PlanOptica
Retirement plan

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

BOARD OF TRUSTEES, LOCALS 302 & 612 OF THE IUOE -dba EMPLOYERS CONST IND RETIREEIN 91-6028571Plan #001PY 2022
Sign in to saveView 5500 PDF
PO BOX 34203 - SEATTLE, WA 98124206-441-7574
Prospect flagsHigh retiree %Low participation

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(206) 441-7574
Plan administrator signer
MILLER KAPLAN ARASE LLP
Signed 10/18/2023
How to read this page

Summary metrics

Total assets (EOY)
$2815.8M
-3.8% from 2016
Total participants
20,117
+0.8% from 2016
Average account balance
$0
No prior year
Annual return
-9.67%
-10.91 pp from 2016

Benchmarks

See 169 peers
Peer group
Industryany (size+type match)
Plan typeDefined benefit
Participants5,000-9,999
Cohort169 peers
Snapshot2022
Participant deferral / active EE
$0
median $38
Employer contribution / active EE
$23,683
median $6,355
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
-9.67%
median -14.53%
Overall peer rank
49th 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 23 by compensation
ProviderService typeCompensation
WASHINGTON CAPITAL MANAGEMENT, INC.8+ years
Service code 28 ยท EIN 91-1042342
Investment Management
$3,335,585
WELFARE & PENSION ADMIN SERVICE INC8+ years
Service code 13 ยท EIN 91-1363171
Contract Administrator
$1,729,196
THE UNION LABOR LIFE INSURANCE CO8+ years
Service code 51 ยท EIN 13-1423090
Investment Mgmt Fees
$863,498
STERLING CAPITAL MGMT LLC8+ years
Service code 51 ยท EIN 42-1658828
Investment Mgmt Fees
$474,429
FRANKLIN TEMPLETON INV. COUNSEL LLC3 years
Service code 28 ยท EIN 94-3385113
Investment Management
$456,465
BOSTON TRUST & INV. MGMT. CO2 years
Service code 19 ยท EIN 04-2273811
Securities Custodian
$449,847
SEGAL ADVISORS, INC2 years
Service code 17 ยท EIN 13-2646110
Pension Consulting
$410,522
PARAMETRIC PORTFOLIO ASSOCIATES LLC8+ years
Service code 51 ยท EIN 20-0292745
Investment Mgmt Fees
$347,958
LSV ASSET MANAGEMENT8+ years
Service code 51 ยท EIN 23-2772200
Investment Mgmt Fees
$299,655
LOOMIS, SAYLES & COMPANY, LP8+ years
Service code 51 ยท EIN 20-8080381
Investment Mgmt Fees
$265,967

Enrolled actuary

1 attachment
MB

BRIAN J HARPER, EA, MAAA

RAEL & LETSON
Enrollment #2306435
601 UNION ST STE 2415
SEATTLE, WA 98101
(206) 456-3340
Signed 2023-10-12

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

2 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

  • 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
$11.6M
$1397 / participant
  • Investment mgmt$8M71.0%
  • Contract admin$2M14.5%
  • Other / not subdivided$2M14.5%
% of EOY assets
0.414%
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
MILLER KAPLAN ARASE LLP
Auditor EIN
952036255
Audit fees
(not subdivided)
Opinion code
Unqualified