Retirement plan
GCIU - EMPLOYER RETIREMENT BENEFIT PLAN
BOARD OF TRUSTEES GCIU-EMPLOYER RETIREMENT BENEFIT PLANEIN 91-6024903Plan #001PY 2018
2323 EASTLAKE AVENUE EAST - SEATTLE, WA 981023963206-726-3244
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
JOHN D. BACHLER
Signed 10/09/2019
Summary metrics
Total assets (EOY)
$969.8M
-0.2% from 2016
Total participants
43,840
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
-4.27%
-5.49 pp from 2016
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort92 peers
Snapshot2018
0
Participant deferral / active EE
$0
median $0
42
Employer contribution / active EE
$18,767
median $7,706
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $5,379,476
0
Admin fee / account holder
$0
median $4,675
58
Annual return
-4.27%
median -4.88%
Overall peer rank
50of 100
50th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$1.76B
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.
35,979
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
$36.70M
Contributions per participant
Average employer and participant contribution per enrolled participant
$32K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+121.91%
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 38 by compensation
| Provider | Service type | Compensation |
|---|---|---|
BENEFIT PROGRAMS ADMINISTRATION4+ years Service code 13 ยท EIN 13-2501278 | Contract Administrator | $1,425,957 |
NORTHWEST ADMINISTRATORS1 year Service code 13 225 S LAKE AVE 1200 ยท PASADENA, CA 91101 | Contract Administrator | $584,938 |
Service code 28 ยท EIN 01-0614895 | Investment Management | $540,675 |
CORNWELL & BALDWIN4+ years Service code 29 ยท EIN 32-0453228 | Legal | $494,797 |
INVESCO TRUST COMPANY3 years Service code 28 ยท EIN 46-3793325 | Investment Management | $469,298 |
LOOMIS, SAYLES & COMPANY LP4+ years Service code 28 ยท EIN 04-3200030 | Investment Management | $376,394 |
Service code 27 ยท EIN 94-2854958 | Advisory (Plan) | $330,672 |
LINDQUIST LLP4+ years Service code 10 ยท EIN 52-2385296 | Accounting | $328,914 |
JP MORGAN INVESTMENT MGMT INC4+ years Service code 27 ยท EIN 13-3200244 | Advisory (Plan) | $311,580 |
WELLINGTON1 year Service code 28 ยท EIN 04-2683227 | Investment Management | $215,131 |
Enrolled actuary
1 attachment
MB
REX E. BARKER
MILLIMAN, INC.
Enrollment #1706932
1301 FIFTH AVENUE, SUITE 3800
SEATTLE, WA 981012605
(206) 624-7940
Signed 2019-09-24
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
$9.1M
$4234 / participant
- Investment mgmt$4M47.8%
- Contract admin$2M18.3%
- Other / not subdivided$3M34.0%
% of EOY assets
0.935%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Unqualified opinion
Auditor signed off without reservation - the cleanest possible opinion.
- Auditor firm
- LINDQUIST LLP
- Auditor EIN
- 522385296
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified