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 (2021) 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 2021

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$74M

+11.4% from 2020

Total participants

1,262

+3.2% from 2020

Average account balance

$73,004

+10.0% from 2020

Annual return

16.82%

+11.24 pp from 2020

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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

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Service providers

Top 10 of 17 by compensation

Provider	Service type	Compensation
NEPC, LLC6+ years Service code 27 · EIN 26-1429809	Advisory (Plan)	$37,500
EMPLOYEE K6+ years Filed as: EMPLOYEE Service code 30 · EIN 06-1074625	Direct payment from the plan; Employe...	$35,928
REID & RIEGE, P.C.4 years Filed as: REID & REIGE Service code 29 · EIN 06-0867204	Legal	$30,739
NOVAK FRANCELLA LLC4 years Filed as: NOVAK FRANCELLA, LLC Service code 10 · EIN 61-1436956	Accounting	$26,990
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO Service code 27 · EIN 13-2646110	Advisory (Plan)	$15,000
R.M. CHEVERIE & ASSOCIATES4 years Service code 29 · EIN 06-1335139	Legal	$14,793
BENESYS, INC.3 years Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC. Service code 16 · EIN 23-2182079	Consulting	$9,987
MASSACHUSETTS MUTUAL LIFE INS. CO.4 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$200
DODGE & COX4 years Filed as: DODGE AND COX Service code 28 · EIN 94-6067274	Investment Management	$0
EATON VANCE4 years Service code 28 · EIN 04-6039283	Investment Management	$0

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

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

$242K

$207 / participant

Investment mgmt$38K15.5%
Other / not subdivided$204K84.5%

% of EOY assets

0.327%

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: NOVAK FRANCELLA, LLC
Auditor EIN: 611436956
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,004

$88,770-17.8%

$109,173-33.1%

$93,010-21.5%

Participation rate

78.7%

81.5%-2.8pp

75.9%+2.8pp

73.9%+4.8pp

Annual return

16.82%

60.64%-43.8pp

25.75%-8.9pp

158.70%-141.9pp

Employer contribution / active EE

$3,723

$3,780-1.5%

$3,7230%

$2,705+37.6%

Participant deferral / active EE

$127

$3,630-96.5%

$4,654-97.3%

$4,561-97.2%

Admin fee / account holder

$239

$172+38.6%

$6,755-96.5%

$152+57.5%

Provider

Service type

Compensation

NEPC, LLC6+ years

Service code 27 · EIN 26-1429809

Advisory (Plan)

$37,500

EMPLOYEE K6+ years

Filed as: EMPLOYEE

Service code 30 · EIN 06-1074625

Direct payment from the plan; Employe...

$35,928

REID & RIEGE, P.C.4 years

Filed as: REID & REIGE

Service code 29 · EIN 06-0867204

Legal

$30,739

NOVAK FRANCELLA LLC4 years

Filed as: NOVAK FRANCELLA, LLC

Service code 10 · EIN 61-1436956

Accounting

$26,990

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO

Service code 27 · EIN 13-2646110

Advisory (Plan)

$15,000

R.M. CHEVERIE & ASSOCIATES4 years

Service code 29 · EIN 06-1335139

Legal

$14,793

BENESYS, INC.3 years

Filed as: INNOVATIVE SOFTWARE SOLUTIONS, INC.

Service code 16 · EIN 23-2182079

Consulting

$9,987

MASSACHUSETTS MUTUAL LIFE INS. CO.4 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$200

DODGE & COX4 years

Filed as: DODGE AND COX

Service code 28 · EIN 94-6067274

Investment Management

EATON VANCE4 years

Service code 28 · EIN 04-6039283

Investment Management

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