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 (2024) 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 2024

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

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$2348M

-8.1% from 2017

Total participants

123,030

+16.5% from 2017

Average account balance

$23,644

-9.5% from 2017

Annual return

9.21%

+0.35 pp from 2017

Benchmarks

See 56 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants>=10,000

Cohort56 peers

Snapshot2024

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 29 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Service code 15 · EIN 01-0233346	Recordkeeping	$3,180,947
H&H GRAPHIC PRINTING COMMUNICATIONS4 years Service code 36 · EIN 27-0771521	Copying and duplicating; Direct payme...	$200,916
SCHULTHEIS & PANETTIERI, LLP9+ years Service code 10 · EIN 13-1577780	Accounting	$171,231
VITECH SYSTEMS GROUP5 years Filed as: VITECH SYSTEMS GROUP INC Service code 16 · EIN 13-3785492	Consulting	$128,225
CAPFINANCIAL PARTNERS LLC2 years Filed as: CAPTRUST FINANCIAL ADVISORS Service code 26 40 WALL ST · NEW YORK, NY 10005	Advisory (Participants)	$80,000
RAAB, STURM & GANCHROW, LLP9+ years Service code 29 · EIN 13-1566077	Legal	$71,767
POSTMASTER GENERAL1 year Filed as: POSTMASTER Service code 49 421 8TH AVENUE · NEW YORK, NY 101999998	Other Services	$70,639
JPMORGAN INVEST HOLDINGS LLC2 years Filed as: JPMORGAN CHASE Service code 18 · EIN 13-2633612	Direct payment from the plan; Custodi...	$68,007
PROSKAUER ROSE LLP9+ years Service code 29 · EIN 13-1840454	Legal	$59,459
MICROSOFT CORPORATION1 year Service code 15 · EIN 91-1144442	Recordkeeping	$53,690

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

$7.2M

$81 / participant

Recordkeeping$171K2.4%
Trustee / custodial$73K1.0%
Investment mgmt$80K1.1%
Legal$184K2.6%
Salaries / allowances$2M30.7%
Other trustee fees$1K0.0%
Contract admin$3M44.2%
Other / not subdivided$1M18.0%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

7 / 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, P.C.
Auditor EIN: 222027092
Audit fees: $43,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,644

$42,127-43.9%

$85,240-72.3%

$106,553-77.8%

Participation rate

73.4%

36.6%+36.8pp

67.5%+5.9pp

69.8%+3.6pp

Annual return

9.21%

36.21%-27.0pp

66.75%-57.5pp

17.37%-8.2pp

Employer contribution / active EE

$683

$825-17.2%

$2,735-75.0%

$3,359-79.7%

Participant deferral / active EE

$1,090

$2,066-47.2%

$4,527-75.9%

$5,562-80.4%

Admin fee / account holder

$72

$114-36.2%

$6,165-98.8%

$80-9.1%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Service code 15 · EIN 01-0233346

Recordkeeping

$3,180,947

H&H GRAPHIC PRINTING COMMUNICATIONS4 years

Service code 36 · EIN 27-0771521

Copying and duplicating; Direct payme...

$200,916

SCHULTHEIS & PANETTIERI, LLP9+ years

Service code 10 · EIN 13-1577780

Accounting

$171,231

VITECH SYSTEMS GROUP5 years

Filed as: VITECH SYSTEMS GROUP INC

Service code 16 · EIN 13-3785492

Consulting

$128,225

CAPFINANCIAL PARTNERS LLC2 years

Filed as: CAPTRUST FINANCIAL ADVISORS

Service code 26

40 WALL ST · NEW YORK, NY 10005

Advisory (Participants)

$80,000

RAAB, STURM & GANCHROW, LLP9+ years

Service code 29 · EIN 13-1566077

Legal

$71,767

POSTMASTER GENERAL1 year

Filed as: POSTMASTER

Service code 49

421 8TH AVENUE · NEW YORK, NY 101999998

Other Services

$70,639

JPMORGAN INVEST HOLDINGS LLC2 years

Filed as: JPMORGAN CHASE

Service code 18 · EIN 13-2633612

Direct payment from the plan; Custodi...

$68,007

PROSKAUER ROSE LLP9+ years

Service code 29 · EIN 13-1840454

Legal

$59,459

MICROSOFT CORPORATION1 year

Service code 15 · EIN 91-1144442

Recordkeeping

$53,690

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