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 (2022) 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 2022

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

Prospect flagsLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$578.8M

-7.9% from 2016

Total participants

7,539

-1.4% from 2016

Average account balance

$103,177

-6.4% from 2016

Annual return

-14.52%

-7.45 pp from 2016

Benchmarks

See 68 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort68 peers

Snapshot2022

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 26 by compensation

Provider	Service type	Compensation
O'DONOGHUE & O'DONOGHUE2 years Service code 29 · EIN 53-0120528	Legal	$106,909
VITECH SYSTEMS GROUP3 years Filed as: VITECH SYSTEMS SUB, LLC Service code 49 · EIN 13-3785492	Other Services	$74,752
THE LAW OFFICE OF KATHRYN S SHEA1 year Filed as: LAW OFFICE OF KATHRYN S. SHEA Service code 29 · EIN 86-2611553	Legal	$60,524
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143	Advisory (Plan)	$50,000
GREGORY A GEIMAN3 years Service code 30 · EIN 04-6040880	Direct payment from the plan; Employe...	$43,549
THE SEGAL COMPANY6 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$43,500
SCHULTHEIS & PANETTIERI, LLP3 years Service code 10 · EIN 13-1577780	Accounting	$37,283
REBECCA HALEY2 years Filed as: REBECCA ZACCARDI Service code 30 · EIN 04-6040880	Employee (plan); Direct payment from ...	$27,446
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$21,560
VSG HOSTING INC1 year Filed as: VSG HOSTING SUB, LLC Service code 49 · EIN 20-4487588	Other Services	$21,555

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

$993K

$146 / participant

Investment mgmt$114K11.5%
Other / not subdivided$879K88.5%

% of EOY assets

0.172%

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

$103,177

$70,048+47.3%

$112,270-8.1%

$78,104+32.1%

Participation rate

71.7%

84.1%-12.5pp

75.1%-3.4pp

74.5%-2.8pp

Annual return

-14.52%

-10.85%-3.7pp

27.49%-42.0pp

10.90%-25.4pp

Employer contribution / active EE

$2,959

$4,000-26.0%

$3,635-18.6%

$3,128-5.4%

Participant deferral / active EE

$1,399

$3,679-62.0%

$4,729-70.4%

$5,089-72.5%

Admin fee / account holder

$177

$127+39.5%

$6,411-97.2%

$79+124.2%

Provider

Service type

Compensation

O'DONOGHUE & O'DONOGHUE2 years

Service code 29 · EIN 53-0120528

Legal

$106,909

VITECH SYSTEMS GROUP3 years

Filed as: VITECH SYSTEMS SUB, LLC

Service code 49 · EIN 13-3785492

Other Services

$74,752

THE LAW OFFICE OF KATHRYN S SHEA1 year

Filed as: LAW OFFICE OF KATHRYN S. SHEA

Service code 29 · EIN 86-2611553

Legal

$60,524

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

Advisory (Plan)

$50,000

GREGORY A GEIMAN3 years

Service code 30 · EIN 04-6040880

Direct payment from the plan; Employe...

$43,549

THE SEGAL COMPANY6 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$43,500

SCHULTHEIS & PANETTIERI, LLP3 years

Service code 10 · EIN 13-1577780

Accounting

$37,283

REBECCA HALEY2 years

Filed as: REBECCA ZACCARDI

Service code 30 · EIN 04-6040880

Employee (plan); Direct payment from ...

$27,446

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$21,560

VSG HOSTING INC1 year

Filed as: VSG HOSTING SUB, LLC

Service code 49 · EIN 20-4487588

Other Services

$21,555

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