Retirement plan

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY

Name: BOARD OF TRUSTEES I.U.O.E. LOCAL 4 ANNUITY FUND - INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY (2024) Form 5500
Creator: BOARD OF TRUSTEES I.U.O.E. LOCAL 4 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY, BOARD OF TRUSTEES I.U.O.E. LOCAL 4 ANNUITY FUND

BOARD OF TRUSTEES I.U.O.E. LOCAL 4 ANNUITY FUNDEIN 04-3002474Plan #002PY 2024

16 TROTTER DRIVE - MEDWAY, MA 020532299508-533-1400

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$724.6M

+10.6% from 2023

Total participants

6,298

-26.9% from 2023

Average account balance

$115,056

+8.1% from 2023

Annual return

12.10%

-1.88 pp from 2023

Benchmarks

See 80 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort80 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$724.63M

Not enough data

1 years with asset history on file

Average account balance

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

$115K

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.

6,298

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

$30.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INV INSTL OPERATION CO. Service code 34 · EIN 04-2647786	Account maintenance fees; Valuation (...	$179,397
VITECH SYSTEMS GROUP5 years Filed as: VITECH SYSTEMS SUB, LLC Service code 49 · EIN 13-3785492	Other Services	$113,476
THE SEGAL COMPANY8 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$59,000
GREGORY A GEIMAN5 years Service code 30 · EIN 04-6040880	Direct payment from the plan; Employe...	$50,134
THE LAW OFFICE OF KATHRYN S SHEA3 years Filed as: LAW OFFICE OF KATHRYN S. SHEA Service code 29 · EIN 86-2611553	Legal	$49,862
SCHULTHEIS & PANETTIERI, LLP5 years Service code 10 · EIN 13-1577780	Accounting	$49,130
ASCENSUS LLC1 year Filed as: CAP FINANCIALS PARTNERS Service code 16 · EIN 26-0058143	Consulting	$45,833
REBECCA HALEY4 years Filed as: REBECCA ZACCARDI Service code 30 · EIN 04-6040880	Employee (plan); Direct payment from ...	$29,061
VSG HOSTING, INC3 years Filed as: VSG HOSTING SUB, LLC Service code 49 · EIN 20-4487588	Other Services	$21,400
617 MEDIA GROUP4 years Service code 49 · EIN 90-1252805	Other Services	$20,630

Plan features & details

Pension benefit codes2E2F2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$195 / participant

Recordkeeping$179K15.2%
Investment mgmt$59K5.0%
Legal$71K6.0%
Actuarial$8K0.7%
Salaries / allowances$440K37.2%
Other / not subdivided$424K35.9%

% of EOY assets

0.163%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: $49,130
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,056

$86,936+32.3%

$103,333+11.3%

$99,062+16.1%

Participation rate

100.0%

81.7%+18.3pp

74.5%+25.5pp

71.6%+28.4pp

Annual return

12.10%

14.99%-2.9pp

24.88%-12.8pp

17.66%-5.6pp

Employer contribution / active EE

$3,449

$3,925-12.1%

$3,868-10.8%

$3,262+5.7%

Participant deferral / active EE

$1,639

$3,825-57.1%

$5,057-67.6%

$5,331-69.2%

Admin fee / account holder

$187

$140+33.6%

$8,355-97.8%

$109+72.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INV INSTL OPERATION CO.

Service code 34 · EIN 04-2647786

Account maintenance fees; Valuation (...

$179,397

VITECH SYSTEMS GROUP5 years

Filed as: VITECH SYSTEMS SUB, LLC

Service code 49 · EIN 13-3785492

Other Services

$113,476

THE SEGAL COMPANY8 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$59,000

GREGORY A GEIMAN5 years

Service code 30 · EIN 04-6040880

Direct payment from the plan; Employe...

$50,134

THE LAW OFFICE OF KATHRYN S SHEA3 years

Filed as: LAW OFFICE OF KATHRYN S. SHEA

Service code 29 · EIN 86-2611553

Legal

$49,862

SCHULTHEIS & PANETTIERI, LLP5 years

Service code 10 · EIN 13-1577780

Accounting

$49,130

ASCENSUS LLC1 year

Filed as: CAP FINANCIALS PARTNERS

Service code 16 · EIN 26-0058143

Consulting

$45,833

REBECCA HALEY4 years

Filed as: REBECCA ZACCARDI

Service code 30 · EIN 04-6040880

Employee (plan); Direct payment from ...

$29,061

VSG HOSTING, INC3 years

Filed as: VSG HOSTING SUB, LLC

Service code 49 · EIN 20-4487588

Other Services

$21,400

617 MEDIA GROUP4 years

Service code 49 · EIN 90-1252805

Other Services

$20,630

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY

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