PlanOptica
Retirement plan

GCIU - EMPLOYER RETIREMENT BENEFIT PLAN

BOARD OF TRUSTEES GCIU - EMPLOYER RETIREMENT BENEFIT PLANEIN 91-6024903Plan #001PY 2021
Sign in to saveView 5500 PDF
2323 EASTLAKE AVE E - SEATTLE, WA 981023963206-726-3244
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(206) 726-3244
How to read this page

Summary metrics

Total assets (EOY)
$1123M
-0.2% from 2016
Total participants
40,373
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
18.09%
-5.49 pp from 2016

Benchmarks

See 69 peers
Peer group
Industry32 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort69 peers
Snapshot2021
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$13,548
median $8,761
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $364,566
Admin fee / account holder
$0
median $561
Annual return
18.09%
median 7.00%
Overall peer rank
63rd 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 28 by compensation
ProviderService typeCompensation
NORTHWEST ADMINISTRATORS4 years
Service code 13 · EIN 91-0680697
Contract Administrator
$1,774,310
KRAW LAW GROUP3 years
Service code 29 · EIN 32-0465891
Legal
$670,147
INTECH INVESTMENT MANAGEMENT, LLC7+ years
Service code 28 · EIN 01-0614895
Investment Management
$625,875
WELLINGTON MANAGEMENT COMPANY LLP2 years
Service code 28 · EIN 04-2683227
Investment Management
$602,185
JP MORGAN INVESTMENT MGMT INC7+ years
Service code 27 · EIN 13-3200244
Advisory (Plan)
$341,579
LINDQUIST LLP7+ years
Service code 10 · EIN 52-2385296
Accounting
$232,255
LOOMIS SAYLES & COMPANY LP1 year
Service code 28 · EIN 04-3200030
Investment Management
$191,232
MILLIMAN, INC1 year
Service code 11 · EIN 91-0675641
Actuarial
$188,500
INVESCO TRUST COMPANY6 years
Service code 28 · EIN 46-3793325
Investment Management
$183,431
COMERICA BANK7+ years
Service code 18 · EIN 42-1741646
Other services; Float revenue; Shareh...
$101,201

Enrolled actuary

1 attachment
MB

REX E. BARKER

MILLIMAN, INC.
Enrollment #2006932
1301 FIFTH AVENUE, SUITE 3800
SEATTLE, WA 981012605
(206) 624-7940
Signed 2022-09-15

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
$9.0M
$6140 / participant
  • Investment mgmt$4M45.7%
  • Contract admin$2M19.5%
  • Other / not subdivided$3M34.8%
% of EOY assets
0.800%
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
WITHUMSMITH+BROWN
Auditor EIN
222027092
Audit fees
(not subdivided)
Opinion code
Unqualified