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 (2023) 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 2023

370 VANDERBILT MOTOR PKWY, SUITE 1 - HAUPPAUGE, NY 117885181631-435-0655

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$31.8M

+17.1% from 2022

Total participants

587

+4.3% from 2022

Average account balance

$54,234

+12.4% from 2022

Annual return

12.15%

+23.92 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

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 COMPLIANCE7 years Filed as: MARSHALL & MOSS ADMIN SERVICES, INC Service code 13 · EIN 81-2845805 1400 OLD COUNTRY ROAD, SUITE 406 · WESTBURY, NY 11590	Contract Administrator	$39,197
BOYD WATTERSON ASSET MANAGEMENT4 years Filed as: BOYD WATTERSON Service code 28 · EIN 34-1922005 1301 E 9TH STREET, SUITE 2900 · CLEVELAND, OH 44114	Investment Management	$25,382
LOOMIS SAYLES3 years Filed as: LOOMIS SAYLES TRUST COMPANY Service code 28 · EIN 20-8080381 ONE FINANCIAL CENTER · BOSTON, MA 02111	Investment Management	$24,794
GETTRY MARCUS CPA, P.C.2 years Service code 10 · EIN 13-3418879 88 FROEHLICH FARM BLVD, 3RD FLOOR · WOODBURY, NY 11797	Accounting	$17,968
INTERCONTINENTAL REAL ESTATE CORP4 years Filed as: INTERCONTINENTAL REAL ESTATE Service code 28 · EIN 04-2895544 1270 SOLDIERS FIELD ROAD · BOSTON, MA 02135	Investment Management	$14,942
FOUNDRY PARTNERS9+ years Filed as: FOUNDRY PARTNERS, LLC Service code 28 · EIN 46-1184506 510 FIRST AVENUE NORTH, SUITE 601 · MINNEAPOLIS, MN 55403	Investment Management	$14,463
VIRGINIA & AMBINDER, LLP8 years Filed as: VIRGINIA & AMBINDER LLP Service code 29 · EIN 13-4166736 40 BROAD STREET, 7TH FLOOR · NEW YORK, NY 10004	Legal	$10,493
REYNOLDS CONSULTING SERVICES8 years Service code 27 · EIN 20-1899564 25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801	Advisory (Plan)	$8,692

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

$182K

$1005 / participant

Recordkeeping$4830.3%
Trustee / custodial$67K37.0%
Investment mgmt$23K12.7%
Legal$10K5.8%
Contract admin$39K21.6%
Other / not subdivided$41K22.7%

% of EOY assets

0.571%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CITRIN COOPERMAN & COMPANY, LLP
Auditor EIN: 222428965
Audit fees: $20,985
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,234

$76,696-29.3%

$96,515-43.8%

$71,511-24.2%

Participation rate

100.0%

66.6%+33.4pp

74.3%+25.7pp

67.9%+32.1pp

Annual return

12.15%

48.32%-36.2pp

35.73%-23.6pp

28.86%-16.7pp

Employer contribution / active EE

$13,489

$3,032+345.0%

$3,740+260.7%

$2,589+421.0%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$310

$2,030-84.7%

$6,735-95.4%

$1,588-80.5%

Provider

Service type

Compensation

MARSHALL & MOSS PAYROLL COMPLIANCE7 years

Filed as: MARSHALL & MOSS ADMIN SERVICES, INC

Service code 13 · EIN 81-2845805

1400 OLD COUNTRY ROAD, SUITE 406 · WESTBURY, NY 11590

Contract Administrator

$39,197

BOYD WATTERSON ASSET MANAGEMENT4 years

Filed as: BOYD WATTERSON

Service code 28 · EIN 34-1922005

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

Investment Management

$25,382

LOOMIS SAYLES3 years

Filed as: LOOMIS SAYLES TRUST COMPANY

Service code 28 · EIN 20-8080381

ONE FINANCIAL CENTER · BOSTON, MA 02111

Investment Management

$24,794

GETTRY MARCUS CPA, P.C.2 years

Service code 10 · EIN 13-3418879

88 FROEHLICH FARM BLVD, 3RD FLOOR · WOODBURY, NY 11797

Accounting

$17,968

INTERCONTINENTAL REAL ESTATE CORP4 years

Filed as: INTERCONTINENTAL REAL ESTATE

Service code 28 · EIN 04-2895544

1270 SOLDIERS FIELD ROAD · BOSTON, MA 02135

Investment Management

$14,942

FOUNDRY PARTNERS9+ years

Filed as: FOUNDRY PARTNERS, LLC

Service code 28 · EIN 46-1184506

510 FIRST AVENUE NORTH, SUITE 601 · MINNEAPOLIS, MN 55403

Investment Management

$14,463

VIRGINIA & AMBINDER, LLP8 years

Filed as: VIRGINIA & AMBINDER LLP

Service code 29 · EIN 13-4166736

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

Legal

$10,493

REYNOLDS CONSULTING SERVICES8 years

Service code 27 · EIN 20-1899564

25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801

Advisory (Plan)

$8,692

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