PlanOptica
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 2016
Sign in to saveView 5500 PDF
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 10/13/2017
(206) 441-7574
Plan administrator signer
BRETT FERULLO
Signed 10/13/2017
How to read this page

Summary metrics

Total assets (EOY)
$2382.9M
-3.8% from 2016
Total participants
18,440
+0.8% from 2016
Average account balance
$0
No prior year
Annual return
8.28%
-10.91 pp from 2016

Benchmarks

See 215 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort215 peers
Snapshot2016
Participant deferral / active EE
$0
median $31
Employer contribution / active EE
$15,748
median $6,836
Participation rate
0.0%
median 0.0%
Avg account balance
$0
median $57,821
Admin fee / account holder
$0
median $387
Annual return
8.28%
median 6.54%
Overall peer rank
71st 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.2+ years
Service code 28 · EIN 91-1042342
Investment Management
$2,830,198
WELFARE & PENSION ADMIN SERVICE INC2+ years
Service code 12 · EIN 91-1363171
Contract Administrator; Direct paymen...
$1,521,938
HAMILTON LANE ADVISORS, LLC2+ years
Service code 28 · EIN 23-2962336
Investment Management
$816,478
LSV ASSET MANAGEMENT2+ years
Service code 28 · EIN 23-2772200
Investment Management
$631,959
RAINIER INVESTMENT MGMT LLC2+ years
Service code 28 · EIN 46-4242069
Investment Management
$479,116
FRANKLIN TEMPLETON INVESTMENT CO.1 year
Service code 28 · EIN 94-3385113
Investment Management
$425,736
WESTERN ASSET MANAGEMENT CO.2+ years
Service code 28 · EIN 95-2705767
Investment Management
$308,449
STERLING CAPITAL MGMT LLC2+ years
Service code 28 · EIN 42-1658828
Investment Management
$265,186
MARCO CONSULTING GROUP, INC.2+ years
Service code 17 · EIN 36-3555078
Pension Consulting
$260,781
ASB CAPITAL MANAGMENT, LLC2+ years
Service code 28 · EIN 80-0618452
Investment Management
$249,544

Enrolled actuary

1 attachment
MB

BRUCE CABLE, ASA, EA, MAAA

RAEL & LETSON
Enrollment #1704449
999 THIRD AVENUE, SUITE 1530
SEATTLE, WA 98104
(206) 445-1850
Signed 2017-09-30

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
$17.3M
$2461 / participant
  • Investment mgmt$14M82.1%
  • Contract admin$2M9.5%
  • Other / not subdivided$1M8.4%
% of EOY assets
0.727%
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