Retirement plan

ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LONG ISLAND

Name: BOARD OF TRUST OF THE ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LI - ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LONG ISLAND (2020) Form 5500
Creator: BOARD OF TRUST OF THE ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LONG ISLAND, BOARD OF TRUST OF THE ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LI

BOARD OF TRUST OF THE ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LIEIN 11-6045930Plan #002PY 2020

372 VANDERBILT MOTOR PARKWAY - HAUPPAUGE, NY 117885133631-434-3344

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$413.3M

-3.9% from 2016

Total participants

3,092

-0.7% from 2016

Average account balance

$133,678

-3.2% from 2016

Annual return

6.52%

-6.23 pp from 2016

Benchmarks

See 458 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort458 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$445.65M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

2,955

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.

99.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+7.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$446

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 14 by compensation

Provider	Service type	Compensation
ULLICO6+ years Filed as: UNION LABOR LIFE INSURANCE COMPANY Service code 28 · EIN 13-1423090	Investment Management	$125,457
THE BANK OF NEW YORK MELLON6+ years Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 13-5160382	Securities Custodian	$103,203
LOOMIS SAYLES3 years Filed as: LOOMIS SAYLES TRUST COMPANY, LLC Service code 28 · EIN 20-8080381	Investment Management	$100,060
NATIONAL INVESTMENT SERVICES6+ years Service code 28 · EIN 84-3937993	Investment Management	$97,527
PANAGORA ASSET MANAGEMENT6+ years Service code 28 · EIN 04-3063840	Investment Management	$90,267
FIDUCIARY INVESTMENT ADVISORS6+ years Filed as: FIDUCIARY TRUST INT'L OF THE SOUTH Service code 28 · EIN 65-0080824	Investment Management	$87,558
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 · EIN 13-2646110	Advisory (Plan)	$59,230
BMO HARRIS BANK NA5 years Filed as: BMO ASSET MANAGEMENT CORP. Service code 27 · EIN 36-3673844	Advisory (Plan)	$52,666
SCHULTHEIS & PANETTIERI, LLP6+ years Service code 10 · EIN 13-1577780	Accounting	$45,500
LSV ASSET MANAGEMENT6+ years Service code 28 · EIN 23-2772200	Investment Management	$44,010

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

$1.3M

$530 / participant

Investment mgmt$800K60.3%
Other / not subdivided$527K39.7%

% of EOY assets

0.321%

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: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,678

$81,719+63.6%

$101,275+32.0%

$90,274+48.1%

Participation rate

100.0%

80.7%+19.3pp

75.8%+24.2pp

73.4%+26.6pp

Annual return

6.52%

337.64%-331.1pp

46.46%-39.9pp

53.97%-47.5pp

Employer contribution / active EE

$4,699

$3,622+29.7%

$3,660+28.4%

$2,523+86.2%

Participant deferral / active EE

$3,310-100.0%

$4,370-100.0%

$4,231-100.0%

Admin fee / account holder

$429

$162+165.1%

$5,948-92.8%

$114+276.3%

Provider

Service type

Compensation

ULLICO6+ years

Filed as: UNION LABOR LIFE INSURANCE COMPANY

Service code 28 · EIN 13-1423090

Investment Management

$125,457

THE BANK OF NEW YORK MELLON6+ years

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 13-5160382

Securities Custodian

$103,203

LOOMIS SAYLES3 years

Filed as: LOOMIS SAYLES TRUST COMPANY, LLC

Service code 28 · EIN 20-8080381

Investment Management

$100,060

NATIONAL INVESTMENT SERVICES6+ years

Service code 28 · EIN 84-3937993

Investment Management

$97,527

PANAGORA ASSET MANAGEMENT6+ years

Service code 28 · EIN 04-3063840

Investment Management

$90,267

FIDUCIARY INVESTMENT ADVISORS6+ years

Filed as: FIDUCIARY TRUST INT'L OF THE SOUTH

Service code 28 · EIN 65-0080824

Investment Management

$87,558

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27 · EIN 13-2646110

Advisory (Plan)

$59,230

BMO HARRIS BANK NA5 years

Filed as: BMO ASSET MANAGEMENT CORP.

Service code 27 · EIN 36-3673844

Advisory (Plan)

$52,666

SCHULTHEIS & PANETTIERI, LLP6+ years

Service code 10 · EIN 13-1577780

Accounting

$45,500

LSV ASSET MANAGEMENT6+ years

Service code 28 · EIN 23-2772200

Investment Management

$44,010

ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LONG ISLAND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANNUITY FD OF THE ELECTRICAL INDUSTRY OF LONG ISLAND

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