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 (2020) 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 FUNDEIN 06-6152969Plan #001PY 2020

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

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$60.4M

-3.1% from 2019

Total participants

919

-0.3% from 2019

Average account balance

No prior year

Annual return

-1.50%

-6.52 pp from 2019

Benchmarks

See 249 peers

Peer group

Industry23 - Construction

Plan typeDefined benefit

Participants250-999

Cohort249 peers

Snapshot2020

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

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Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
RCP ADVISORS 2, LLC3 years Service code 28 · EIN 45-5510695	Investment Management	$122,370
IFM INVESTORS PTY LTD1 year Filed as: IFM INVESTORS, LLC Service code 28 114 WEST 47TH STREET, 26TH FL · NEW YORK, NY 10036	Investment Management	$94,057
ZENITH AMERICAN SOLUTIONS3 years Filed as: ZENITH AMERICAN SOLUTIONS, INC. Service code 13 · EIN 52-1590516	Contract Administrator	$72,600
MEKETA INVESTMENT GROUP4 years Filed as: MEKETA INVESTMENT GROUP LLP Service code 17 · EIN 04-2659023	Pension Consulting	$61,875
BAIRD FUNDS3 years Filed as: ROBERT CHEVERIE & ASSOC. Service code 29 · EIN 06-1335139	Legal	$50,844
NATIONAL REAL ESTATE ADVISORS, LLC3 years Service code 28 · EIN 26-2237421	Investment Management	$41,430
UBS FINANCIAL SERVICES INC3 years Filed as: UBS REALTY INVESTORS LLC Service code 28 10 STATE HOUSE SQUARE, 15TH FLOOR · HARTFORD, CT 06103	Investment Management	$39,278
HARBOURVEST PARTNERS LP1 year Filed as: HARBORVEST PARTNERS, LLC Service code 28 · EIN 04-3335829	Investment Management	$38,488
CBIZ RETIREMENT PLAN SERVICES4 years Service code 17 · EIN 31-1582098	Pension Consulting	$33,383
HAMILTON LANE ADVISORS, LLC4 years Service code 28 · EIN 23-2962336	Investment Management	$26,288

Enrolled actuary

1 attachment

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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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$382K

$977 / participant

Investment mgmt$167K43.8%
Contract admin$73K19.0%
Other / not subdivided$142K37.2%

% of EOY assets

0.632%

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

$1,055,769-100.0%

$165,322-100.0%

$2,822,362-100.0%

Participation rate

0.0%

0.0%0pp

32.5%-32.5pp

0.6%-0.6pp

Annual return

-1.50%

6.41%-7.9pp

8.01%-9.5pp

11.45%-13.0pp

Employer contribution / active EE

$12,609

$11,592+8.8%

$29,475-57.2%

$17,219-26.8%

Participant deferral / active EE

$735-100.0%

$357-100.0%

Admin fee / account holder

$13,084-100.0%

$637-100.0%

$15,480-100.0%

Provider

Service type

Compensation

RCP ADVISORS 2, LLC3 years

Service code 28 · EIN 45-5510695

Investment Management

$122,370

IFM INVESTORS PTY LTD1 year

Filed as: IFM INVESTORS, LLC

Service code 28

114 WEST 47TH STREET, 26TH FL · NEW YORK, NY 10036

Investment Management

$94,057

ZENITH AMERICAN SOLUTIONS3 years

Filed as: ZENITH AMERICAN SOLUTIONS, INC.

Service code 13 · EIN 52-1590516

Contract Administrator

$72,600

MEKETA INVESTMENT GROUP4 years

Filed as: MEKETA INVESTMENT GROUP LLP

Service code 17 · EIN 04-2659023

Pension Consulting

$61,875

BAIRD FUNDS3 years

Filed as: ROBERT CHEVERIE & ASSOC.

Service code 29 · EIN 06-1335139

Legal

$50,844

NATIONAL REAL ESTATE ADVISORS, LLC3 years

Service code 28 · EIN 26-2237421

Investment Management

$41,430

UBS FINANCIAL SERVICES INC3 years

Filed as: UBS REALTY INVESTORS LLC

Service code 28

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

Investment Management

$39,278

HARBOURVEST PARTNERS LP1 year

Filed as: HARBORVEST PARTNERS, LLC

Service code 28 · EIN 04-3335829

Investment Management

$38,488

CBIZ RETIREMENT PLAN SERVICES4 years

Service code 17 · EIN 31-1582098

Pension Consulting

$33,383

HAMILTON LANE ADVISORS, LLC4 years

Service code 28 · EIN 23-2962336

Investment Management

$26,288

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