Retirement plan

ANNUITY FUND OF LOCAL NO. ONE, I. A. T. S. E.

Name: BOARD OF TRUSTEES, ANNUITY FUND OF LOCAL ONE I.A.T.S.E. - ANNUITY FUND OF LOCAL NO. ONE, I. A. T. S. E. (2017) Form 5500
Creator: BOARD OF TRUSTEES, ANNUITY FUND OF LOCAL ONE I.A.T.S.E.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANNUITY FUND OF LOCAL NO. ONE, I. A. T. S. E., BOARD OF TRUSTEES, ANNUITY FUND OF LOCAL ONE I.A.T.S.E.

BOARD OF TRUSTEES, ANNUITY FUND OF LOCAL ONE I.A.T.S.E.EIN 13-3022965Plan #002PY 2017

320 WEST 46TH ST., 6TH FLOOR - NEW YORK, NY 10036212-247-5225

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$919.1M

-12.1% from 2017

Total participants

18,810

+2.2% from 2017

Average account balance

$98,751

-15.7% from 2017

Annual return

13.25%

-7.30 pp from 2017

Benchmarks

See 70 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort70 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.18B

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

11,366

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.

46.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$102

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 by compensation

Provider	Service type	Compensation
SPIVAK LIPTON LLP2+ years Service code 29 · EIN 13-3494495	Legal	$92,111
PROSKAUER ROSE LLP2+ years Service code 29 · EIN 13-1840454	Legal	$91,794
SCOTT COOL2+ years Service code 30 · EIN 13-6414973	Direct payment from the plan; Employe...	$72,261
GALLAGHER FIDUCIARY ADVISORS, LLC2+ years Filed as: GALLAGHER FIDUCIARY ADVISORS LLP Service code 27 · EIN 36-4291971	Advisory (Plan)	$62,240
SHIRLEY NELSON2+ years Service code 30 · EIN 13-6414973	Direct payment from the plan; Employe...	$35,820
MARIANN ZAPPALLA2+ years Filed as: MARIANN ZAPALLA Service code 30 · EIN 13-6414973	Employee (plan); Direct payment from ...	$35,200
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUMSMITH & BROWN Service code 10 · EIN 22-2027092	Accounting	$33,000
TINA TATUM2+ years Service code 30 · EIN 13-6414973	Employee (plan); Direct payment from ...	$27,729
SCHULTHEIS & PANETTIERI, LLP1 year Filed as: SCHULTHEIS & PANETTIERI LLP Service code 16 210 MARCUS BLVD · HAUPPAUGE, NY 11788	Consulting	$20,999
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$6,285

Plan features & details

Pension benefit codes2E2J2F2G2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$831K

$45 / participant

Investment mgmt$70K8.5%
Other / not subdivided$761K91.5%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WITHUMSMITH AND BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,751

$80,506+22.7%

$136,298-27.5%

$80,976+21.9%

Participation rate

48.6%

61.9%-13.3pp

81.9%-33.3pp

68.3%-19.7pp

Annual return

13.25%

27.70%-14.5pp

5156.27%-5143.0pp

22.91%-9.7pp

Employer contribution / active EE

$2,089

$1,943+7.5%

$4,696-55.5%

$2,402-13.1%

Participant deferral / active EE

$15

$4,601-99.7%

$6,247-99.8%

$3,848-99.6%

Admin fee / account holder

$89

$72+24.3%

$9,244-99.0%

$67+32.4%

Provider

Service type

Compensation

SPIVAK LIPTON LLP2+ years

Service code 29 · EIN 13-3494495

Legal

$92,111

PROSKAUER ROSE LLP2+ years

Service code 29 · EIN 13-1840454

Legal

$91,794

SCOTT COOL2+ years

Service code 30 · EIN 13-6414973

Direct payment from the plan; Employe...

$72,261

GALLAGHER FIDUCIARY ADVISORS, LLC2+ years

Filed as: GALLAGHER FIDUCIARY ADVISORS LLP

Service code 27 · EIN 36-4291971

Advisory (Plan)

$62,240

SHIRLEY NELSON2+ years

Service code 30 · EIN 13-6414973

Direct payment from the plan; Employe...

$35,820

MARIANN ZAPPALLA2+ years

Filed as: MARIANN ZAPALLA

Service code 30 · EIN 13-6414973

Employee (plan); Direct payment from ...

$35,200

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUMSMITH & BROWN

Service code 10 · EIN 22-2027092

Accounting

$33,000

TINA TATUM2+ years

Service code 30 · EIN 13-6414973

Employee (plan); Direct payment from ...

$27,729

SCHULTHEIS & PANETTIERI, LLP1 year

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 16

210 MARCUS BLVD · HAUPPAUGE, NY 11788

Consulting

$20,999

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$6,285

ANNUITY FUND OF LOCAL NO. ONE, I. A. T. S. E.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANNUITY FUND OF LOCAL NO. ONE, 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