Retirement plan

CONNECTICUT LABORERS' ANNUITY PLAN

Name: CONNECTICUT LABORERS ANNUITY FUND BOARD OF TRUSTEES - CONNECTICUT LABORERS' ANNUITY PLAN (2023) Form 5500
Creator: CONNECTICUT LABORERS ANNUITY FUND BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONNECTICUT LABORERS' ANNUITY PLAN, CONNECTICUT LABORERS ANNUITY FUND BOARD OF TRUSTEES

CONNECTICUT LABORERS ANNUITY FUND BOARD OF TRUSTEESEIN 06-1175481Plan #001PY 2023

435 CAPTAIN THOMAS BOULEVARD - WEST HAVEN, CT 06516203-934-7991

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$244.9M

-3.7% from 2016

Total participants

7,124

+0.6% from 2016

Average account balance

$34,382

-4.3% from 2016

Annual return

13.15%

-6.35 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$274.22M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

7,097

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+11.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$198

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 20 by compensation

Provider	Service type	Compensation
STACEY BRAUN ASSOCIATES, INC.9+ years Service code 28 · EIN 13-2889432	Investment Management	$206,724
LOOMIS SAYLES6 years Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 04-3200030	Investment Management	$112,022
ZIEGLER CAPITAL MANAGEMENT, LLC1 year Service code 28 · EIN 43-1273600	Investment Management	$107,399
INCOME RESEARCH & MANAGEMENT6 years Service code 28 · EIN 04-2955404	Investment Management	$106,480
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE F Service code 30 · EIN 06-1175481	Direct payment from the plan; Employe...	$60,923
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE E Service code 30 · EIN 06-1175481	Employee (plan); Direct payment from ...	$50,763
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE I Service code 30 · EIN 06-1175481	Direct payment from the plan; Employe...	$48,882
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE C Service code 30 · EIN 06-1175481	Employee (plan); Direct payment from ...	$48,562
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE J Service code 30 · EIN 06-1175481	Employee (plan); Direct payment from ...	$38,932
EMPLOYEE FIDUCIARY, LLC1 year Filed as: EMPLOYEE G Service code 30 · EIN 06-1175481	Direct payment from the plan; Employe...	$36,242

Plan features & details

Pension benefit codes2E

Plan features

2E
Profit-sharing
Profit-sharing plan.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$453 / participant

Recordkeeping$10K0.7%
Trustee / custodial$21K1.5%
Investment mgmt$576K41.8%
Legal$47K3.4%
Actuarial$28K2.1%
Salaries / allowances$494K35.8%
Other / not subdivided$203K14.7%

% of EOY assets

0.563%

all-in expense ratio

Categories reported

6 / 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: $16,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,382

$88,479-61.1%

$96,543-64.4%

$80,187-57.1%

Participation rate

100.0%

79.9%+20.1pp

74.3%+25.7pp

72.9%+27.1pp

Annual return

13.15%

22.53%-9.4pp

35.75%-22.6pp

40.40%-27.3pp

Employer contribution / active EE

$6,721

$4,177+60.9%

$3,741+79.7%

$2,980+125.6%

Participant deferral / active EE

$3,961-100.0%

$4,880-100.0%

$5,016-100.0%

Admin fee / account holder

$194

$211-8.4%

$6,737-97.1%

$145+33.5%

Provider

Service type

Compensation

STACEY BRAUN ASSOCIATES, INC.9+ years

Service code 28 · EIN 13-2889432

Investment Management

$206,724

LOOMIS SAYLES6 years

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 04-3200030

Investment Management

$112,022

ZIEGLER CAPITAL MANAGEMENT, LLC1 year

Service code 28 · EIN 43-1273600

Investment Management

$107,399

INCOME RESEARCH & MANAGEMENT6 years

Service code 28 · EIN 04-2955404

Investment Management

$106,480

EMPLOYEE FIDUCIARY, LLC1 year

Filed as: EMPLOYEE F