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 2020
PO BOX 34203 - SEATTLE, WA 981241203206-441-7574
Prospect flagsHigh retiree %
Filing contacts
From the Form 5500, federal recordPlan administrator signer
ANDREW LEDBETTER
Signed 10/13/2021
Summary metrics
Total assets (EOY)
$2812.5M
-3.8% from 2016
Total participants
19,451
+0.8% from 2016
Average account balance
$0
No prior year
Annual return
11.75%
-10.91 pp from 2016
Benchmarks
Peer group
Industry23 - Construction
Plan typeDefined benefit
Participants5,000-9,999
Cohort30 peers
Snapshot2020
0
Participant deferral / active EE
$0
median $28
86
Employer contribution / active EE
$19,481
median $13,375
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
0
Admin fee / account holder
$0
72
Annual return
11.75%
median 8.56%
Overall peer rank
79of 100
79th 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 31 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 28 ยท EIN 91-1042342 | Investment Management | $2,993,139 |
Service code 10 ยท EIN 91-1363171 | Accounting | $1,658,744 |
Service code 28 ยท EIN 94-3385113 | Investment Management | $528,559 |
STERLING CAPITAL MGMT LLC6+ years Service code 28 ยท EIN 42-1658828 | Investment Management | $445,075 |
SEGAL ADVISORS, INC.1 year Service code 27 ยท EIN 13-2646110 | Advisory (Plan) | $411,152 |
WESTERN ASSET MANAGEMENT CO.6+ years Service code 28 ยท EIN 95-2705767 | Investment Management | $310,976 |
PACIFIC INV. MGMT CO. LLC6+ years Service code 28 ยท EIN 33-0629048 | Investment Management | $270,101 |
LOOMIS, SAYLES & COMPANY, LP6+ years Service code 28 ยท EIN 20-8080381 | Investment Management | $269,179 |
Service code 28 ยท EIN 20-0292745 | Investment Management | $259,672 |
BOSTON TRUST & INV. MGMT. CO.6+ years Service code 19 ยท EIN 04-2273811 | Securities Custodian | $218,250 |
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 2021-10-13
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
$24.8M
$3158 / participant
- Investment mgmt$22M87.9%
- Contract admin$2M6.4%
- Other / not subdivided$1M5.7%
% of EOY assets
0.881%
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