Retirement plan

PENSION PLAN PRIVATE SANITATION UNION LOCAL 813 IBT

Name: BOARD OF TRUSTEES OF PENSION FUND PRIVATE SANITATION UNION LOCAL 813 I - PENSION PLAN PRIVATE SANITATION UNION LOCAL 813 IBT (2023) Form 5500
Creator: BOARD OF TRUSTEES OF PENSION FUND PRIVATE SANITATION UNION LOCAL 813 I
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PENSION PLAN PRIVATE SANITATION UNION LOCAL 813 IBT, BOARD OF TRUSTEES OF PENSION FUND PRIVATE SANITATION UNION LOCAL 813 I

BOARD OF TRUSTEES OF PENSION FUND PRIVATE SANITATION UNION LOCAL 813 IEIN 13-1975659Plan #001PY 2023

48-18 VAN DAM STREET, SUITE 201 - LONG ISLAND CITY, NY 111013107718-937-7150

Prospect flagsHigh retiree %

How to read this page

Total assets (EOY)

$168.7M

-6.6% from 2016

Total participants

3,333

+1.4% from 2016

Average account balance

No prior year

Annual return

8.07%

-10.47 pp from 2016

Benchmarks

See 1,399 peers

Peer group

Industryany (size+type match)

Plan typeDefined benefit

Participants250-999

Cohort1,399 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$278.69M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

2,818

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+71.43%

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

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Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
PROSKAUER ROSE LLP1 year Service code 29 · EIN 13-1840454	Legal	$694,377
O'SULLIVAN ASSOCIATES1 year Service code 11	Actuarial	$61,600
SHANAE JOHNSON2 years Service code 30 · EIN 13-1975659	Employee (plan); Direct payment from ...	$55,787
ANDREW FAIR, ESQ.2 years Filed as: ANDREW ANDERSON Service code 30 · EIN 13-1975659	Employee (plan); Direct payment from ...	$54,582
THE BANK OF NEW YORK MELLON9+ years Service code 19 · EIN 13-5160382	Securities Custodian	$49,147
QUAN-VEST CONSULTANTS, INC.2 years Service code 27 · EIN 11-2559669	Advisory (Plan)	$47,244
CALIBRE CPA GROUP PLLC7 years Service code 10 · EIN 47-0900880	Accounting	$46,880
DOMINICK GIGLIO3 years Service code 30 · EIN 13-1975659	Direct payment from the plan; Employe...	$39,915
CAROL NAGY2 years Filed as: CAROL A. FRANKLIN Service code 30 · EIN 13-1975659	Direct payment from the plan; Employe...	$39,042
C AND S CONSULTING2 years Service code 20 · EIN 87-2270288	Trustee (individual); Direct payment ...	$38,400

Enrolled actuary

1 attachment

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Plan features & details

Pension benefit codes1B

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).

Opportunity flags

1 tripped

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

$2.0M

$3789 / participant

Trustee / custodial$14K0.7%
Investment mgmt$286K14.5%
Legal$694K35.3%
Actuarial$73K3.7%
Salaries / allowances$390K19.8%
Other trustee fees$38K2.0%
Other / not subdivided$472K24.0%

% of EOY assets

1.166%

all-in expense ratio

Categories reported

6 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CALIBRE CPA GROUP, PLLC
Auditor EIN: 470900880
Audit fees: $46,880
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$3,299,877-100.0%

$337,745-100.0%

$3,299,877-100.0%

Participation rate

0.0%

2.3%-2.3pp

44.1%-44.1pp

2.3%-2.3pp

Annual return

8.07%

37.77%-29.7pp

9.57%-1.5pp

37.77%-29.7pp

Employer contribution / active EE

$16,601

$15,798+5.1%

$39,814-58.3%

$15,798+5.1%

Participant deferral / active EE

$732-100.0%

$46-100.0%

$732-100.0%

Admin fee / account holder

$9,287-100.0%

$352,588-100.0%

$9,287-100.0%

Provider

Service type

Compensation

PROSKAUER ROSE LLP1 year

Service code 29 · EIN 13-1840454

Legal

$694,377

O'SULLIVAN ASSOCIATES1 year

Service code 11

Actuarial

$61,600

SHANAE JOHNSON2 years

Service code 30 · EIN 13-1975659

Employee (plan); Direct payment from ...

$55,787

ANDREW FAIR, ESQ.2 years

Filed as: ANDREW ANDERSON

Service code 30 · EIN 13-1975659

Employee (plan); Direct payment from ...

$54,582

THE BANK OF NEW YORK MELLON9+ years

Service code 19 · EIN 13-5160382

Securities Custodian

$49,147

QUAN-VEST CONSULTANTS, INC.2 years

Service code 27 · EIN 11-2559669

Advisory (Plan)

$47,244

CALIBRE CPA GROUP PLLC7 years

Service code 10 · EIN 47-0900880

Accounting

$46,880

DOMINICK GIGLIO3 years

Service code 30 · EIN 13-1975659

Direct payment from the plan; Employe...

$39,915

CAROL NAGY2 years

Filed as: CAROL A. FRANKLIN

Service code 30 · EIN 13-1975659

Direct payment from the plan; Employe...

$39,042

C AND S CONSULTING2 years

Service code 20 · EIN 87-2270288

Trustee (individual); Direct payment ...

$38,400

PENSION PLAN PRIVATE SANITATION UNION LOCAL 813 IBT

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PENSION PLAN PRIVATE SANITATION UNION LOCAL 813 IBT

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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