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Retirement plan

LOCALS 302 & 612 OF THE IUOE -EMPLOYERS CONSTRUCTION INDUSTRY RETIREMENT PLAN

TRUSTEES OF LOCALS 302 & 612 OF THE IUOE -EMPLOYERS CONST. IND. RETIREEIN 91-6028571Plan #001PY 2015
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PO BOX 34203 - SEATTLE, WA 981241203206-441-7574
Prospect flagsHigh retiree %

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
DAREN KONOPASKI
Signed 10/13/2016
(206) 441-7574
Plan administrator signer
BRETT FERULLO
Signed 10/13/2016
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Summary metrics

Total assets (EOY)
$2291.1M
-3.8% from 2016
Total participants
18,594
+0.8% from 2016
Average account balance
$0
No prior year
Annual return
-2.63%
-10.91 pp from 2016

Benchmarks

See 181 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort181 peers
Snapshot2015
Participant deferral / active EE
$0
median $77
Employer contribution / active EE
$15,034
median $7,040
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-2.63%
median -1.02%
Overall peer rank
42nd percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$3.33B
Average account balance
Total assets / participants with a balance (line 6g)
$170K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
11,604
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
$225.42M
Contributions per participant
Average employer and participant contribution per enrolled participant
$28K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+9.14%
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
ProviderService typeCompensation
WASHINGTON CAPITAL MANAGEMENT, INC.1+ years
Service code 28 · EIN 91-1042342
Investment Management
$2,520,292
WELFARE & PENSION ADMIN SERVICE INC1+ years
Service code 12 · EIN 91-1363171
Contract Administrator; Claims proces...
$1,419,662
HAMILTON LANE ADVISORS, LLC1+ years
Service code 28 · EIN 23-2962336
Investment Management
$1,334,200
LSV ASSET MANAGEMENT1+ years
Service code 28 · EIN 23-2772200
Investment Management
$879,773
RAINIER INVESTMENT MGMT LLC1+ years
Service code 28 · EIN 46-4242069
Investment Management
$489,519
STERLING CAPITAL MGMT LLC1+ years
Service code 28 · EIN 42-1658828
Investment Management
$350,632
WESTERN ASSET MANAGEMENT CO.1+ years
Service code 28 · EIN 95-2705767
Investment Management
$300,692
US BANK NA1+ years
Service code 19 · EIN 31-0841368
Securities Custodian
$276,386
MARCO CONSULTING GROUP, INC.1+ years
Service code 17 · EIN 36-3555078
Pension Consulting
$260,000
ALLIANCE BERNSTEIN LP1+ years
Service code 28 · EIN 13-4064930
Investment Management
$258,029

Enrolled actuary

1 attachment
MB

BRUCE CABLE, ASA, EA, MAAA

RAEL & LETSON
Enrollment #1404449
999 THIRD AVENUE, SUITE 1530
SEATTLE, WA 98104
(206) 445-1850
Signed 2016-10-12

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

CategoryCounterpartyRelationship / TermsAddressAmount
Part 1
Loan in default
LEHMAN BROTHERS HOLDINGS—
745 7TH AVENUE
NEW YORK, NY 10019
—

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
$13.4M
$1833 / participant
  • Investment mgmt$11M78.8%
  • Contract admin$1M10.7%
  • Other / not subdivided$1M10.5%
% of EOY assets
0.584%
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