Retirement plan

ROOFERS UNION LOCAL NO. 33 THRIFT FUND

Name: ROOFERS UNION LOCAL NO.33 THRIFT FD - ROOFERS UNION LOCAL NO. 33 THRIFT FUND (2016) Form 5500
Creator: ROOFERS UNION LOCAL NO.33 THRIFT FD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROOFERS UNION LOCAL NO. 33 THRIFT FUND, ROOFERS UNION LOCAL NO.33 THRIFT FD

ROOFERS UNION LOCAL NO.33 THRIFT FDEIN 04-6358332Plan #001PY 2016

53 EVANS DRIVE - STOUGHTON, MA 020724416781-341-1657

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$48.7M

No prior year

Total participants

887

No prior year

Average account balance

$62,563

No prior year

Annual return

9.07%

No prior year

Benchmarks

See 1,079 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,079 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$135.75M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

974

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$461

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
ROOFERS UNION LOCAL NO. 33 ADMISTR1+ years Service code 14 · EIN 04-2628775 53 EVANS DRIVE · STOUGHTON, MA 02072	Plan Administrator	$158,590
MERCER1+ years Filed as: MERCER HR SERVICES, LLC Service code 15 · EIN 20-1932099 INVESTORS WAY · NORWOOD, MA 020621584	Recordkeeping	$73,339
CAMPANA, SARZA & TATEWOSIAN, LLP1+ years Service code 10 · EIN 05-0392492 300 METRO CENTER BLVD., SUITE 225 · WARWICK, RI 02886	Accounting	$17,295
MARCO CONSULTING GROUP1+ years Filed as: THE MARCO CONSULTING GROUP Service code 27 · EIN 36-3555078 550 WEST WASHINGTON BLVD · CHICAGO, IL 60661	Advisory (Plan)	$15,000
KRAKOW & SOURIS1+ years Service code 29 · EIN 04-3363718 225 FRIENDSHIP STREET · BOSTON, MA 02114	Legal	$8,000

Plan features & details

Pension benefit codes2C2G2K2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$268K

$354 / participant

Investment mgmt$15K5.6%
Other / not subdivided$253K94.4%

% of EOY assets

0.551%

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: CAMPANA, SARZA & TATEWOSIAN, LLP
Auditor EIN: 050392492
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,563

$57,921+8.0%

$84,751-26.2%

$57,658+8.5%

Participation rate

85.6%

72.9%+12.7pp

76.6%+9.0pp

70.2%+15.4pp

Annual return

9.07%

10.24%-1.2pp

22.78%-13.7pp

5.13%+3.9pp

Employer contribution / active EE

$6,122

$2,598+135.6%

$3,574+71.3%

$1,974+210.2%

Participant deferral / active EE

$3,881

$2,742+41.5%

$3,712+4.6%

$3,061+26.8%

Admin fee / account holder

$345

$130+166.0%

$5,333-93.5%

$95+264.9%

Provider

Service type

Compensation

ROOFERS UNION LOCAL NO. 33 ADMISTR1+ years

Service code 14 · EIN 04-2628775

53 EVANS DRIVE · STOUGHTON, MA 02072

Plan Administrator

$158,590

MERCER1+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15 · EIN 20-1932099

INVESTORS WAY · NORWOOD, MA 020621584

Recordkeeping

$73,339

CAMPANA, SARZA & TATEWOSIAN, LLP1+ years

Service code 10 · EIN 05-0392492

300 METRO CENTER BLVD., SUITE 225 · WARWICK, RI 02886

Accounting

$17,295

MARCO CONSULTING GROUP1+ years

Filed as: THE MARCO CONSULTING GROUP

Service code 27 · EIN 36-3555078

550 WEST WASHINGTON BLVD · CHICAGO, IL 60661

Advisory (Plan)

$15,000

KRAKOW & SOURIS1+ years

Service code 29 · EIN 04-3363718

225 FRIENDSHIP STREET · BOSTON, MA 02114

Legal

$8,000

ROOFERS UNION LOCAL NO. 33 THRIFT FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROOFERS UNION LOCAL NO. 33 THRIFT 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