK, NY 10172 | — |
| Part 1 Loan in default | LEHMAN BROTHERS HOLDING, INC. | — | 277 PARK AVENUE NEW YORK, NY 10172 | — |
| Part 1 Loan in default | 1839688 ALBERTA ULC | — | — | — |
| Part 1 Loan in default | CHINA EVERGRANDE GROUP | — | — | — |
| Part 1 Loan in default | CHINA EVERGRANDE GROUP | — | — | — |
Top hat statement on fileNQDC
Filed December 16, 1994
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 codes1A
Plan features
- 1ABenefits are primarily pay relatedBenefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
Opportunity flags
2 tripped
- 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
$56.5M
$562 / participant
- Investment mgmt$34M59.9%
- Other / not subdivided$23M40.1%
% of EOY assets
0.241%
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
- CALIBRE CPA GROUP, PLLC
- Auditor EIN
- 470900880
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified