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 (2019) 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 2019

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

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$529M

-7.9% from 2016

Total participants

7,114

-1.4% from 2016

Average account balance

$102,128

-6.4% from 2016

Annual return

17.92%

-7.45 pp from 2016

Benchmarks

See 62 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort62 peers

Snapshot2019

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

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Service providers

Top 10 of 39 by compensation

Provider	Service type	Compensation
IUOE LOCAL 825 WELFARE FUND5+ years Filed as: IUOE LOCAL 4 ANNUITY AND SAVING Service code 14 · EIN 04-3002474	Plan Administrator	$1,377,305
THE SEGAL COMPANY5+ years Filed as: SEGAL ROITMAN Service code 29 · EIN 13-1928058	Legal	$76,351
CAMMACK LARHETTE ADVISORS5+ years Filed as: CAMMACK LARHETTE ADVISORS, LLC Service code 17 · EIN 20-4668732	Pension Consulting	$50,000
EMPLOYEE FIDUCIARY, LLC5+ years Filed as: EMPLOYEE A Service code 30 · EIN 04-3002474	Employee (plan)	$43,935
THE SEGAL COMPANY3 years Filed as: SEGAL MARCO ADVISORS Service code 16 · EIN 13-1835864	Consulting	$38,000
EMPLOYEE FIDUCIARY, LLC5+ years Filed as: EMPLOYEE J Service code 30 · EIN 04-3002474	Employee (plan)	$35,442
VITECH SYSTEMS GROUP5+ years Service code 15 · EIN 13-3785492	Recordkeeping	$34,884
MANZI & ASSOCIATES, LLC5+ years Service code 10 · EIN 04-3508036	Accounting	$34,343
EMPLOYEE K4 years Filed as: EMPLOYEE M Service code 30 · EIN 04-3002474	Employee (plan)	$22,342
EMPLOYEE K2 years Filed as: EMPLOYEE T Service code 30 · EIN 04-3002474	Employee (plan)	$21,615

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

3 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.
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

$193 / participant

Investment mgmt$428K34.5%
Other / not subdivided$813K65.5%

% of EOY assets

0.235%

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

$102,128

$78,226+30.6%

$92,916+9.9%

$82,204+24.2%

Participation rate

69.9%

82.7%-12.8pp

76.0%-6.1pp

73.4%-3.5pp

Annual return

17.92%

19.33%-1.4pp

109.45%-91.5pp

26.31%-8.4pp

Employer contribution / active EE

$2,820

$3,911-27.9%

$3,654-22.8%

$2,707+4.2%

Participant deferral / active EE

$1,248

$3,648-65.8%

$4,238-70.6%

$4,246-70.6%

Admin fee / account holder

$240

$119+101.2%

$5,796-95.9%

$76+216.9%

Provider

Service type

Compensation

IUOE LOCAL 825 WELFARE FUND5+ years

Filed as: IUOE LOCAL 4 ANNUITY AND SAVING

Service code 14 · EIN 04-3002474

Plan Administrator

$1,377,305

THE SEGAL COMPANY5+ years

Filed as: SEGAL ROITMAN

Service code 29 · EIN 13-1928058

Legal

$76,351

CAMMACK LARHETTE ADVISORS5+ years

Filed as: CAMMACK LARHETTE ADVISORS, LLC

Service code 17 · EIN 20-4668732

Pension Consulting

$50,000

EMPLOYEE FIDUCIARY, LLC5+ years

Filed as: EMPLOYEE A

Service code 30 · EIN 04-3002474

Employee (plan)

$43,935

THE SEGAL COMPANY3 years

Filed as: SEGAL MARCO ADVISORS

Service code 16 · EIN 13-1835864

Consulting

$38,000

EMPLOYEE FIDUCIARY, LLC5+ years

Filed as: EMPLOYEE J

Service code 30 · EIN 04-3002474

Employee (plan)

$35,442

VITECH SYSTEMS GROUP5+ years

Service code 15 · EIN 13-3785492

Recordkeeping

$34,884

MANZI & ASSOCIATES, LLC5+ years

Service code 10 · EIN 04-3508036

Accounting

$34,343

EMPLOYEE K4 years

Filed as: EMPLOYEE M

Service code 30 · EIN 04-3002474

Employee (plan)

$22,342

EMPLOYEE K2 years

Filed as: EMPLOYEE T

Service code 30 · EIN 04-3002474

Employee (plan)

$21,615

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