Retirement plan

GRAPHIC COMMUNICATIONS INT'L UNION LOCAL 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUND

Name: BOARD OF TRUSTEES GRAPHICS COMM. INT'L UNION - GRAPHIC COMMUNICATIONS INT'L UNION LOCAL 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUND (2016) Form 5500
Creator: BOARD OF TRUSTEES GRAPHICS COMM. INT'L UNION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAPHIC COMMUNICATIONS INT'L UNION LOCAL 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUND, BOARD OF TRUSTEES GRAPHICS COMM. INT'L UNION

BOARD OF TRUSTEES GRAPHICS COMM. INT'L UNIONdba LOC. 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUNDEIN 13-3118556Plan #001PY 2016

27 UNION SQUARE - NEW YORK, NY 10003212-989-0510

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$12.2M

-1.9% from 2015

Total participants

319

-31.0% from 2015

Average account balance

$38,128

+35.4% from 2015

Annual return

1.18%

+11.33 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.55M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

213

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

$675K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+1.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$412

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 7 by compensation

Provider	Service type	Compensation
STACEY BRAUN ASSOCIATES, INC.2+ years Filed as: STACEY BRAUN Service code 28 · EIN 13-2889432	Investment Management	$31,847
BENSERCO1 year Filed as: BENSERCO IN. Service code 13 · EIN 13-2732561	Contract Administrator	$30,628
MEYER, SUOZZI, ENGLISH & KLEIN, PC2+ years Filed as: MEYER, SUOZZI, ENGLISH & KLEIN PC Service code 29 · EIN 11-2340639	Legal	$29,475
GOULD, KOBRICK & SCHLAPP, P.C.2+ years Filed as: GOULD KOBRICK & SCHLAPP PC Service code 10 · EIN 13-3082707	Accounting	$19,000
MEYER, UNKOVIC & SCOTT1 year Filed as: MEYER, SUOZZI, ENGLISH & KLEIN PC 1 Service code 99	Other Fees	$14,184
SAVASTA AND COMPANY, INC.2+ years Filed as: SAVASTA & COMPANY Service code 11 · EIN 13-3879959	Actuarial	$7,164
AMALGAMATED BANK2+ years Filed as: AMALGAMATED BANK OF NEW YORK Service code 19 · EIN 13-4920330	Securities Custodian	$6,175

Plan features & details

Pension benefit codes2B

Plan features

2B
Target benefit plan
Defined contribution plan whose contribution formula is designed to fund a targeted benefit at retirement.

Opportunity flags

3 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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$137K

$1069 / participant

Investment mgmt$38K27.8%
Contract admin$31K22.4%
Other / not subdivided$68K49.8%

% of EOY assets

1.125%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GOULD, KOBRICK & SCHLAPP, P.C.
Auditor EIN: 133082707
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,128

$74,089-48.5%

$133,975-71.5%

$55,167-30.9%

Participation rate

100.0%

84.3%+15.7pp

87.1%+12.9pp

69.0%+31.0pp

Annual return

1.18%

12.11%-10.9pp

29.29%-28.1pp

169.23%-168.1pp

Employer contribution / active EE

$4,736

$3,064+54.6%

$5,211-9.1%

$1,963+141.3%

Participant deferral / active EE

$4,678-100.0%

$6,282-100.0%

$3,054-100.0%

Admin fee / account holder

$429

$458-6.4%

$9,324-95.4%

$504-14.9%

Provider

Service type

Compensation

STACEY BRAUN ASSOCIATES, INC.2+ years

Filed as: STACEY BRAUN

Service code 28 · EIN 13-2889432

Investment Management

$31,847

BENSERCO1 year

Filed as: BENSERCO IN.

Service code 13 · EIN 13-2732561

Contract Administrator

$30,628

MEYER, SUOZZI, ENGLISH & KLEIN, PC2+ years

Filed as: MEYER, SUOZZI, ENGLISH & KLEIN PC

Service code 29 · EIN 11-2340639

Legal

$29,475

GOULD, KOBRICK & SCHLAPP, P.C.2+ years

Filed as: GOULD KOBRICK & SCHLAPP PC

Service code 10 · EIN 13-3082707

Accounting

$19,000

MEYER, UNKOVIC & SCOTT1 year

Filed as: MEYER, SUOZZI, ENGLISH & KLEIN PC 1

Service code 99

Other Fees

$14,184

SAVASTA AND COMPANY, INC.2+ years

Filed as: SAVASTA & COMPANY

Service code 11 · EIN 13-3879959

Actuarial

$7,164

AMALGAMATED BANK2+ years

Filed as: AMALGAMATED BANK OF NEW YORK

Service code 19 · EIN 13-4920330

Securities Custodian

$6,175

GRAPHIC COMMUNICATIONS INT'L UNION LOCAL 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAPHIC COMMUNICATIONS INT'L UNION LOCAL 119B-43B NEW YORK PRINTERS LEAGUE ANNUITY FUND

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