Retirement plan
GCIU - EMPLOYER RETIREMENT BENEFIT PLAN
BOARD OF TRUSTEES GCIU-EMPLOYER RETIREMENT BENEFIT PLANEIN 91-6024903Plan #001PY 2023
2323 EASTLAKE AVENUE EAST - SEATTLE, WA 981023963206-726-3244
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$838M
-0.2% from 2016
Total participants
37,365
+2.2% from 2016
Average account balance
$0
No prior year
Annual return
8.54%
-5.49 pp from 2016
Benchmarks
Peer group
Industry32 - Manufacturing
Plan typeDefined benefit
Participants1,000-4,999
Cohort57 peers
Snapshot2023
0
Participant deferral / active EE
$0
median $102
30
Employer contribution / active EE
$14,882
median $10,621
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $13,363
0
Admin fee / account holder
$0
median $125
50
Annual return
8.54%
median 8.54%
Overall peer rank
40of 100
40th 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 22 by compensation
| Provider | Service type | Compensation |
|---|---|---|
NORTHWEST ADMINISTRATORS6 years Service code 13 · EIN 91-0680697 | Contract Administrator | $2,250,644 |
KRAW LAW GROUP5 years Service code 29 · EIN 32-0465891 | Legal | $584,515 |
Service code 27 · EIN 94-2854958 | Advisory (Plan) | $499,490 |
Service code 28 · EIN 30-0865489 | Investment Management | $431,196 |
MILLIMAN, INC.9+ years Service code 11 · EIN 91-0675641 | Actuarial | $407,038 |
Service code 27 · EIN 13-3200244 | Advisory (Plan) | $292,060 |
WITHUMSMITH&BROWN, PC1 year Service code 10 · EIN 22-2027092 | Accounting | $244,618 |
KP LLC3 years Service code 16 · EIN 93-0563572 | Consulting | $202,906 |
COMERICA BANK9+ years Service code 18 · EIN 42-1741646 | Shareholder servicing fees; Direct pa... | $171,846 |
LOOMIS, SAYLES & COMPANY LP9+ years Service code 28 · EIN 04-3200030 | Investment Management | $152,702 |
Enrolled actuary
1 attachment
MB
REX E. BARKER
MILLIMAN, INC.
Enrollment #2306932
1301 FIFTH AVENUE, SUITE 3800
SEATTLE, WA 981012605
(206) 624-7940
Signed 2024-09-06
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
$9.9M
$7892 / participant
- Recordkeeping$123K1.2%
- Trustee / custodial$134K1.4%
- Investment mgmt$3M29.6%
- Legal$698K7.1%
- Actuarial$407K4.1%
- Other trustee fees$8K0.1%
- Contract admin$2M22.4%
- Other / not subdivided$3M34.1%
% of EOY assets
1.180%
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
- WITHUMSMITH+BROWN, PC
- Auditor EIN
- 222027092
- Audit fees
- $121,341
- Opinion code
- Unqualified