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 (2023) 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 2023

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

Prospect flagsLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$655.1M

-7.9% from 2016

Total participants

8,612

-1.4% from 2016

Average account balance

$106,432

-6.4% from 2016

Annual return

13.98%

-7.45 pp from 2016

Benchmarks

See 70 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort70 peers

Snapshot2023

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 13 by compensation

Provider	Service type	Compensation
VITECH SYSTEMS GROUP4 years Filed as: VITECH SYSTEMS SUB, LLC Service code 49 · EIN 13-3785492	Other Services	$126,240
THE SEGAL COMPANY7 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$84,000
THE LAW OFFICE OF KATHRYN S SHEA2 years Filed as: LAW OFFICE OF KATHRYN S. SHEA Service code 29 · EIN 86-2611553	Legal	$67,472
SCHULTHEIS & PANETTIERI, LLP4 years Service code 10 · EIN 13-1577780	Accounting	$47,700
GREGORY A GEIMAN4 years Service code 30 · EIN 04-6040880	Direct payment from the plan; Employe...	$39,168
617 MEDIA GROUP3 years Service code 49 · EIN 90-1252805	Other Services	$26,250
VSG HOSTING INC2 years Filed as: VSG HOSTING SUB, LLC Service code 49 · EIN 20-4487588	Other Services	$19,665
O'DONOGHUE & O'DONOGHUE1 year Filed as: O'DONOGHUE & O' DONOGHUE Service code 29 · EIN 53-0120528	Legal	$16,637
THE SEGAL COMPANY4 years Filed as: SEGAL SELECT INSURANCE SERVICES INC Service code 22 · EIN 46-0619194	Insurance Broker	$12,124
IRON MOUNTAIN2 years Service code 49 · EIN 04-3038590	Other Services	$11,812

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

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.
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

$934K

$125 / participant

Investment mgmt$84K9.0%
Legal$81K8.7%
Actuarial$8K0.8%
Salaries / allowances$386K41.3%
Other / not subdivided$375K40.2%

% of EOY assets

0.143%

all-in expense ratio

Categories reported

4 / 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: $47,700
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,432

$74,831+42.2%

$96,543+10.2%

$103,657+2.7%

Participation rate

67.2%

83.1%-15.9pp

74.3%-7.2pp

73.4%-6.2pp

Annual return

13.98%

16.15%-2.2pp

35.75%-21.8pp

33.13%-19.2pp

Employer contribution / active EE

$2,703

$3,888-30.5%

$3,741-27.7%

$3,216-15.9%

Participant deferral / active EE

$1,363

$3,896-65.0%

$4,880-72.1%

$5,218-73.9%

Admin fee / account holder

$152

$130+16.6%

$6,737-97.7%

$114+32.9%

Provider

Service type

Compensation

VITECH SYSTEMS GROUP4 years

Filed as: VITECH SYSTEMS SUB, LLC

Service code 49 · EIN 13-3785492

Other Services

$126,240

THE SEGAL COMPANY7 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$84,000

THE LAW OFFICE OF KATHRYN S SHEA2 years

Filed as: LAW OFFICE OF KATHRYN S. SHEA

Service code 29 · EIN 86-2611553

Legal

$67,472

SCHULTHEIS & PANETTIERI, LLP4 years

Service code 10 · EIN 13-1577780

Accounting

$47,700

GREGORY A GEIMAN4 years

Service code 30 · EIN 04-6040880

Direct payment from the plan; Employe...

$39,168

617 MEDIA GROUP3 years

Service code 49 · EIN 90-1252805

Other Services

$26,250

VSG HOSTING INC2 years

Filed as: VSG HOSTING SUB, LLC

Service code 49 · EIN 20-4487588

Other Services

$19,665

O'DONOGHUE & O'DONOGHUE1 year

Filed as: O'DONOGHUE & O' DONOGHUE

Service code 29 · EIN 53-0120528

Legal

$16,637

THE SEGAL COMPANY4 years

Filed as: SEGAL SELECT INSURANCE SERVICES INC

Service code 22 · EIN 46-0619194

Insurance Broker

$12,124

IRON MOUNTAIN2 years

Service code 49 · EIN 04-3038590

Other Services

$11,812

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