Retirement plan
IAM NATIONAL PENSION FUND
BOARD OF TRUSTEES OF THE I.A.M. NATIONAL PENSION FUNDEIN 51-6031295Plan #002PY 2021
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$15850.4M
-3.0% from 2016
Total participants
298,081
-2.2% from 2016
Average account balance
$0
No prior year
Annual return
9.67%
-9.93 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort206 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $81
30
Employer contribution / active EE
$5,366
median $6,074
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
37
Annual return
9.67%
median 11.59%
Overall peer rank
33of 100
33rd percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$15.01B
Average account balance
Total assets / participants with a balance (line 6g)
$48K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
208,887
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
$640.24M
Contributions per participant
Average employer and participant contribution per enrolled participant
$6K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+7.79%
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 13-3702086 | Investment Management | $4,850,376 |
ENTRUSTPERMAL6 years Service code 28 · EIN 41-2048502 | Investment Management | $4,616,773 |
VITECH SYSTEMS SUB LLC1 year Service code 50 · EIN 13-3785492 | Direct Payment | $4,208,847 |
NATIONAL IAM BENEFIT TRUST5 years Service code 22 · EIN 36-6562520 | Insurance Broker | $3,436,998 |
AMERICAN REALTY ADVISORS7+ years Service code 28 · EIN 33-0123114 | Investment Management | $2,463,755 |
HAMILTON LANE ADVISORS LLC7+ years Service code 28 · EIN 23-2962336 | Investment Management | $2,418,335 |
ACADIAN ASSET MANAGEMENT LLC7+ years Service code 28 · EIN 04-2929221 | Investment Management | $2,383,692 |
Service code 28 · EIN 42-0127290 | Investment Management | $1,936,691 |
T. ROWE PRICE TRUST COMPANY7+ years Service code 21 · EIN 52-1309931 | Bank Trustee | $1,902,702 |
JACKSON SQUARE PARTNERS2 years Service code 28 · EIN 80-0945254 | Investment Management | $1,859,608 |
Enrolled actuary
1 attachment
MB
GENE KALWARSKI, FSA, EA
CHEIRON, INC.
Enrollment #2002845
8300 GREENSBORO DRIVE, SUITE 800
MCLEAN, VA 22102
(703) 893-1456
Signed 2022-10-07
Plan features & details
Pension benefit codes1B
Plan features
- 1BBenefits are primarily flat dollarBenefits are primarily a flat dollar amount (including a dollar amount per year of service).
Opportunity flags
1 tripped
- 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
$80.4M
$851 / participant
- Investment mgmt$39M49.0%
- Other / not subdivided$41M51.0%
% of EOY assets
0.507%
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
- NOVAK FRANCELLA LLC
- Auditor EIN
- 611436956
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified