Retirement plan
IAM NATIONAL PENSION FUND
BOARD OF TRUSTEES OF THE I.A.M. NATIONAL PENSION FUNDEIN 51-6031295Plan #002PY 2024
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$15013.3M
-3.0% from 2016
Total participants
311,750
-2.2% from 2016
Average account balance
$0
No prior year
Annual return
7.79%
-9.93 pp from 2016
Benchmarks
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants>=10,000
Cohort185 peers
Snapshot2024
0
Participant deferral / active EE
$0
median $11
36
Employer contribution / active EE
$6,224
median $6,224
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
58
Annual return
7.79%
median 6.42%
Overall peer rank
47of 100
47th 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 | $5,702,960 |
VITECH SYSTEMS SUB LLC4 years Service code 50 · EIN 13-3785492 | Direct Payment | $5,247,314 |
ACADIAN ASSET MANAGEMENT LLC10+ years Service code 28 · EIN 04-2929221 | Investment Management | $4,425,556 |
NATIONAL IAM BENEFIT TRUST8 years Service code 23 · EIN 36-6562520 | Direct payment from the plan; Other s... | $3,668,377 |
PROSKAUER ROSE, LLP6 years Service code 29 · EIN 13-1840454 | Legal | $3,103,566 |
HEITMAN CAPITAL MANAGEMENT5 years Service code 28 · EIN 36-4263867 | Investment Management | $2,588,436 |
AMERICAN REALTY ADVISORS10+ years Service code 28 · EIN 33-0123114 | Investment Management | $2,488,843 |
HAMILTON LANE ADVISORS LLC10+ years Service code 28 · EIN 23-2962336 | Investment Management | $2,334,955 |
Service code 28 · EIN 42-0127290 | Investment Management | $2,110,743 |
HARVEST FUND ADVISORS LLC5 years Service code 28 · EIN 13-4314689 | Investment Management | $1,964,222 |
Enrolled actuary
1 attachment
MB
ADAM CONDRICK, MAAA
SEGAL
Enrollment #2306512
1800 M STREET NW, SUITE 900 S
WASHINGTON, DC 20036
(202) 833-6400
Signed 2025-09-18
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
$95.5M
$929 / participant
- Recordkeeping$172K0.2%
- Trustee / custodial$1M1.2%
- Investment mgmt$37M38.8%
- Legal$3M3.4%
- Actuarial$656K0.7%
- Salaries / allowances$25M25.8%
- Other trustee fees$28K0.0%
- Other / not subdivided$29M29.9%
% of EOY assets
0.636%
all-in expense ratio
Categories reported
7 / 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
- $163,526
- Opinion code
- Unqualified