Retirement plan

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 877 ANNUITY FUND

Name: BD OF TRUSTEES I.U.O.E. LOCAL 877 ANNUITY FUND - INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 877 ANNUITY FUND (2017) Form 5500
Creator: BD OF TRUSTEES I.U.O.E. LOCAL 877 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 877 ANNUITY FUND, BD OF TRUSTEES I.U.O.E. LOCAL 877 ANNUITY FUND

BD OF TRUSTEES I.U.O.E. LOCAL 877 ANNUITY FUNDEIN 04-3228497Plan #001PY 2017

89 ACCESS ROAD UNIT 4 - NORWOOD, MA 020625233781-769-5789LinkedIn201-500 employeesinsurance

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$17.9M

+17.0% from 2016

Total participants

383

+2.4% from 2016

Average account balance

$50,101

+11.1% from 2016

Annual return

17.76%

+11.87 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$29.57M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

479

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$455

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 5 by compensation

Provider	Service type	Compensation
IUOE LOCAL 877 ANNUITY PLAN3+ years Service code 49 · EIN 04-3228497	Other Services	$34,350
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$13,553
MANZI & ASSOCIATES, LLC3+ years Filed as: MANZI & ASSOCIATES L.L.C. Service code 10 · EIN 04-3508036	Accounting	$10,500
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS LLC Service code 49 · EIN 34-1542819	Other Services	$8,709
REID & RIEGE, P.C.3+ years Filed as: REID AND REIGE, PC Service code 29 · EIN 06-0867204	Legal	$5,495

Plan features & details

Pension benefit codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$87K

$246 / participant

Investment mgmt$47K54.6%
Other / not subdivided$39K45.4%

% of EOY assets

0.485%

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 L.L.C
Auditor EIN: 043508036
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,101

$81,537-38.6%

$149,716-66.5%

$69,631-28.0%

Participation rate

92.6%

86.1%+6.5pp

87.1%+5.6pp

70.7%+21.9pp

Annual return

17.76%

22.79%-5.0pp

1501.67%-1483.9pp

27571.02%-27553.3pp

Employer contribution / active EE

$3,595

$3,239+11.0%

$5,444-34.0%

$2,032+76.9%

Participant deferral / active EE

$369

$4,994-92.6%

$6,568-94.4%

$3,224-88.6%

Admin fee / account holder

$243

$107+127.3%

$11,282-97.8%

$110+120.0%

Provider

Service type

Compensation

IUOE LOCAL 877 ANNUITY PLAN3+ years

Service code 49 · EIN 04-3228497

Other Services

$34,350

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$13,553

MANZI & ASSOCIATES, LLC3+ years

Filed as: MANZI & ASSOCIATES L.L.C.

Service code 10 · EIN 04-3508036

Accounting

$10,500

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS LLC

Service code 49 · EIN 34-1542819

Other Services

$8,709

REID & RIEGE, P.C.3+ years

Filed as: REID AND REIGE, PC

Service code 29 · EIN 06-0867204

Legal

$5,495

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 877 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 877 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