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 (2022) 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 2022

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

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2001.9M

-8.1% from 2017

Total participants

109,595

+16.5% from 2017

Average account balance

$20,850

-9.5% from 2017

Annual return

-9.62%

+0.35 pp from 2017

Benchmarks

See 48 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort48 peers

Snapshot2022

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

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Service providers

Top 10 of 23 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 200 BERKELEY STREET · BOSTON, MA 02116	Recordkeeping	$3,098,292
H&H GRAPHIC PRINTING COMMUNICATIONS2 years Service code 36 · EIN 06-1648637	Copying and duplicating; Direct payme...	$189,321
SCHULTHEIS & PANETTIERI, LLP1 year Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$129,952
JPMORGAN INVEST HOLDINGS LLC2 years Filed as: JPMORGAN Service code 50 · EIN 13-2633612	Direct Payment	$102,610
PORTFOLIO EVALUATIONS, INC.3 years Filed as: PORTFOLIO EVALUATION INC Service code 26 · EIN 22-3189064	Advisory (Participants)	$80,000
RAAB, STURM & GANCHROW, LLP1 year Filed as: RAAB STURM & GANCHROW LLP Service code 29 · EIN 13-1566077	Legal	$65,779
EXL SERVICE HOLDINGS INC.1 year Service code 16 320 PARK AVENUE · NEW YORK, NY 10022	Consulting	$65,263
MARGARET SHRIVER1 year Filed as: MARGARET EMANUELE NAPIER Service code 30 · EIN 13-2928869	Employee (plan); Direct payment from ...	$52,447
WITHUMSMITH+BROWN, PC1 year Service code 10 · EIN 22-2027092	Accounting	$40,000
BREDHOFF & KAISER1 year Filed as: BREDHOFF & KAISER PLLC Service code 29 · EIN 52-0969534	Legal	$37,365

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
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

1 tripped

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

$6.7M

$84 / participant

Investment mgmt$80K1.2%
Contract admin$3M46.2%
Other / not subdivided$4M52.6%

% of EOY assets

0.335%

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: WITHUMSMITH+BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,850

$35,293-40.9%

$77,113-73.0%

$89,433-76.7%

Participation rate

83.1%

31.3%+51.7pp

67.9%+15.2pp

71.3%+11.8pp

Annual return

-9.62%

-5.92%-3.7pp

42.37%-52.0pp

-11.88%+2.3pp

Employer contribution / active EE

$687

$695-1.2%

$2,815-75.6%

$3,021-77.3%

Participant deferral / active EE

$1,143

$1,764-35.2%

$4,430-74.2%

$5,125-77.7%

Admin fee / account holder

$70

$105-33.5%

$5,445-98.7%

$79-12.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15

200 BERKELEY STREET · BOSTON, MA 02116

Recordkeeping

$3,098,292

H&H GRAPHIC PRINTING COMMUNICATIONS2 years

Service code 36 · EIN 06-1648637

Copying and duplicating; Direct payme...

$189,321

SCHULTHEIS & PANETTIERI, LLP1 year

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$129,952

JPMORGAN INVEST HOLDINGS LLC2 years

Filed as: JPMORGAN

Service code 50 · EIN 13-2633612

Direct Payment

$102,610

PORTFOLIO EVALUATIONS, INC.3 years

Filed as: PORTFOLIO EVALUATION INC

Service code 26 · EIN 22-3189064

Advisory (Participants)

$80,000

RAAB, STURM & GANCHROW, LLP1 year

Filed as: RAAB STURM & GANCHROW LLP

Service code 29 · EIN 13-1566077

Legal

$65,779

EXL SERVICE HOLDINGS INC.1 year

Service code 16

320 PARK AVENUE · NEW YORK, NY 10022

Consulting

$65,263

MARGARET SHRIVER1 year

Filed as: MARGARET EMANUELE NAPIER

Service code 30 · EIN 13-2928869

Employee (plan); Direct payment from ...

$52,447

WITHUMSMITH+BROWN, PC1 year

Service code 10 · EIN 22-2027092

Accounting

$40,000

BREDHOFF & KAISER1 year

Filed as: BREDHOFF & KAISER PLLC

Service code 29 · EIN 52-0969534

Legal

$37,365

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