Retirement plan

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 PENSION FUND

Name: BOARD OF TRUSTEES I.U.O.E. LOCAL 4 PENSION FUND - INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 PENSION FUND (2020) Form 5500
Creator: BOARD OF TRUSTEES I.U.O.E. LOCAL 4 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 PENSION FUND, BOARD OF TRUSTEES I.U.O.E. LOCAL 4 PENSION FUND

BOARD OF TRUSTEES I.U.O.E. LOCAL 4 PENSION FUNDEIN 04-6013863Plan #001PY 2020

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

Prospect flagsHigh retiree %Low participant contribution

How to read this page

Total assets (EOY)

$1016.9M

-7.5% from 2016

Total participants

6,553

-4.3% from 2016

Average account balance

No prior year

Annual return

15.42%

-8.61 pp from 2016

Benchmarks

See 159 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants1,000-4,999

Cohort159 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.32B

Not enough data

1 years with asset history on file

Average account balance

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

$186K

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.

3,583

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+11.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 27 by compensation

Provider	Service type	Compensation
LOOMIS SAYLES1 year Filed as: LOOMIS SAYLES & COMPANY Service code 28 · EIN 04-3200030	Investment Management	$325,071
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN CHASE BANK, NATIONAL ASSOC Service code 28 · EIN 13-4994650	Investment Management	$269,042
STATE STREET GLOBAL ADVISORS1 year Filed as: STATE STREET BANK & TRUST CO. Service code 19 · EIN 04-1867445	Securities Custodian	$223,929
BOSTON PARTNERS1 year Filed as: BOSTON PARTNERS GLOBAL INVESTORS, I Service code 28 · EIN 98-0202744	Investment Management	$222,486
VITECH SYSTEMS GROUP1 year Filed as: VITECH SYSTEMS SUB, LLC Service code 49 · EIN 13-3785492	Other Services	$205,375
CBRE CLARION SECURITIES LLC1 year Service code 28 · EIN 23-2802869	Investment Management	$142,547
THE SEGAL COMPANY1 year Filed as: SEGAL ROITMAN, LLP Service code 29 · EIN 04-2489114	Legal	$116,731
CBIZ RETIREMENT PLAN SERVICES1 year Filed as: CBIZ BENEFITS & INSURANCE SERVICES Service code 11 · EIN 31-1582098	Actuarial	$94,850
GREGORY A GEIMAN1 year Service code 30 · EIN 04-6040880	Direct payment from the plan; Employe...	$77,600
THE BANK OF NEW YORK MELLON1 year Filed as: MELLON INVESTMENTS CORPORATION Service code 28 · EIN 25-6078093	Investment Management	$74,309

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$3.1M

$985 / participant

Investment mgmt$1M43.8%
Other / not subdivided$2M56.2%

% of EOY assets

0.302%

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

$162,072-100.0%

Participation rate

0.0%

0.0%0pp

33.1%-33.1pp

0.0%0pp

Annual return

15.42%

6.82%+8.6pp

8.01%+7.4pp

12.86%+2.6pp

Employer contribution / active EE

$19,376

$12,695+52.6%

$29,476-34.3%

$13,687+41.6%

Participant deferral / active EE

$735-100.0%

$833-100.0%

Admin fee / account holder

$630-100.0%

Provider

Service type

Compensation

LOOMIS SAYLES1 year

Filed as: LOOMIS SAYLES & COMPANY

Service code 28 · EIN 04-3200030

Investment Management

$325,071

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN CHASE BANK, NATIONAL ASSOC

Service code 28 · EIN 13-4994650

Investment Management

$269,042

STATE STREET GLOBAL ADVISORS1 year

Filed as: STATE STREET BANK & TRUST CO.

Service code 19 · EIN 04-1867445

Securities Custodian

$223,929

BOSTON PARTNERS1 year

Filed as: BOSTON PARTNERS GLOBAL INVESTORS, I

Service code 28 · EIN 98-0202744

Investment Management

$222,486

VITECH SYSTEMS GROUP1 year

Filed as: VITECH SYSTEMS SUB, LLC

Service code 49 · EIN 13-3785492

Other Services

$205,375

CBRE CLARION SECURITIES LLC1 year

Service code 28 · EIN 23-2802869

Investment Management

$142,547

THE SEGAL COMPANY1 year

Filed as: SEGAL ROITMAN, LLP

Service code 29 · EIN 04-2489114

Legal

$116,731

CBIZ RETIREMENT PLAN SERVICES1 year

Filed as: CBIZ BENEFITS & INSURANCE SERVICES

Service code 11 · EIN 31-1582098

Actuarial

$94,850

GREGORY A GEIMAN1 year

Service code 30 · EIN 04-6040880

Direct payment from the plan; Employe...

$77,600

THE BANK OF NEW YORK MELLON1 year

Filed as: MELLON INVESTMENTS CORPORATION

Service code 28 · EIN 25-6078093

Investment Management

$74,309

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 4 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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