Retirement plan
GCIU - EMPLOYER RETIREMENT BENEFIT PLAN
BOARD OF TRUSTEES GCIU-EMPLOYER RETIREMENT BENEFIT PLANEIN 91-6024903Plan #001PY 2022
2323 EASTLAKE AVENUE EAST - SEATTLE, WA 981023963206-726-3244
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$878.3M
-0.2% from 2016
Total participants
39,384
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
-12.64%
-5.49 pp from 2016
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort67 peers
Snapshot2022
0
Participant deferral / active EE
$0
median $0
38
Employer contribution / active EE
$22,866
median $8,717
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $2,456,633
0
Admin fee / account holder
$0
median $14,884
86
Annual return
-12.64%
median -17.30%
Overall peer rank
62of 100
62nd 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 26 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NORTHWEST ADMINISTRATORS5 years Service code 13 · EIN 91-0680697 | Contract Administrator | $1,951,485 |
KRAW LAW GROUP4 years Service code 29 · EIN 32-0465891 | Legal | $599,463 |
Service code 28 · EIN 04-2683227 | Investment Management | $518,659 |
Service code 28 · EIN 01-0614895 | Investment Management | $477,495 |
Service code 27 · EIN 94-2854958 | Advisory (Plan) | $352,159 |
JP MORGAN INVESTMENT MGMT INC8+ years Service code 27 · EIN 13-3200244 | Advisory (Plan) | $318,032 |
WITHUMSMITH+BROWN, PC1 year Service code 10 · EIN 22-2027092 | Accounting | $185,925 |
LOOMIS SAYLES & COMPANY LP2 years Service code 28 · EIN 04-3200030 | Investment Management | $181,751 |
MILLIMAN, INC2 years Service code 11 · EIN 91-0675641 | Actuarial | $177,837 |
INVESCO TRUST COMPANY7 years Service code 28 · EIN 46-3793325 | Investment Management | $114,029 |
Enrolled actuary
1 attachment
MB
REX E. BARKER
MILLIMAN, INC.
Enrollment #2306932
1301 FIFTH AVENUE, SUITE 3800
SEATTLE, WA 981012605
(206) 624-7940
Signed 2023-09-08
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
$8.5M
$6120 / participant
- Investment mgmt$4M42.0%
- Contract admin$2M23.2%
- Other / not subdivided$3M34.9%
% of EOY assets
0.967%
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, PC
- Auditor EIN
- 222027092
- Audit fees
- (not subdivided)
- Opinion code
- Unqualified