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 (2023) 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 2023

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2129.3M

-8.1% from 2017

Total participants

116,870

+16.5% from 2017

Average account balance

$21,808

-9.5% from 2017

Annual return

5.39%

+0.35 pp from 2017

Benchmarks

See 55 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort55 peers

Snapshot2023

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 COMPANY4 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$3,116,333
VITECH SYSTEMS GROUP4 years Filed as: VITECH SYSTEMS GROUP INC Service code 16 401 PARK AVE S · NEW YORK, NY 10016	Consulting	$208,223
H&H GRAPHIC PRINTING COMMUNICATIONS3 years Service code 36 · EIN 27-0771521	Direct payment from the plan; Copying...	$176,431
SCHULTHEIS & PANETTIERI, LLP2 years Filed as: SCHULTHEIS & PANETTIERI LLP Service code 10 · EIN 13-1577780	Accounting	$152,596
RAAB, STURM & GANCHROW, LLP2 years Filed as: RAAB STURM & GANCHROW LLP Service code 29 · EIN 13-1566077	Legal	$94,373
JPMORGAN INVEST HOLDINGS LLC1 year Filed as: JPMORGAN CHASE Service code 49 · EIN 13-2633612	Other Services	$79,425
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPTRUST FINANCIAL ADVISORS Service code 49 40 WALL ST · NEW YORK, NY 10005	Other Services	$73,333
WITHUMSMITH+BROWN, PC1 year Filed as: WITHUMSMITH+BROWN, P.C. Service code 10 · EIN 22-2027092	Accounting	$41,000
BREDHOFF & KAISER2 years Filed as: BREDHOFF & KAISER PLLC Service code 29 · EIN 52-0969534	Legal	$38,325
THE SEGAL COMPANY8+ years Service code 16 · EIN 13-2646110	Consulting	$36,832

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

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

$6.7M

$79 / participant

Investment mgmt$80K1.2%
Contract admin$3M46.7%
Other / not subdivided$3M52.1%

% of EOY assets

0.313%

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, PC
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,808

$36,954-41.0%

$80,669-73.0%

$96,393-77.4%

Participation rate

77.2%

33.6%+43.6pp

67.0%+10.1pp

71.3%+5.9pp

Annual return

5.39%

36.74%-31.3pp

937.61%-932.2pp

22.88%-17.5pp

Employer contribution / active EE

$658

$776-15.1%

$2,724-75.8%

$3,239-79.7%

Participant deferral / active EE

$1,122

$1,942-42.2%

$4,444-74.8%

$5,455-79.4%

Admin fee / account holder

$68

$115-40.5%

$5,384-98.7%

$74-7.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$3,116,333

VITECH SYSTEMS GROUP4 years

Filed as: VITECH SYSTEMS GROUP INC

Service code 16

401 PARK AVE S · NEW YORK, NY 10016

Consulting

$208,223

H&H GRAPHIC PRINTING COMMUNICATIONS3 years

Service code 36 · EIN 27-0771521

Direct payment from the plan; Copying...

$176,431

SCHULTHEIS & PANETTIERI, LLP2 years

Filed as: SCHULTHEIS & PANETTIERI LLP

Service code 10 · EIN 13-1577780

Accounting

$152,596

RAAB, STURM & GANCHROW, LLP2 years

Filed as: RAAB STURM & GANCHROW LLP

Service code 29 · EIN 13-1566077

Legal

$94,373

JPMORGAN INVEST HOLDINGS LLC1 year

Filed as: JPMORGAN CHASE

Service code 49 · EIN 13-2633612

Other Services

$79,425

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPTRUST FINANCIAL ADVISORS

Service code 49

40 WALL ST · NEW YORK, NY 10005

Other Services

$73,333

WITHUMSMITH+BROWN, PC1 year

Filed as: WITHUMSMITH+BROWN, P.C.

Service code 10 · EIN 22-2027092

Accounting

$41,000

BREDHOFF & KAISER2 years

Filed as: BREDHOFF & KAISER PLLC

Service code 29 · EIN 52-0969534

Legal

$38,325

THE SEGAL COMPANY8+ years

Service code 16 · EIN 13-2646110

Consulting

$36,832

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