Retirement plan

I.U.O.E. ANNUITY FUND LOCAL 137,137A,137B,137C, AND 137R

Name: BOARD OF TRUSTEES I.U.O.E. ANNUITY LOCAL 137 137A 137B 137C 137R - I.U.O.E. ANNUITY FUND LOCAL 137,137A,137B,137C, AND 137R (2017) Form 5500
Creator: BOARD OF TRUSTEES I.U.O.E. ANNUITY LOCAL 137 137A 137B 137C 137R
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, I.U.O.E. ANNUITY FUND LOCAL 137,137A,137B,137C, AND 137R, BOARD OF TRUSTEES I.U.O.E. ANNUITY LOCAL 137 137A 137B 137C 137R

BOARD OF TRUSTEES I.U.O.E. ANNUITY LOCAL 137 137A 137B 137C 137REIN 13-3204596Plan #001PY 2017

1360 PLEASANTVILLE ROAD - BRIARCLIFF MANOR, NY 10510914-762-1268

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$205.4M

+7.7% from 2016

Total participants

1,455

+2.2% from 2016

Average account balance

$141,197

+5.3% from 2016

Annual return

7.13%

+1.32 pp from 2016

Benchmarks

See 1,453 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,453 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$253.33M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

1,556

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

$8.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+10.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$790

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
PINNACLE ASSOCIATES LTD3+ years Service code 28 · EIN 13-3220717	Investment Management	$317,947
SCHULTHEIS & PANETTIERI, LLP3+ years Service code 10 · EIN 13-1577780	Accounting	$136,260
THE BANK OF NEW YORK MELLON3+ years Filed as: BANK OF NEW YORK MELLON Service code 19 · EIN 13-5160382	Securities Custodian	$115,806
CUTWATER ASSET MANAGEMENT1 year Filed as: CUTWATER INVESTOR SERVICES Service code 28 · EIN 13-3594521	Investment Management	$35,383
ROBERT CHEVERIE3+ years Filed as: ROBERT M. CHEVERIE & ASSOC., P.C. Service code 29 · EIN 06-1335139	Legal	$25,140
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$16,750
BASIL CASTROVINCI ASSOCIATES INC1 year Filed as: BASIL CASTROVINCI ASSOC. INC. Service code 11 · EIN 13-2831500	Actuarial	$8,956
BARNES, IACCARINO & SHEPHERD LLP3+ years Filed as: BARNES IACCARINO & SHEPHERD, LLP Service code 29 · EIN 26-3858697	Legal	$8,259
THE BANK OF NEW YORK MELLON1 year Filed as: MELLON CAPITAL MANAGEMENT CORP. Service code 28 · EIN 25-6078093	Investment Management	$6,827
CLARKE & SAMPSON, INC.2 years Service code 22 · EIN 54-0657005	Insurance Broker	$5,641

Plan features & details

Pension benefit codes2E

Plan features

2E
Profit-sharing
Profit-sharing 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

$1581 / participant

Investment mgmt$493K37.3%
Other / not subdivided$829K62.7%

% of EOY assets

0.644%

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

$141,197

$81,537+73.2%

$149,721-5.7%

$69,631+102.8%

Participation rate

100.0%

86.1%+13.9pp

87.1%+12.9pp

70.7%+29.3pp

Annual return

7.13%

22.79%-15.7pp

1501.67%-1494.5pp

27571.02%-27563.9pp

Employer contribution / active EE

$11,083

$3,239+242.2%

$5,444+103.6%

$2,032+445.4%

Participant deferral / active EE

$4,994-100.0%

$6,568-100.0%

$3,224-100.0%

Admin fee / account holder

$909

$107+750.2%

$11,282-91.9%

$110+722.8%

Provider

Service type

Compensation

PINNACLE ASSOCIATES LTD3+ years

Service code 28 · EIN 13-3220717

Investment Management

$317,947

SCHULTHEIS & PANETTIERI, LLP3+ years

Service code 10 · EIN 13-1577780

Accounting

$136,260

THE BANK OF NEW YORK MELLON3+ years

Filed as: BANK OF NEW YORK MELLON

Service code 19 · EIN 13-5160382

Securities Custodian

$115,806

CUTWATER ASSET MANAGEMENT1 year

Filed as: CUTWATER INVESTOR SERVICES

Service code 28 · EIN 13-3594521

Investment Management

$35,383

ROBERT CHEVERIE3+ years

Filed as: ROBERT M. CHEVERIE & ASSOC., P.C.

Service code 29 · EIN 06-1335139

Legal

$25,140

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$16,750

BASIL CASTROVINCI ASSOCIATES INC1 year

Filed as: BASIL CASTROVINCI ASSOC. INC.

Service code 11 · EIN 13-2831500

Actuarial

$8,956

BARNES, IACCARINO & SHEPHERD LLP3+ years

Filed as: BARNES IACCARINO & SHEPHERD, LLP

Service code 29 · EIN 26-3858697

Legal

$8,259

THE BANK OF NEW YORK MELLON1 year

Filed as: MELLON CAPITAL MANAGEMENT CORP.

Service code 28 · EIN 25-6078093

Investment Management

$6,827

CLARKE & SAMPSON, INC.2 years

Service code 22 · EIN 54-0657005

Insurance Broker

$5,641

I.U.O.E. ANNUITY FUND LOCAL 137,137A,137B,137C, AND 137R

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

I.U.O.E. ANNUITY FUND LOCAL 137,137A,137B,137C, AND 137R

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