Retirement plan

LOCAL 138, 138A, 138B & 138C INTERNATI OF OPERATING ENGINEERS ANNUITY FUND

Name: BOARD OF TRUSTEES LOCAL 138, 138A, 138B & 138C IUOE ANNUITY FUND - LOCAL 138, 138A, 138B & 138C INTERNATI OF OPERATING ENGINEERS ANNUITY FUND (2018) Form 5500
Creator: BOARD OF TRUSTEES LOCAL 138, 138A, 138B & 138C IUOE ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 138, 138A, 138B & 138C INTERNATI OF OPERATING ENGINEERS ANNUITY FUND, BOARD OF TRUSTEES LOCAL 138, 138A, 138B & 138C IUOE ANNUITY FUND

BOARD OF TRUSTEES LOCAL 138, 138A, 138B & 138C IUOE ANNUITY FUNDEIN 11-2653717Plan #002PY 2018

P.O. BOX 206, 137 GAZZA BLVD. - FARMINGDALE, NY 11735631-694-2480

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$259.1M

-4.6% from 2017

Total participants

2,114

-1.9% from 2017

Average account balance

$122,569

No prior year

Annual return

4.73%

-3.69 pp from 2017

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$389.52M

Not enough data

1 years with asset history on file

Average account balance

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

$139K

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.

2,804

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

$28.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+8.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1115

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 20 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: BANK OF AMERICA/MERRILL LYNCH Service code 19 · EIN 13-5674085	Securities Custodian	$619,611
BERDON LLP3+ years Service code 10 · EIN 13-0485070	Accounting	$180,088
EATON VANCE3+ years Service code 28 · EIN 04-3101341	Investment Management	$165,137
TOCQUEVILLE ASSET MANAGEMENT3+ years Filed as: TOCQUEVILLE Service code 28 · EIN 13-3547557	Investment Management	$153,647
AFL-CIO HOUSING INVESTMENT TRUST2 years Filed as: AFL-CIO BIT Service code 28 · EIN 52-6328901	Investment Management	$153,126
IUOE LOCAL 138 APPRENTICE FUND3+ years Service code 49 · EIN 11-2000172	Other Services	$148,500
IUOE LOCAL 138 WELFARE FUND3+ years Service code 49 · EIN 11-1628170	Other Services	$145,142
INTERCONTINENTAL REAL ESTATE CORP1 year Filed as: INTERCONTINENTAL REAL ESTATE Service code 28 · EIN 04-2895544	Investment Management	$113,279
BLACKROCK3+ years Service code 28 · EIN 20-5319476	Investment Management	$111,137
IUOE LOCAL 138, 138A, 138B, 138C3+ years Service code 49 · EIN 11-0908470	Other Services	$109,027

Plan features & details

Pension benefit codes2E2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$2.3M

$1165 / participant

Investment mgmt$1M64.8%
Other / not subdivided$806K35.2%

% of EOY assets

0.882%

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: BERDON LLP
Auditor EIN: 130485070
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,569

$82,546+48.5%

$140,019-12.5%

$75,289+62.8%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

72.4%+27.6pp

Annual return

4.73%

-0.36%+5.1pp

651.19%-646.5pp

-0.04%+4.8pp

Employer contribution / active EE

$8,836

$3,856+129.1%

$5,605+57.6%

$2,405+267.4%

Participant deferral / active EE

$5,731-100.0%

$6,927-100.0%

$3,739-100.0%

Admin fee / account holder

$1,082

$86+1161.3%

$10,705-89.9%

$102+957.3%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: BANK OF AMERICA/MERRILL LYNCH

Service code 19 · EIN 13-5674085

Securities Custodian

$619,611

BERDON LLP3+ years

Service code 10 · EIN 13-0485070

Accounting

$180,088

EATON VANCE3+ years

Service code 28 · EIN 04-3101341

Investment Management

$165,137

TOCQUEVILLE ASSET MANAGEMENT3+ years

Filed as: TOCQUEVILLE

Service code 28 · EIN 13-3547557

Investment Management

$153,647

AFL-CIO HOUSING INVESTMENT TRUST2 years

Filed as: AFL-CIO BIT

Service code 28 · EIN 52-6328901

Investment Management

$153,126

IUOE LOCAL 138 APPRENTICE FUND3+ years

Service code 49 · EIN 11-2000172

Other Services

$148,500

IUOE LOCAL 138 WELFARE FUND3+ years

Service code 49 · EIN 11-1628170

Other Services

$145,142

INTERCONTINENTAL REAL ESTATE CORP1 year

Filed as: INTERCONTINENTAL REAL ESTATE

Service code 28 · EIN 04-2895544

Investment Management

$113,279

BLACKROCK3+ years

Service code 28 · EIN 20-5319476

Investment Management

$111,137

IUOE LOCAL 138, 138A, 138B, 138C3+ years

Service code 49 · EIN 11-0908470

Other Services

$109,027

LOCAL 138, 138A, 138B & 138C INTERNATI OF OPERATING ENGINEERS ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 138, 138A, 138B & 138C INTERNATI OF OPERATING ENGINEERS 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