Retirement plan

ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO

Name: BOARD OF TRUSTEES ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO - ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO (2015) Form 5500
Creator: BOARD OF TRUSTEES ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO, BOARD OF TRUSTEES ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO

BOARD OF TRUSTEES ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIOEIN 13-2899670Plan #001PY 2015

44-40 11TH STREET - LONG ISLAND CITY, NY 11101212-924-6740

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$1195.6M

-5.4% from 2016

Total participants

4,647

-0.7% from 2016

Average account balance

$257,279

-4.7% from 2016

Annual return

-0.50%

-5.22 pp from 2016

Benchmarks

See 487 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort487 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.06B

Not enough data

1 years with asset history on file

Average account balance

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

$414K

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.

4,966

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

$96.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+11.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 7 by compensation

Provider	Service type	Compensation
SAGE ADVISORY SERVICES1+ years Service code 28 · EIN 74-2798841	Investment Management	$280,472
BRADY, MCGUIRE & STEINBERG, PC1+ years Service code 29 · EIN 13-4089943	Legal	$99,839
SCHULTHEIS & PANETTIERI, LLP1+ years Service code 10 · EIN 13-1577780	Accounting	$53,000
NEW ENGLAND PENSION CONSULTANTS1+ years Filed as: NEW ENGLAND PENSION CONSULTANT, LLC Service code 27 · EIN 26-1429809	Advisory (Plan)	$44,847
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS FIRST CLEARING Service code 27 · EIN 34-1542819	Advisory (Plan)	$27,024
CLARKE & SAMPSON, INC.1+ years Filed as: CLARKE & SAMPSON Service code 53 · EIN 54-0657005	Insurance Commissions	$11,650
THE BANK OF NEW YORK MELLON1+ years Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 13-5160382	Securities Custodian	$5,645

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.6M

$495 / participant

Investment mgmt$392K24.8%
Other / not subdivided$1M75.2%

% of EOY assets

0.132%

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, LLC
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$257,279

$75,760+239.6%

$123,105+109.0%

$59,188+334.7%

Participation rate

100.0%

86.0%+14.0pp

86.8%+13.2pp

69.4%+30.6pp

Annual return

-0.50%

2.93%-3.4pp

13.22%-13.7pp

5.51%-6.0pp

Employer contribution / active EE

$22,755

$3,415+566.2%

$5,151+341.8%

$2,098+984.6%

Participant deferral / active EE

$107

$5,000-97.9%

$6,229-98.3%

$3,265-96.7%

Admin fee / account holder

$340

$61+459.1%

$9,014-96.2%

$92+268.3%

Provider

Service type

Compensation

SAGE ADVISORY SERVICES1+ years

Service code 28 · EIN 74-2798841

Investment Management

$280,472

BRADY, MCGUIRE & STEINBERG, PC1+ years

Service code 29 · EIN 13-4089943

Legal

$99,839

SCHULTHEIS & PANETTIERI, LLP1+ years

Service code 10 · EIN 13-1577780

Accounting

$53,000

NEW ENGLAND PENSION CONSULTANTS1+ years

Filed as: NEW ENGLAND PENSION CONSULTANT, LLC

Service code 27 · EIN 26-1429809

Advisory (Plan)

$44,847

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO ADVISORS FIRST CLEARING

Service code 27 · EIN 34-1542819

Advisory (Plan)

$27,024

CLARKE & SAMPSON, INC.1+ years

Filed as: CLARKE & SAMPSON

Service code 53 · EIN 54-0657005

Insurance Commissions

$11,650

THE BANK OF NEW YORK MELLON1+ years

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 13-5160382

Securities Custodian

$5,645

ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANNUITY FUND IUOE LOCAL 15, 15A, 15C, 15D AFL-CIO

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