Retirement plan

PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND INDIVIDUAL ACCOUNT PLAN

Name: PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND - PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND INDIVIDUAL ACCOUNT PLAN (2016) Form 5500
Creator: PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND INDIVIDUAL ACCOUNT PLAN, PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND

PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUNDEIN 04-2760802Plan #002PY 2016

35 TRAVIS STREET, UNIT 1 - ALLSTON, MA 021341251617-787-5550LinkedIn1001-5000 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$377.8M

-13.7% from 2017

Total participants

2,573

-3.3% from 2017

Average account balance

$146,851

-10.8% from 2017

Annual return

-5.53%

-19.63 pp from 2017

Benchmarks

See 388 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort388 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$784.52M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$233K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,374

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$41.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.12%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$963

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
BOSTON PARTNERS1+ years Filed as: BOSTON TRUST COMPANY Service code 28 · EIN 04-2273811	Investment Management	$638,131
TITANIUM1+ years Service code 28 · EIN 45-4783986	Investment Management	$249,774
DYNAMIC PENSION SERVICES, INC.1+ years Filed as: EB DYNAMIC GLOBAL Service code 28 · EIN 25-6078093	Investment Management	$218,292
INTERCONTINENTAL REAL ESTATE CORP1+ years Filed as: INTERCONTINENTAL Service code 28 · EIN 04-3549299	Investment Management	$214,567
INDEPENDENT FINANCIAL PARTNERS1+ years Filed as: SIERRA/FRANKLIN Service code 28 · EIN 51-6568908	Investment Management	$170,851
NEPC, LLC1+ years Service code 50 · EIN 26-1429809	Direct Payment	$112,273
LOOMIS SAYLES1+ years Filed as: LOOMIS CORE PLUS Service code 28 · EIN 04-3200030	Investment Management	$103,608
MARYBETH PORTER1+ years Service code 30 · EIN 04-2760802	Direct payment from the plan; Employe...	$71,679
WCP SPECIAL CORE PLUS FUND LP1+ years Filed as: WCP (WEST CAPITAL) Service code 28 · EIN 20-3834766	Investment Management	$55,499
MD SASS1+ years Service code 28 · EIN 13-2704843	Investment Management	$49,739

Plan features & details

Pension benefit codes2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2.3M

$909 / participant

Investment mgmt$2M74.9%
Other / not subdivided$587K25.1%

% of EOY assets

0.619%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$146,851

$54,392+170.0%

$84,753+73.3%

$63,975+129.5%

Participation rate

100.0%

76.9%+23.1pp

76.6%+23.4pp

71.1%+28.9pp

Annual return

-5.53%

611.38%-616.9pp

22.78%-28.3pp

48.65%-54.2pp

Employer contribution / active EE

$9,801

$2,943+233.0%

$3,574+174.2%

$2,182+349.2%

Participant deferral / active EE

$2,593-100.0%

$3,712-100.0%

$3,356-100.0%

Admin fee / account holder

$909

$136+569.0%

$5,333-83.0%

$70+1190.1%

Provider

Service type

Compensation

BOSTON PARTNERS1+ years

Filed as: BOSTON TRUST COMPANY

Service code 28 · EIN 04-2273811

Investment Management

$638,131

TITANIUM1+ years

Service code 28 · EIN 45-4783986

Investment Management

$249,774

DYNAMIC PENSION SERVICES, INC.1+ years

Filed as: EB DYNAMIC GLOBAL

Service code 28 · EIN 25-6078093

Investment Management

$218,292

INTERCONTINENTAL REAL ESTATE CORP1+ years

Filed as: INTERCONTINENTAL

Service code 28 · EIN 04-3549299

Investment Management

$214,567

INDEPENDENT FINANCIAL PARTNERS1+ years

Filed as: SIERRA/FRANKLIN

Service code 28 · EIN 51-6568908

Investment Management

$170,851

NEPC, LLC1+ years

Service code 50 · EIN 26-1429809

Direct Payment

$112,273

LOOMIS SAYLES1+ years

Filed as: LOOMIS CORE PLUS

Service code 28 · EIN 04-3200030

Investment Management

$103,608

MARYBETH PORTER1+ years

Service code 30 · EIN 04-2760802

Direct payment from the plan; Employe...

$71,679

WCP SPECIAL CORE PLUS FUND LP1+ years

Filed as: WCP (WEST CAPITAL)

Service code 28 · EIN 20-3834766

Investment Management

$55,499

MD SASS1+ years

Service code 28 · EIN 13-2704843

Investment Management

$49,739

PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND INDIVIDUAL ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIPEFITTERS LOCAL UNION NO. 537 DEFERRED INCOME ANNUITY FUND INDIVIDUAL ACCOUNT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion