Retirement plan

I.U.O.E. LOCAL 98 ANNUITY FUND

Name: BOARD OF TRUSTEES I.U.O.E. LOCAL 98 ANNUITY FUND - I.U.O.E. LOCAL 98 ANNUITY FUND (2019) Form 5500
Creator: BOARD OF TRUSTEES I.U.O.E. LOCAL 98 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.U.O.E. LOCAL 98 ANNUITY FUND, BOARD OF TRUSTEES I.U.O.E. LOCAL 98 ANNUITY FUND

BOARD OF TRUSTEES I.U.O.E. LOCAL 98 ANNUITY FUNDEIN 04-3030313Plan #002PY 2019

40 HUDSON DRIVE, P.O BOX 1290 - SOUTHWICK, MA 01077413-998-3230

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$70M

+15.9% from 2018

Total participants

1,297

+8.2% from 2018

Average account balance

$59,063

+17.3% from 2018

Annual return

16.37%

+20.93 pp from 2018

Benchmarks

See 440 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort440 peers

Snapshot2019

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Analytics

Total assets (EOY)

Plan-year ending balance

$102.23M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$83K

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.

1,237

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.07%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$321

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 11 by compensation

Provider	Service type	Compensation
STATE STREET GLOBAL ADVISORS5+ years Filed as: STATE STREET BANK AND TRUST Service code 50 · EIN 04-1590850	Direct Payment	$54,968
BLITMAN & KING5+ years Filed as: BLITMAN & KING, LLP Service code 29 · EIN 16-1047304	Legal	$38,035
MEKETA INVESTMENT GROUP5+ years Filed as: MEKETA INVESTMENT GROUP, INC Service code 27 · EIN 04-2659023	Advisory (Plan)	$30,000
SCHULTHEIS & PANETTIERI, LLP5+ years Service code 10 · EIN 13-1577780	Accounting	$24,500
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 52 · EIN 13-3272460	Indirect Investment Fees	$0
HARBOR2 years Service code 52 · EIN 34-1953393	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASS MUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$0
PIMCO FUNDS2 years Service code 52 · EIN 95-2632339	Indirect Investment Fees	$0
THE VANGUARD GROUP, INC.2 years Filed as: VANGUARD Service code 52 · EIN 23-1945930	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2F2G2T

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$287K

$254 / participant

Investment mgmt$30K10.4%
Other / not subdivided$257K89.6%

% of EOY assets

0.411%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,063

$66,051-10.6%

$92,893-36.4%

$77,787-24.1%

Participation rate

90.1%

81.0%+9.1pp

76.0%+14.1pp

73.2%+16.9pp

Annual return

16.37%

20.69%-4.3pp

109.41%-93.0pp

32.57%-16.2pp

Employer contribution / active EE

$2,501

$3,426-27.0%

$3,653-31.5%

$2,504-0.1%

Participant deferral / active EE

$3,013-100.0%

$4,236-100.0%

$3,967-100.0%

Admin fee / account holder

$242

$148+64.0%

$5,794-95.8%

$100+142.3%

Provider

Service type

Compensation

STATE STREET GLOBAL ADVISORS5+ years

Filed as: STATE STREET BANK AND TRUST

Service code 50 · EIN 04-1590850

Direct Payment

$54,968

BLITMAN & KING5+ years

Filed as: BLITMAN & KING, LLP

Service code 29 · EIN 16-1047304

Legal

$38,035

MEKETA INVESTMENT GROUP5+ years

Filed as: MEKETA INVESTMENT GROUP, INC

Service code 27 · EIN 04-2659023

Advisory (Plan)

$30,000

SCHULTHEIS & PANETTIERI, LLP5+ years

Service code 10 · EIN 13-1577780

Accounting

$24,500

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 52 · EIN 13-3272460

Indirect Investment Fees

HARBOR2 years

Service code 52 · EIN 34-1953393

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASS MUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

PIMCO FUNDS2 years

Service code 52 · EIN 95-2632339

Indirect Investment Fees

THE VANGUARD GROUP, INC.2 years

Filed as: VANGUARD

Service code 52 · EIN 23-1945930

Indirect Investment Fees

I.U.O.E. LOCAL 98 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.U.O.E. LOCAL 98 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