Retirement plan
IAM NATIONAL PENSION FUND
BOARD OF TRUSTEES OF THE I.A.M. NATIONAL PENSION FUNDEIN 51-6031295Plan #002PY 2023
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$14299.9M
-3.0% from 2016
Total participants
309,531
-2.2% from 2016
Average account balance
$0
No prior year
Annual return
6.93%
-9.93 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort191 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $12
33
Employer contribution / active EE
$5,561
median $5,926
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
35
Annual return
6.93%
median 8.27%
Overall peer rank
34of 100
34th 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 |
|---|---|---|
ACADIAN ASSET MANAGEMENT LLC9+ years Service code 28 · EIN 04-2929221 | Investment Management | $6,078,196 |
NATIONAL IAM BENEFIT TRUST7 years Service code 23 · EIN 36-6562520 | Direct payment from the plan; Insuran... | $3,440,594 |
Service code 28 · EIN 13-3702086 | Investment Management | $3,411,835 |
Service code 28 · EIN 90-0644478 | Investment Management | $3,275,869 |
VITECH SYSTEMS SUB LLC3 years Service code 50 · EIN 13-3785492 | Direct Payment | $2,994,761 |
PROSKAUER ROSE, LLP5 years Service code 29 · EIN 13-1840454 | Legal | $2,875,651 |
HAMILTON LANE ADVISORS LLC9+ years Service code 28 · EIN 23-2962336 | Investment Management | $2,842,053 |
AMERICAN REALTY ADVISORS9+ years Service code 28 · EIN 33-0123114 | Investment Management | $2,838,921 |
RICE HALL JAMES & ASSOCIATES LLC9+ years Service code 28 · EIN 43-1992528 | Investment Management | $2,667,436 |
Service code 28 · EIN 42-0127290 | Investment Management | $2,410,016 |
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 2024-10-03
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
$92.8M
$906 / participant
- Recordkeeping$76K0.1%
- Trustee / custodial$495K0.5%
- Investment mgmt$39M42.4%
- Legal$4M4.3%
- Actuarial$605K0.7%
- Salaries / allowances$20M21.7%
- Other / not subdivided$28M30.4%
% of EOY assets
0.649%
all-in expense ratio
Categories reported
6 / 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
- $148,759
- Opinion code
- Unqualified