PlanOptica
Retirement plan

IAM NATIONAL PENSION FUND

BOARD OF TRUSTEES OF THE I.A.M. NATIONAL PENSION FUNDEIN 51-6031295Plan #002PY 2022
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99 M STREET, SE, SUITE 600 - WASHINGTON, DC 200034595202-785-2658LinkedIn10001+ employeesmachinery
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(202) 785-2658
How to read this page

Summary metrics

Total assets (EOY)
$13802.4M
-3.0% from 2016
Total participants
297,410
-2.2% from 2016
Average account balance
$0
No prior year
Annual return
-9.88%
-9.93 pp from 2016

Benchmarks

See 204 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort204 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$5,786
median $6,003
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $1,469,698
Admin fee / account holder
$0
median $19,323
Annual return
-9.88%
median -13.75%
Overall peer rank
53rd 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
ProviderService typeCompensation
ENTRUSTPERMAL7 years
Service code 28 · EIN 41-2048502
Investment Management
$4,841,375
AMERICAN REALTY ADVISORS8+ years
Service code 28 · EIN 33-0123114
Investment Management
$3,232,069
ACADIAN ASSET MANAGEMENT LLC8+ years
Service code 28 · EIN 04-2929221
Investment Management
$2,387,558
RICE HALL JAMES & ASSOCIATES LLC8+ years
Service code 28 · EIN 43-1992528
Investment Management
$2,384,274
HARVEST FUND ADVISORS LLC3 years
Service code 28 · EIN 13-4314689
Investment Management
$2,314,671
HEITMAN CAPITAL MANAGEMENT3 years
Service code 28 · EIN 36-4263867
Investment Management
$2,285,971
HAMILTON LANE ADVISORS LLC8+ years
Service code 28 · EIN 23-2962336
Investment Management
$2,231,305
PROSKAUER ROSE, LLP4 years
Service code 29 · EIN 13-1840454
Legal
$2,051,247
VITECH SYSTEMS SUB LLC2 years
Service code 50 · EIN 13-3785492
Direct Payment
$1,620,717
BLACKSTONE ALTERNATIVE ASSET MGMT4 years
Service code 28 · EIN 13-3702086
Investment Management
$1,468,493

Enrolled actuary

1 attachment
MB

ADAM CONDRICK, MAAA

SEGAL
Enrollment #2306512
1800 M STREET NW, STE 900 S
WASHINGTON, DC 20036
(202) 833-6400
Signed 2023-10-05

Reportable transactions (Schedule G)

2 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.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 3
Non-exempt transaction
NATIONAL I.A.M. BENEFIT TRUST FUND
RELATED BENEFIT FUND
EXTENSION OF CREDIT.
—$2.1M
Part 3
Non-exempt transaction
IAM NATIONAL 401(K) PLAN
RELATED BENEFIT FUND
EXTENSION OF CREDIT.
—$1.0M

Plan features & details

Pension benefit codes1B
Plan features
  • 1B
    Benefits are primarily flat dollar
    Benefits 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
$78.6M
$853 / participant
  • Investment mgmt$32M40.3%
  • Other / not subdivided$47M59.7%
% of EOY assets
0.570%
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