Retirement plan

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO. 478, A-C-D-E PENSION PLAN

Name: BOARD OF TRUSTEES I.U.O.E. LOCAL 478 PENSION PLAN - INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO. 478, A-C-D-E PENSION PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES I.U.O.E. LOCAL 478 PENSION PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO. 478, A-C-D-E PENSION PLAN, BOARD OF TRUSTEES I.U.O.E. LOCAL 478 PENSION PLAN

BOARD OF TRUSTEES I.U.O.E. LOCAL 478 PENSION PLANEIN 06-0733831Plan #001PY 2017

1965 DIXWELL AVENUE - HAMDEN, CT 06514203-288-9261

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$528.1M

-3.8% from 2016

Total participants

4,920

-1.1% from 2016

Average account balance

No prior year

Annual return

15.80%

-5.01 pp from 2016

Benchmarks

See 171 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants1,000-4,999

Cohort171 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$758.55M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

2,743

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

$34.49M

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

+9.79%

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

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

Service providers

Top 10 of 21 by compensation

Provider	Service type	Compensation
INVESTORS CAPITAL CORPORATION2 years Filed as: QS INVESTORS LLC Service code 28 · EIN 27-3203566	Investment Management	$348,099
HARBOURVEST PARTNERS LP3+ years Service code 28 · EIN 74-3130888	Investment Management	$222,000
LSV ASSET MANAGEMENT3+ years Service code 28 · EIN 23-2772200	Investment Management	$219,438
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: BARINGS REAL ESTATE ADVISORS LLC Service code 28 · EIN 04-1590850	Investment Management	$212,335
BLACKSTONE3+ years Filed as: BLACKSTONE ALTERN ASSET MGMT LP Service code 28 · EIN 13-3702086	Investment Management	$201,305
ACADIAN ASSET MANAGEMENT LLC3+ years Service code 28 · EIN 04-2929221	Investment Management	$173,159
LOOMIS SAYLES3+ years Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 20-8080381	Investment Management	$166,316
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN INVESTMENT MGMT INC Service code 27 · EIN 13-3200244	Advisory (Plan)	$139,095
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$132,500
COLUMBIA3+ years Filed as: COLUMBIA MGMT INV ADV LLC Service code 28 · EIN 41-1533211	Investment Management	$131,219

Enrolled actuary

1 attachment

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

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

1 tripped

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

$3.2M

$1439 / participant

Investment mgmt$2M64.0%
Contract admin$53K1.7%
Other / not subdivided$1M34.4%

% of EOY assets

0.600%

all-in expense ratio

Categories reported

2 / 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

$411,917-100.0%

Participation rate

0.0%

0.0%0pp

16.2%-16.2pp

0.0%0pp

Annual return

15.80%

12.92%+2.9pp

10.36%+5.4pp

17.84%-2.0pp

Employer contribution / active EE

$11,861

$14,070-15.7%

$37,738-68.6%

$14,688-19.2%

Participant deferral / active EE

$21-100.0%

$137-100.0%

$770-100.0%

Admin fee / account holder

$15,661-100.0%

Provider

Service type

Compensation

INVESTORS CAPITAL CORPORATION2 years

Filed as: QS INVESTORS LLC

Service code 28 · EIN 27-3203566

Investment Management

$348,099

HARBOURVEST PARTNERS LP3+ years

Service code 28 · EIN 74-3130888

Investment Management

$222,000

LSV ASSET MANAGEMENT3+ years

Service code 28 · EIN 23-2772200

Investment Management

$219,438

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: BARINGS REAL ESTATE ADVISORS LLC

Service code 28 · EIN 04-1590850

Investment Management

$212,335

BLACKSTONE3+ years

Filed as: BLACKSTONE ALTERN ASSET MGMT LP

Service code 28 · EIN 13-3702086

Investment Management

$201,305

ACADIAN ASSET MANAGEMENT LLC3+ years

Service code 28 · EIN 04-2929221

Investment Management

$173,159

LOOMIS SAYLES3+ years

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 20-8080381

Investment Management

$166,316

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN INVESTMENT MGMT INC

Service code 27 · EIN 13-3200244

Advisory (Plan)

$139,095

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$132,500

COLUMBIA3+ years

Filed as: COLUMBIA MGMT INV ADV LLC

Service code 28 · EIN 41-1533211

Investment Management

$131,219

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO. 478, A-C-D-E PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL UNION NO. 478, A-C-D-E PENSION PLAN

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