Retirement plan

IUOE LOCAL 478 ANNUITY FUND

Name: BOARD OF TRUSTEES IUOE LOCAL 478 ANNUITY FUND - IUOE LOCAL 478 ANNUITY FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES IUOE LOCAL 478 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IUOE LOCAL 478 ANNUITY FUND, BOARD OF TRUSTEES IUOE LOCAL 478 ANNUITY FUND

BOARD OF TRUSTEES IUOE LOCAL 478 ANNUITY FUNDEIN 06-1230516Plan #001PY 2017

1965 DIXWELL AVENUE - HAMDEN, CT 065142400203-288-9261

Prospect flagsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$234.2M

-5.6% from 2016

Total participants

4,115

-5.0% from 2016

Average account balance

$69,650

-3.6% from 2016

Annual return

14.04%

-5.94 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$377.32M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

3,851

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$282

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 16 by compensation

Provider	Service type	Compensation
REID & RIEGE, P.C.2 years Filed as: REID AND REIGE, P.C. Service code 29 · EIN 06-0867204	Legal	$58,029
THE SEGAL COMPANY1 year Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$38,316
SCHULTHEIS & PANETTIERI, LLP3+ years Service code 10 · EIN 13-1577780	Accounting	$35,057
THE SEGAL COMPANY3+ years Service code 16 · EIN 13-1835864	Consulting	$18,901
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$75
ALLIANZ GLOBAL INVESTORS1 year Service code 52 · EIN 47-0887613	Indirect Investment Fees	$0
DODGE & COX1 year Service code 52 · EIN 94-3073289	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY ADVISOR Service code 52 · EIN 04-3335387	Indirect Investment Fees	$0
MANNING & NAPIER1 year Service code 52 · EIN 16-0995736	Indirect Investment Fees	$0
MANNING & NAPIER1 year Filed as: MANNING & NAPIERD Service code 52	Indirect Investment Fees	$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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$620K

$159 / participant

Investment mgmt$40K6.4%
Other / not subdivided$581K93.6%

% of EOY assets

0.265%

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: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,650

$89,274-22.0%

$149,721-53.5%

$77,958-10.7%

Participation rate

80.7%

87.6%-6.9pp

87.1%-6.3pp

71.6%+9.1pp

Annual return

14.04%

20.36%-6.3pp

1501.67%-1487.6pp

20.87%-6.8pp

Employer contribution / active EE

$2,975

$3,727-20.2%

$5,444-45.4%

$2,310+28.8%

Participant deferral / active EE

$488

$5,382-90.9%

$6,568-92.6%

$3,537-86.2%

Admin fee / account holder

$185

$240-23.1%

$11,282-98.4%

$97+89.5%

Provider

Service type

Compensation

REID & RIEGE, P.C.2 years

Filed as: REID AND REIGE, P.C.

Service code 29 · EIN 06-0867204

Legal

$58,029

THE SEGAL COMPANY1 year

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$38,316

SCHULTHEIS & PANETTIERI, LLP3+ years

Service code 10 · EIN 13-1577780

Accounting

$35,057

THE SEGAL COMPANY3+ years

Service code 16 · EIN 13-1835864

Consulting

$18,901

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$75

ALLIANZ GLOBAL INVESTORS1 year

Service code 52 · EIN 47-0887613

Indirect Investment Fees

DODGE & COX1 year

Service code 52 · EIN 94-3073289

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY ADVISOR

Service code 52 · EIN 04-3335387

Indirect Investment Fees

MANNING & NAPIER1 year

Service code 52 · EIN 16-0995736

Indirect Investment Fees

MANNING & NAPIER1 year

Filed as: MANNING & NAPIERD

Service code 52

Indirect Investment Fees

IUOE LOCAL 478 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IUOE LOCAL 478 ANNUITY 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