Retirement plan

NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND

Name: NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND - NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND (2020) Form 5500
Creator: NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND, NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND

NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUNDEIN 13-3207195Plan #002PY 2020

100 MERRICK ROAD, SUITE 500 WEST - ROCKVILLE CENTRE, NY 11570516-775-2280

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$171.9M

+9.6% from 2019

Total participants

3,106

+33.0% from 2019

Average account balance

$55,335

-17.6% from 2019

Annual return

14.26%

-9.29 pp from 2019

Benchmarks

See 526 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort526 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$199.25M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

1,848

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

$9.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$885

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 9 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY5 years Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS Service code 15 · EIN 01-0233346 690 CANTON STREET · WESTWOOD, MA 02090	Recordkeeping	$719,532
BOYD WATTERSON ASSET MANAGEMENT5 years Service code 27 · EIN 34-1922005 1801 EAST 9TH ST STE 1400 · CLEVLAND, OH 44114	Advisory (Plan)	$241,681
FITZSIMMONS ABRAMS, LLP4 years Filed as: FITZSIMMONS ABRAMS LLP Service code 10 · EIN 13-2858927 7600 JERICHO TPKE STE 210 · WOODBURY, NY 11797	Accounting	$104,974
PROSKAUER ROSE LLP5 years Service code 29 · EIN 13-1840454 11 TIMES SQUARE · NEW YORK, NY 10036	Legal	$104,648
REYNOLDS CONSULTING SERVICES4 years Filed as: REYNOLDS CONSULTING SERVICES LLC Service code 27 · EIN 20-1899564 25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801	Advisory (Plan)	$42,750
AMERICAN FUNDS3 years Filed as: CRESCENT CAPITAL HIGH INCOME FUND B Service code 28 · EIN 45-5287411 11100 SANTA MONICA BLVD · LOS ANGELES, CA 90025	Investment Management	$42,027
LISA PARISI6+ years Service code 30 · EIN 13-3207195 100 MERRICK RD, STE 500 W · ROCKVILLE CENTRE, NY 11570	Employee (plan)	$36,389
JBM COMPUTER CONSULTANTS3 years Filed as: JBM COMPUTER CONSULTANTS, INC Service code 15 · EIN 16-1173118 20 N AMERICA DRIVE · WEST SENECA, NY 14224	Recordkeeping	$23,486
THE SEGAL COMPANY1 year Filed as: SEGAL SELECT INSURANCE COMPANY Service code 53 · EIN 46-0619194 333 WEST 34TH STREET · NEW YORK, NY 10001	Insurance Commissions	$0

Plan features & details

Pension benefit codes2A2H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$573 / participant

Investment mgmt$756K56.5%
Contract admin$178K13.3%
Other / not subdivided$404K30.2%

% of EOY assets

0.779%

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: FITZSIMMONS ABRAMS, LLP
Auditor EIN: 132858927
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,335

$110,699-50.0%

$177,848-68.9%

$90,274-38.7%

Participation rate

100.0%

88.3%+11.7pp

87.7%+12.3pp

73.4%+26.6pp

Annual return

14.26%

22.79%-8.5pp

48.33%-34.1pp

53.97%-39.7pp

Employer contribution / active EE

$4,232

$4,118+2.8%

$5,919-28.5%

$2,523+67.7%

Participant deferral / active EE

$6,731-100.0%

$7,714-100.0%

$4,231-100.0%

Admin fee / account holder

$431

$90+378.6%

$12,431-96.5%

$114+277.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY5 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SVCS

Service code 15 · EIN 01-0233346

690 CANTON STREET · WESTWOOD, MA 02090

Recordkeeping

$719,532

BOYD WATTERSON ASSET MANAGEMENT5 years

Service code 27 · EIN 34-1922005

1801 EAST 9TH ST STE 1400 · CLEVLAND, OH 44114

Advisory (Plan)

$241,681

FITZSIMMONS ABRAMS, LLP4 years

Filed as: FITZSIMMONS ABRAMS LLP

Service code 10 · EIN 13-2858927

7600 JERICHO TPKE STE 210 · WOODBURY, NY 11797

Accounting

$104,974

PROSKAUER ROSE LLP5 years

Service code 29 · EIN 13-1840454

11 TIMES SQUARE · NEW YORK, NY 10036

Legal

$104,648

REYNOLDS CONSULTING SERVICES4 years

Filed as: REYNOLDS CONSULTING SERVICES LLC

Service code 27 · EIN 20-1899564

25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801

Advisory (Plan)

$42,750

AMERICAN FUNDS3 years

Filed as: CRESCENT CAPITAL HIGH INCOME FUND B

Service code 28 · EIN 45-5287411

11100 SANTA MONICA BLVD · LOS ANGELES, CA 90025

Investment Management

$42,027

LISA PARISI6+ years

Service code 30 · EIN 13-3207195

100 MERRICK RD, STE 500 W · ROCKVILLE CENTRE, NY 11570

Employee (plan)

$36,389

JBM COMPUTER CONSULTANTS3 years

Filed as: JBM COMPUTER CONSULTANTS, INC

Service code 15 · EIN 16-1173118

20 N AMERICA DRIVE · WEST SENECA, NY 14224

Recordkeeping

$23,486

THE SEGAL COMPANY1 year

Filed as: SEGAL SELECT INSURANCE COMPANY

Service code 53 · EIN 46-0619194

333 WEST 34TH STREET · NEW YORK, NY 10001

Insurance Commissions

NORTHEAST DISTRICT COUNCIL OF THE OPCMIA ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST DISTRICT COUNCIL OF THE OPCMIA 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