Retirement plan

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY FUND

Name: BOARD OF TRUSTEES I.U.O.E. LOCAL 4 ANNUITY FUND - INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY FUND (2017) 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 FUND, 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 2017

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

Prospect flagsLow returnsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$450.7M

-7.9% from 2016

Total participants

6,616

-1.4% from 2016

Average account balance

$94,997

-6.4% from 2016

Annual return

14.03%

-7.45 pp from 2016

Benchmarks

See 1,075 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,075 peers

Snapshot2017

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

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

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

Service providers

Top 10 of 27 by compensation

Provider	Service type	Compensation
IUOE LOCAL 825 WELFARE FUND3+ years Filed as: IUOE LOCAL 4 ANNUITY AND SAVING Service code 14 · EIN 04-3002474	Plan Administrator	$391,623
VSG HOSTING INC1 year Filed as: VSG HOSTING, INC Service code 15 · EIN 20-4487588	Recordkeeping	$191,218
VITECH SYSTEMS GROUP3+ years Service code 15 · EIN 13-3785492	Recordkeeping	$47,072
EMPLOYEE FIDUCIARY, LLC3+ years Filed as: EMPLOYEE A Service code 30 · EIN 04-3002474	Employee (plan)	$42,317
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 16 · EIN 13-1835864	Consulting	$38,000
THE SEGAL COMPANY3+ years Filed as: SEGAL ROITMAN Service code 29 · EIN 13-1928058	Legal	$36,064
EMPLOYEE FIDUCIARY, LLC3+ years Filed as: EMPLOYEE H Service code 30 · EIN 04-3002474	Employee (plan)	$30,116
MANZI & ASSOCIATES, LLC3+ years Service code 10 · EIN 04-3508036	Accounting	$27,947
EMPLOYEE K3+ years Service code 30 · EIN 04-3002474	Employee (plan)	$23,386
EMPLOYEE K3+ years Filed as: EMPLOYEE S Service code 30 · EIN 04-3002474	Employee (plan)	$19,805

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$1.3M

$225 / participant

Investment mgmt$398K29.9%
Other / not subdivided$931K70.1%

% of EOY assets

0.295%

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: MANZI & ASSOCIATES, LLC
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,997

$177,276-46.4%

$86,593+9.7%

$177,276-46.4%

Participation rate

68.3%

74.8%-6.5pp

73.5%-5.3pp

74.8%-6.5pp

Annual return

14.03%

21.25%-7.2pp

965.08%-951.1pp

21.25%-7.2pp

Employer contribution / active EE

$2,733

$2,479+10.2%

$2,840-3.8%

$2,479+10.2%

Participant deferral / active EE

$1,050

$3,881-72.9%

$3,609-70.9%

$3,881-72.9%

Admin fee / account holder

$280

$154+81.7%

$4,904-94.3%

$154+81.7%

Provider

Service type

Compensation

IUOE LOCAL 825 WELFARE FUND3+ years

Filed as: IUOE LOCAL 4 ANNUITY AND SAVING

Service code 14 · EIN 04-3002474

Plan Administrator

$391,623

VSG HOSTING INC1 year

Filed as: VSG HOSTING, INC

Service code 15 · EIN 20-4487588

Recordkeeping

$191,218

VITECH SYSTEMS GROUP3+ years

Service code 15 · EIN 13-3785492

Recordkeeping

$47,072

EMPLOYEE FIDUCIARY, LLC3+ years

Filed as: EMPLOYEE A

Service code 30 · EIN 04-3002474

Employee (plan)

$42,317

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 16 · EIN 13-1835864

Consulting

$38,000

THE SEGAL COMPANY3+ years

Filed as: SEGAL ROITMAN

Service code 29 · EIN 13-1928058

Legal

$36,064

EMPLOYEE FIDUCIARY, LLC3+ years

Filed as: EMPLOYEE H

Service code 30 · EIN 04-3002474

Employee (plan)

$30,116

MANZI & ASSOCIATES, LLC3+ years

Service code 10 · EIN 04-3508036

Accounting

$27,947

EMPLOYEE K3+ years

Service code 30 · EIN 04-3002474

Employee (plan)

$23,386

EMPLOYEE K3+ years

Filed as: EMPLOYEE S

Service code 30 · EIN 04-3002474

Employee (plan)

$19,805

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 ANNUITY FUND

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