Retirement plan

BUILDING SERVICE 32BJ SUPPLEMENTAL RETIREMENT SAVINGS PLAN

Name: BOARD OF TRUSTEES OF THE BUILDING SERVICE 32BJ SUPPLEMENTAL - BUILDING SERVICE 32BJ SUPPLEMENTAL RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: BOARD OF TRUSTEES OF THE BUILDING SERVICE 32BJ SUPPLEMENTAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BUILDING SERVICE 32BJ SUPPLEMENTAL RETIREMENT SAVINGS PLAN, BOARD OF TRUSTEES OF THE BUILDING SERVICE 32BJ SUPPLEMENTAL

BOARD OF TRUSTEES OF THE BUILDING SERVICE 32BJ SUPPLEMENTALEIN 13-3507075Plan #001PY 2016

25 WEST 18TH STREET - NEW YORK, NY 10011212-539-2778

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$1338.8M

-8.1% from 2017

Total participants

112,345

+16.5% from 2017

Average account balance

$14,875

-9.5% from 2017

Annual return

6.91%

+0.35 pp from 2017

Benchmarks

See 34 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort34 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.56B

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

101,244

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.

76.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$176.93M

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

+10.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 10 of 27 by compensation

Provider	Service type	Compensation
MERCER1+ years Filed as: MERCER HR SERVICES Service code 15 · EIN 20-1932099	Recordkeeping	$2,410,604
VITECH SYSTEMS GROUP1+ years Service code 16 · EIN 13-3785492	Consulting	$183,113
PORTFOLIO EVALUATIONS, INC.1+ years Filed as: PORTFOLIO EVALUATIONS Service code 26 · EIN 22-3189064	Advisory (Participants)	$116,667
SCHULTHEIS & PANETTIERI, LLP1+ years Service code 10 · EIN 13-1577780	Accounting	$106,087
RAAB, STURM & GANCHROW, LLP1+ years Service code 29 · EIN 13-1566077	Legal	$98,318
H&H GRAPHIC PRINTING COMMUNICATIONS1+ years Filed as: H & H GRAPHIC PRINTING COMMUNICATIO Service code 36 · EIN 06-1648637	Copying and duplicating; Direct payme...	$88,279
PROSKAUER ROSE LLP1+ years Service code 29 · EIN 13-1840454	Legal	$76,429
JPMORGAN INVEST HOLDINGS LLC1+ years Filed as: JPMORGAN CHASE BANK, N. A. Service code 50 · EIN 13-2633612	Direct Payment	$64,901
MERCER1+ years Filed as: MERCER HR SERVICES, LLC Service code 15	Recordkeeping	$53,713
BOND BROTHERS1+ years Filed as: BOND BEEBE Service code 10 · EIN 52-1044197	Accounting	$42,059

Plan features & details

Pension benefit codes2E2F2G2J2K2R

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$5.2M

$57 / participant

Investment mgmt$80K1.5%
Contract admin$2M46.1%
Other / not subdivided$3M52.3%

% of EOY assets

0.390%

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: BOND BEEBE, P.C.
Auditor EIN: 521044197
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,875

$26,033-42.9%

$74,577-80.1%

$329,111-95.5%

Participation rate

75.6%

26.0%+49.6pp

68.1%+7.5pp

67.9%+7.7pp

Annual return

6.91%

33.64%-26.7pp

20.47%-13.6pp

16.35%-9.4pp

Employer contribution / active EE

$518

$317+63.1%

$2,525-79.5%

$2,303-77.5%

Participant deferral / active EE

$554

$825-32.9%

$3,458-84.0%

$3,682-85.0%

Admin fee / account holder

$58

$62-7.0%

$4,138-98.6%

$754-92.3%

Provider

Service type

Compensation

MERCER1+ years

Filed as: MERCER HR SERVICES

Service code 15 · EIN 20-1932099

Recordkeeping

$2,410,604

VITECH SYSTEMS GROUP1+ years

Service code 16 · EIN 13-3785492

Consulting

$183,113

PORTFOLIO EVALUATIONS, INC.1+ years

Filed as: PORTFOLIO EVALUATIONS

Service code 26 · EIN 22-3189064

Advisory (Participants)

$116,667

SCHULTHEIS & PANETTIERI, LLP1+ years

Service code 10 · EIN 13-1577780

Accounting

$106,087

RAAB, STURM & GANCHROW, LLP1+ years

Service code 29 · EIN 13-1566077

Legal

$98,318

H&H GRAPHIC PRINTING COMMUNICATIONS1+ years

Filed as: H & H GRAPHIC PRINTING COMMUNICATIO

Service code 36 · EIN 06-1648637

Copying and duplicating; Direct payme...

$88,279

PROSKAUER ROSE LLP1+ years

Service code 29 · EIN 13-1840454

Legal

$76,429

JPMORGAN INVEST HOLDINGS LLC1+ years

Filed as: JPMORGAN CHASE BANK, N. A.

Service code 50 · EIN 13-2633612

Direct Payment

$64,901

MERCER1+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15

Recordkeeping

$53,713

BOND BROTHERS1+ years

Filed as: BOND BEEBE

Service code 10 · EIN 52-1044197

Accounting

$42,059

BUILDING SERVICE 32BJ SUPPLEMENTAL RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BUILDING SERVICE 32BJ SUPPLEMENTAL RETIREMENT SAVINGS PLAN

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