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 2019
PO BOX 34203 - SEATTLE, WA 981241203206-441-7574
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ANDREW LEDBETTER
Signed 10/07/2020
Summary metrics
Total assets (EOY)
$2579.8M
-3.8% from 2016
Total participants
19,435
+0.8% from 2016
Average account balance
$0
No prior year
Annual return
15.40%
-10.91 pp from 2016
Benchmarks
Peer group
Industry23 - Construction
Plan typeDefined benefit
Participants5,000-9,999
Cohort30 peers
Snapshot2019
0
Participant deferral / active EE
$0
median $62
83
Employer contribution / active EE
$18,980
median $13,751
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
59
Annual return
15.40%
median 13.23%
Overall peer rank
71of 100
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 29 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 28 ยท EIN 91-1042342 | Investment Management | $3,294,961 |
Service code 10 ยท EIN 91-1363171 | Accounting | $1,539,732 |
HAMILTON LANE ADVISORS, LLC5+ years Service code 28 ยท EIN 23-2962336 | Investment Management | $611,591 |
STERLING CAPITAL MGMT LLC5+ years Service code 28 ยท EIN 42-1658828 | Investment Management | $460,748 |
Service code 28 ยท EIN 94-3385113 | Investment Management | $430,954 |
Service code 28 ยท EIN 20-0292745 | Investment Management | $381,966 |
SEGAL MARCO ADVISORS3 years Service code 27 ยท EIN 13-2646110 | Advisory (Plan) | $337,146 |
BOSTON TRUST & INV. MGMT. CO.5+ years Service code 19 ยท EIN 04-2273811 | Securities Custodian | $330,470 |
WESTERN ASSET MANAGEMENT CO.5+ years Service code 28 ยท EIN 95-2705767 | Investment Management | $321,976 |
ASB CAPITAL MANAGMENT, LLC5+ years Service code 28 ยท EIN 80-0618452 | Investment Management | $261,878 |
Enrolled actuary
1 attachment
MB
BRIAN J HARPER, EA, MAAA
RAEL & LETSON
Enrollment #2006435
999 THIRD AVENUE, SUITE 1530
SEATTLE, WA 98104
(206) 456-3340
Signed 2020-10-12
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
$16.9M
$2152 / participant
- Investment mgmt$13M75.2%
- Contract admin$2M9.6%
- Other / not subdivided$3M15.2%
% of EOY assets
0.657%
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