Retirement plan

UNITED UNION OF ROOFERS, WATERPROOFERS & ALLIED WORKERS, LOCAL 154 ANNUITY FUND

Name: BOARD OF TRUSTEES LOCAL 154 ANNUITY FUND - UNITED UNION OF ROOFERS, WATERPROOFERS & ALLIED WORKERS, LOCAL 154 ANNUITY FUND (2020) Form 5500
Creator: BOARD OF TRUSTEES LOCAL 154 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED UNION OF ROOFERS, WATERPROOFERS & ALLIED WORKERS, LOCAL 154 ANNUITY FUND, BOARD OF TRUSTEES LOCAL 154 ANNUITY FUND

BOARD OF TRUSTEES LOCAL 154 ANNUITY FUNDEIN 11-2644048Plan #001PY 2020

370 VANDERBILT MOTOR PARKWAY - HAUPPAUGE, NY 11788631-435-0655

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$26.4M

+15.3% from 2019

Total participants

520

+4.0% from 2019

Average account balance

$50,814

+10.9% from 2019

Annual return

11.43%

-4.68 pp from 2019

Benchmarks

See 2,211 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,211 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.68M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

598

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

$2.48M

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

+12.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$335

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 8 by compensation

Provider	Service type	Compensation
MARSHALL & MOSS PAYROLL COMPLIANCE4 years Filed as: MARSHALL & MOSS ADMIN SERVICES, INC Service code 13 · EIN 81-2845805 1400 OLD COUNTRY ROAD · WESTBURY, NY 11590	Contract Administrator	$35,583
VIRGINIA & AMBINDER, LLP5 years Filed as: VIRGINIA & AMBINDER LLP Service code 29 · EIN 13-4166736 40 BROAD STREET 7TH FLOOR · NEW YORK, NY 10004	Legal	$27,715
WAGNER & ZWERMAN LLP6+ years Service code 10 · EIN 11-2836481 201 OLD COUTNRY ROAD · MELVILLE, NY 11747	Accounting	$21,930
INTERCONTINENTAL REAL ESTATE CORP1 year Filed as: INTERCONTINENTAL REAL ESTATE Service code 28 · EIN 04-2895544 1270 SOLDIERS FIELD ROAD · BOSTON, MA 02135	Investment Management	$18,824
FOUNDRY PARTNERS6+ years Filed as: FOUNDRY PARTNERS, LLC Service code 28 · EIN 46-1184506 323 WASHINGTON AVENUE NORTH · MINNEAPOLIS, MN 55401	Investment Management	$18,660
BOYD WATTERSON ASSET MANAGEMENT1 year Filed as: BOYD WATTERSON Service code 28 · EIN 34-1922005 1301 E 9TH STREET SUITE 2900 · CLEVELAND, OH 44114	Investment Management	$17,018
REYNOLDS CONSULTING SERVICES5 years Service code 27 · EIN 20-1899564 25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801	Advisory (Plan)	$8,323
AMALGAMATED BANK6+ years Service code 19 · EIN 13-4920330 275 7TH AVENUE · NEW YORK, NY 10001	Securities Custodian	$5,000

Plan features & details

Pension benefit codes2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$170K

$1000 / participant

Investment mgmt$68K39.9%
Contract admin$36K20.9%
Other / not subdivided$67K39.2%

% of EOY assets

0.643%

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: WAGNER & ZWERMAN LLP
Auditor EIN: 112836481
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,814

$136,307-62.7%

$177,848-71.4%

$73,497-30.9%

Participation rate

100.0%

86.1%+13.9pp

87.7%+12.3pp

70.7%+29.3pp

Annual return

11.43%

18.68%-7.2pp

48.33%-36.9pp

28.51%-17.1pp

Employer contribution / active EE

$11,905

$3,712+220.7%

$5,919+101.1%

$2,270+424.4%

Participant deferral / active EE

$5,829-100.0%

$7,714-100.0%

$3,740-100.0%

Admin fee / account holder

$327

$596-45.1%

$12,431-97.4%

$513-36.3%

Provider

Service type

Compensation

MARSHALL & MOSS PAYROLL COMPLIANCE4 years

Filed as: MARSHALL & MOSS ADMIN SERVICES, INC

Service code 13 · EIN 81-2845805

1400 OLD COUNTRY ROAD · WESTBURY, NY 11590

Contract Administrator

$35,583

VIRGINIA & AMBINDER, LLP5 years

Filed as: VIRGINIA & AMBINDER LLP

Service code 29 · EIN 13-4166736

40 BROAD STREET 7TH FLOOR · NEW YORK, NY 10004

Legal

$27,715

WAGNER & ZWERMAN LLP6+ years

Service code 10 · EIN 11-2836481

201 OLD COUTNRY ROAD · MELVILLE, NY 11747

Accounting

$21,930

INTERCONTINENTAL REAL ESTATE CORP1 year

Filed as: INTERCONTINENTAL REAL ESTATE

Service code 28 · EIN 04-2895544

1270 SOLDIERS FIELD ROAD · BOSTON, MA 02135

Investment Management

$18,824

FOUNDRY PARTNERS6+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 28 · EIN 46-1184506

323 WASHINGTON AVENUE NORTH · MINNEAPOLIS, MN 55401

Investment Management

$18,660

BOYD WATTERSON ASSET MANAGEMENT1 year

Filed as: BOYD WATTERSON

Service code 28 · EIN 34-1922005

1301 E 9TH STREET SUITE 2900 · CLEVELAND, OH 44114

Investment Management

$17,018

REYNOLDS CONSULTING SERVICES5 years

Service code 27 · EIN 20-1899564

25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801

Advisory (Plan)

$8,323

AMALGAMATED BANK6+ years

Service code 19 · EIN 13-4920330

275 7TH AVENUE · NEW YORK, NY 10001

Securities Custodian

$5,000

UNITED UNION OF ROOFERS, WATERPROOFERS & ALLIED WORKERS, LOCAL 154 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED UNION OF ROOFERS, WATERPROOFERS & ALLIED WORKERS, LOCAL 154 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