Retirement plan

EMP. PENSION BENEFIT PLAN LO. 640 I.A.T.S.E.

Name: BOARD OF TRUSTEES EMPLOYEE PENSION BENEFIT PLAN LO. 640 I.A.T.S.E. - EMP. PENSION BENEFIT PLAN LO. 640 I.A.T.S.E. (2017) Form 5500
Creator: BOARD OF TRUSTEES EMPLOYEE PENSION BENEFIT PLAN LO. 640 I.A.T.S.E.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMP. PENSION BENEFIT PLAN LO. 640 I.A.T.S.E., BOARD OF TRUSTEES EMPLOYEE PENSION BENEFIT PLAN LO. 640 I.A.T.S.E.

BOARD OF TRUSTEES EMPLOYEE PENSION BENEFIT PLAN LO. 640 I.A.T.S.E.EIN 11-6009100Plan #001PY 2017

350 FIFTH AVENUE, SUITE 3700 - NEW YORK, NY 10118212-878-0433

Prospect flagsHigh retiree %Low returns

How to read this page

Total assets (EOY)

$1.7M

-15.0% from 2016

Total participants

150

-5.1% from 2016

Average account balance

No prior year

Annual return

-4.36%

-1.73 pp from 2016

Benchmarks

See 2,912 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined benefit

Participants<25

Cohort2,912 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$141K

Not enough data

1 years with asset history on file

Average account balance

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

$1K

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.

124

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+268.41%

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 4 by compensation

Provider	Service type	Compensation
ARCHER, BYINGTON, GLENNON & LEVINE2+ years Service code 29 · EIN 26-0873462	Legal	$102,231
SUMMIT FINANCIAL CORPORATION2+ years Filed as: SUMMIT ACTUARIAL SERVICES, LLC Service code 11 · EIN 77-0645890	Actuarial	$35,015
BERDON LLP2+ years Service code 10 · EIN 13-0485070	Accounting	$24,869
USI CONSULTING GROUP1 year Filed as: USI CONSULTING, INC. Service code 14 · EIN 06-1053228	Plan Administrator	$22,966

Plan features & details

Pension benefit codes1B1I

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.

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

$233K

Investment mgmt$1K0.5%
Other / not subdivided$232K99.5%

% of EOY assets

13.492%

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

$425,338-100.0%

$411,917-100.0%

$248,183-100.0%

Participation rate

0.0%

35.6%-35.6pp

16.2%-16.2pp

45.9%-45.9pp

Annual return

-4.36%

9.03%-13.4pp

10.36%-14.7pp

10.21%-14.6pp

Employer contribution / active EE

$48,592-100.0%

$37,738-100.0%

$42,272-100.0%

Participant deferral / active EE

$154-100.0%

$137-100.0%

$121-100.0%

Admin fee / account holder

$16,407-100.0%

$15,661-100.0%

$13,518-100.0%

Provider

Service type

Compensation

ARCHER, BYINGTON, GLENNON & LEVINE2+ years

Service code 29 · EIN 26-0873462

Legal

$102,231

SUMMIT FINANCIAL CORPORATION2+ years

Filed as: SUMMIT ACTUARIAL SERVICES, LLC

Service code 11 · EIN 77-0645890

Actuarial

$35,015

BERDON LLP2+ years

Service code 10 · EIN 13-0485070

Accounting

$24,869

USI CONSULTING GROUP1 year

Filed as: USI CONSULTING, INC.

Service code 14 · EIN 06-1053228

Plan Administrator

$22,966

EMP. PENSION BENEFIT PLAN LO. 640 I.A.T.S.E.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMP. PENSION BENEFIT PLAN LO. 640 I.A.T.S.E.

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