Retirement plan

N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND

Name: BD OF TRUSTEES -N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND - N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND (2018) Form 5500
Creator: BD OF TRUSTEES -N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND, BD OF TRUSTEES -N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND

BD OF TRUSTEES -N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUNDdba PENSION FUNDEIN 06-6152969Plan #001PY 2018

C/O ZENITH AMERICAN SOLUTIONS, P.O. BOX 5817 - WALLINGFORD, CT 06492203-269-7741LinkedIn501-1000 employeesconstruction

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$59.9M

+6.4% from 2017

Total participants

920

0.0% from 2017

Average account balance

No prior year

Annual return

7.63%

-2.09 pp from 2017

Benchmarks

See 194 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort194 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.84M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

571

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

$5.79M

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

+6.71%

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 14 by compensation

Provider	Service type	Compensation
RCP ADVISORS 2, LLC1 year Service code 28 · EIN 45-5510695	Investment Management	$122,208
ZENITH AMERICAN SOLUTIONS1 year Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 13 · EIN 52-1590516	Contract Administrator	$68,400
MEKETA INVESTMENT GROUP2 years Filed as: MEKETA INVESTMENT GROUP LLP Service code 17 · EIN 04-2659023	Pension Consulting	$58,125
BAIRD FUNDS1 year Filed as: ROBERT CHEVERIE & ASSOC. Service code 29 · EIN 06-1335139	Legal	$50,000
NATIONAL REAL ESTATE ADVISORS, LLC1 year Service code 28 · EIN 26-2237421	Investment Management	$37,967
UBS FINANCIAL SERVICES INC1 year Filed as: UBS REALTY INVESTORS LLC Service code 28 10 STATE HOUSE SQUARE, 15TH FLOOR · HARTFORD, CT 06103	Investment Management	$34,918
CBIZ RETIREMENT PLAN SERVICES2 years Service code 11 · EIN 31-1582098	Actuarial	$33,000
GCM GROSVENOR1 year Filed as: GROSVENOR CAPITAL MANAGMENT, L.P. Service code 28 · EIN 36-3795985	Investment Management	$28,738
GOLDMAN SACHS1 year Filed as: CORBIN CAPITAL PARTNERS, L.P. Service code 28 · EIN 30-0299433	Investment Management	$24,113
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO Service code 19 · EIN 94-1347393	Securities Custodian	$22,468

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

$573K

$1427 / participant

Investment mgmt$361K63.0%
Contract admin$68K11.9%
Other / not subdivided$144K25.1%

% of EOY assets

0.958%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,831-100.0%

$245,396-100.0%

$18,026,966-100.0%

Participation rate

0.0%

0.0%0pp

43.0%-43.0pp

1.8%-1.8pp

Annual return

7.63%

4.25%+3.4pp

-752.26%+759.9pp

0.19%+7.4pp

Employer contribution / active EE

$12,051

$11,906+1.2%

$31,802-62.1%

$13,763-12.4%

Participant deferral / active EE

$1,467-100.0%

$47-100.0%

$804-100.0%

Admin fee / account holder

$593-100.0%

$1,223-100.0%

$426-100.0%

Provider

Service type

Compensation

RCP ADVISORS 2, LLC1 year

Service code 28 · EIN 45-5510695

Investment Management

$122,208

ZENITH AMERICAN SOLUTIONS1 year

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 13 · EIN 52-1590516

Contract Administrator

$68,400

MEKETA INVESTMENT GROUP2 years

Filed as: MEKETA INVESTMENT GROUP LLP

Service code 17 · EIN 04-2659023

Pension Consulting

$58,125

BAIRD FUNDS1 year

Filed as: ROBERT CHEVERIE & ASSOC.

Service code 29 · EIN 06-1335139

Legal

$50,000

NATIONAL REAL ESTATE ADVISORS, LLC1 year

Service code 28 · EIN 26-2237421

Investment Management

$37,967

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS REALTY INVESTORS LLC

Service code 28

10 STATE HOUSE SQUARE, 15TH FLOOR · HARTFORD, CT 06103

Investment Management

$34,918

CBIZ RETIREMENT PLAN SERVICES2 years

Service code 11 · EIN 31-1582098

Actuarial

$33,000

GCM GROSVENOR1 year

Filed as: GROSVENOR CAPITAL MANAGMENT, L.P.

Service code 28 · EIN 36-3795985

Investment Management

$28,738

GOLDMAN SACHS1 year

Filed as: CORBIN CAPITAL PARTNERS, L.P.

Service code 28 · EIN 30-0299433

Investment Management

$24,113

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO

Service code 19 · EIN 94-1347393

Securities Custodian

$22,468

N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

N.E.C.A.-I.B.E.W. LOCAL UNION NO. 35 PENSION FUND

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