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 (2020) 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 2020

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

Prospect flagsLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$604.2M

-7.9% from 2016

Total participants

7,194

-1.4% from 2016

Average account balance

$114,825

-6.4% from 2016

Annual return

13.07%

-7.45 pp from 2016

Benchmarks

See 74 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort74 peers

Snapshot2020

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 22 by compensation

Provider	Service type	Compensation
VITECH SYSTEMS GROUP1 year Filed as: VITECH SYSTEMS SUB, LLC Service code 49 · EIN 13-3785492	Other Services	$101,055
THE SEGAL COMPANY1 year Filed as: SEGAL ROITMAN, LLP Service code 29 · EIN 04-2489114	Legal	$67,823
SCHULTHEIS & PANETTIERI, LLP1 year Service code 10 · EIN 13-1577780	Accounting	$45,000
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$39,500
GREGORY A GEIMAN1 year Service code 30 · EIN 04-6040880	Employee (plan); Direct payment from ...	$37,463
GINA GILSDORF1 year Filed as: GINA M ALONGI Service code 30 · EIN 04-6040880	Direct payment from the plan; Employe...	$27,550
KROLL ASSOCIATES1 year Service code 49 · EIN 11-2286880	Other Services	$8,853
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE SERVICES INC Service code 22 · EIN 46-0619194	Insurance Broker	$8,226
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INSURANCE SERVICES, Service code 11 · EIN 31-1582098	Actuarial	$6,749
CTS SERVICES INC.1 year Service code 49 · EIN 04-3068502	Other Services	$5,113

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 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$778K

$120 / participant

Investment mgmt$43K5.5%
Other / not subdivided$736K94.5%

% of EOY assets

0.129%

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: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,825

$73,497+56.2%

$101,275+13.4%

$93,223+23.2%

Participation rate

70.1%

84.5%-14.4pp

75.8%-5.7pp

74.9%-4.8pp

Annual return

13.07%

11.66%+1.4pp

46.46%-33.4pp

19.29%-6.2pp

Employer contribution / active EE

$2,636

$3,600-26.8%

$3,660-28.0%

$2,680-1.6%

Participant deferral / active EE

$1,224

$3,303-62.9%

$4,370-72.0%

$4,563-73.2%

Admin fee / account holder

$148

$121+22.3%

$5,948-97.5%

$79+86.8%

Provider

Service type

Compensation

VITECH SYSTEMS GROUP1 year

Filed as: VITECH SYSTEMS SUB, LLC

Service code 49 · EIN 13-3785492

Other Services

$101,055

THE SEGAL COMPANY1 year

Filed as: SEGAL ROITMAN, LLP

Service code 29 · EIN 04-2489114

Legal

$67,823

SCHULTHEIS & PANETTIERI, LLP1 year

Service code 10 · EIN 13-1577780

Accounting

$45,000

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$39,500

GREGORY A GEIMAN1 year

Service code 30 · EIN 04-6040880

Employee (plan); Direct payment from ...

$37,463

GINA GILSDORF1 year

Filed as: GINA M ALONGI

Service code 30 · EIN 04-6040880

Direct payment from the plan; Employe...

$27,550

KROLL ASSOCIATES1 year

Service code 49 · EIN 11-2286880

Other Services

$8,853

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE SERVICES INC

Service code 22 · EIN 46-0619194

Insurance Broker

$8,226

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INSURANCE SERVICES,

Service code 11 · EIN 31-1582098

Actuarial

$6,749

CTS SERVICES INC.1 year

Service code 49 · EIN 04-3068502

Other Services

$5,113

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