Retirement plan

IRON WORKERS' LOCALS NO. 15 & 424 ANNUITY PLAN

Name: BOARD OF TRUSTEES IRON WORKERS' LOCALS NO. 15 & 424 - IRON WORKERS' LOCALS NO. 15 & 424 ANNUITY PLAN (2025) Form 5500
Creator: BOARD OF TRUSTEES IRON WORKERS' LOCALS NO. 15 & 424
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IRON WORKERS' LOCALS NO. 15 & 424 ANNUITY PLAN, BOARD OF TRUSTEES IRON WORKERS' LOCALS NO. 15 & 424

BOARD OF TRUSTEES IRON WORKERS' LOCALS NO. 15 & 424dba ANNUITY FUNDEIN 06-1074625Plan #002PY 2025

162 WEST ST, BLDG 2, SUITE J - CROMWELL, CT 064164404203-238-1204LinkedIn1-10 employeesconstruction

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$79.6M

+5.6% from 2024

Total participants

3,711

+0.3% from 2024

Average account balance

$71,367

+8.6% from 2024

Annual return

8.00%

-0.44 pp from 2024

Benchmarks

See 166 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort166 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$79.65M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

1,116

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.

18.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.81M

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

+8.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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 7 by compensation

Provider	Service type	Compensation
REID & RIEGE, P.C.3 years Filed as: REID & REIGE P.C. Service code 29 · EIN 06-0867204	Legal	$40,000
EMPLOYEE K3 years Filed as: EMPLOYEE X Service code 30 · EIN 06-1074625	Direct payment from the plan; Employe...	$39,905
EMPLOYEE K1 year Filed as: EMPLOYEE Z Service code 30 · EIN 06-1074625	Employee (plan); Direct payment from ...	$36,062
NOVAK FRANCELLA LLC8 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$27,527
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS. INC. Service code 27 · EIN 13-2646110	Advisory (Plan)	$23,103
R.M. CHEVERIE & ASSOCIATES8 years Service code 29 · EIN 06-1335139	Legal	$9,331
BRIDGEWAY BENEFIT TECHNOLOGIES3 years Service code 16 · EIN 52-1796473	Consulting	$7,667

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$255K

$80 / participant

Recordkeeping$6K2.4%
Investment mgmt$23K9.1%
Legal$49K19.4%
Salaries / allowances$107K41.9%
Other / not subdivided$69K27.3%

% of EOY assets

0.320%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: $21,475
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$71,367

$106,351-32.9%

$105,223-32.2%

$103,975-31.4%

Participation rate

18.0%

80.0%-62.0pp

75.0%-57.1pp

72.5%-54.5pp

Annual return

8.00%

11.69%-3.7pp

180.65%-172.6pp

19.41%-11.4pp

Employer contribution / active EE

$1,486

$5,336-72.1%

$3,689-59.7%

$3,722-60.1%

Participant deferral / active EE

$35

$3,221-98.9%

$5,072-99.3%

$5,343-99.3%

Admin fee / account holder

$228

$316-27.7%

$8,859-97.4%

$332-31.4%

Provider

Service type

Compensation

REID & RIEGE, P.C.3 years

Filed as: REID & REIGE P.C.

Service code 29 · EIN 06-0867204

Legal

$40,000

EMPLOYEE K3 years

Filed as: EMPLOYEE X

Service code 30 · EIN 06-1074625

Direct payment from the plan; Employe...

$39,905

EMPLOYEE K1 year

Filed as: EMPLOYEE Z

Service code 30 · EIN 06-1074625

Employee (plan); Direct payment from ...

$36,062

NOVAK FRANCELLA LLC8 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$27,527

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS. INC.

Service code 27 · EIN 13-2646110

Advisory (Plan)

$23,103

R.M. CHEVERIE & ASSOCIATES8 years

Service code 29 · EIN 06-1335139

Legal

$9,331

BRIDGEWAY BENEFIT TECHNOLOGIES3 years

Service code 16 · EIN 52-1796473

Consulting

$7,667

IRON WORKERS' LOCALS NO. 15 & 424 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IRON WORKERS' LOCALS NO. 15 & 424 ANNUITY PLAN

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