Retirement plan

NYSA-ILA MONEY PURCHASE PENSION FUND AND PLAN

Name: BOARD OF TRUSTEES - NYSA-ILA MONEY PURCHASE PENSION FUND AND PLAN (2021) Form 5500
Creator: BOARD OF TRUSTEES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NYSA-ILA MONEY PURCHASE PENSION FUND AND PLAN, BOARD OF TRUSTEES

BOARD OF TRUSTEESdba NYSA-ILA MONEY PURCH PENS FD & PLANEIN 13-3769078Plan #004PY 2021

10 EXCHANGE PLACE - JERSEY CITY, NJ 07302201-479-3360

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$715.5M

-7.7% from 2016

Total participants

4,621

-0.8% from 2016

Average account balance

-7.0% from 2016

Annual return

10.39%

-3.83 pp from 2016

Benchmarks

See 238 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort238 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$936.18M

Not enough data

1 years with asset history on file

Average account balance

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

$202K

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.

4,643

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$222

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 7 by compensation

Provider	Service type	Compensation
NYSA-ILA PENSION TRUST FD6 years Service code 49 · EIN 13-5652028 10 EXCHANGE PLACE · JERSEY CITY, NJ 07302	Other Services	$314,470
REYNOLDS CONSULTING SERVICES7+ years Filed as: REYNOLDS CONSULTING SVCS, LLC Service code 17 · EIN 20-1899564 25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801	Pension Consulting	$82,350
MARRINAN & MAZZOLA MARDON P.C.7+ years Service code 29 · EIN 13-3303633 26 BROADWAY · NEW YORK, NY 10004	Legal	$28,648
THE LAMBOS FIRM, LLP7+ years Service code 29 · EIN 13-3864093 300 SOUTH BROADWAY · TARRYTOWN, NY 10591	Legal	$20,110
ROLLS OFFSET FINANCIAL PRINTING,LLC1 year Filed as: ROLLS OFFSET FINANCIAL PRINTING LLC Service code 36 · EIN 27-3554928 264 CASTLE TERRACE · LYNDHURST, NJ 07071	Copying and duplicating	$17,784
DESENA & CO, CPAS, LLC7+ years Service code 10 · EIN 20-0609534 100 EAGLE ROCK AVENUE · EAST HANOVER, NJ 07936	Accounting	$6,774
PRUDENTIAL RETIREMENT INSURANCE AND2 years Filed as: PRUDENTIAL RET. INS. & ANNUITY CO. Service code 60 · EIN 06-1050034 280 TRUMBULL STREET · HARTFORD, CT 06103	Sub-TA Fees	$6,417

Plan features & details

Pension benefit codes2C2F2G2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$482K

$113 / participant

Investment mgmt$82K17.1%
Contract admin$6K1.3%
Other / not subdivided$393K81.6%

% of EOY assets

0.067%

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: DESENA & COMPANY CPAS, LLC
Auditor EIN: 200609534
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,339-100.0%

$85,708-100.0%

$93,010-100.0%

Participation rate

0.0%

72.5%-72.5pp

69.9%-69.9pp

73.9%-73.9pp

Annual return

10.39%

21.17%-10.8pp

21.49%-11.1pp

158.70%-148.3pp

Employer contribution / active EE

$13,774

$2,560+438.0%

$2,618+426.1%

$2,705+409.1%

Participant deferral / active EE

$3,882-100.0%

$3,922-100.0%

$4,561-100.0%

Admin fee / account holder

$104-100.0%

$6,876-100.0%

$152-100.0%

Provider

Service type

Compensation

NYSA-ILA PENSION TRUST FD6 years

Service code 49 · EIN 13-5652028

10 EXCHANGE PLACE · JERSEY CITY, NJ 07302

Other Services

$314,470

REYNOLDS CONSULTING SERVICES7+ years

Filed as: REYNOLDS CONSULTING SVCS, LLC

Service code 17 · EIN 20-1899564

25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801

Pension Consulting

$82,350

MARRINAN & MAZZOLA MARDON P.C.7+ years

Service code 29 · EIN 13-3303633

26 BROADWAY · NEW YORK, NY 10004

Legal

$28,648

THE LAMBOS FIRM, LLP7+ years

Service code 29 · EIN 13-3864093

300 SOUTH BROADWAY · TARRYTOWN, NY 10591

Legal

$20,110

ROLLS OFFSET FINANCIAL PRINTING,LLC1 year

Filed as: ROLLS OFFSET FINANCIAL PRINTING LLC

Service code 36 · EIN 27-3554928

264 CASTLE TERRACE · LYNDHURST, NJ 07071

Copying and duplicating

$17,784

DESENA & CO, CPAS, LLC7+ years

Service code 10 · EIN 20-0609534

100 EAGLE ROCK AVENUE · EAST HANOVER, NJ 07936

Accounting

$6,774

PRUDENTIAL RETIREMENT INSURANCE AND2 years

Filed as: PRUDENTIAL RET. INS. & ANNUITY CO.

Service code 60 · EIN 06-1050034

280 TRUMBULL STREET · HARTFORD, CT 06103

Sub-TA Fees

$6,417

NYSA-ILA MONEY PURCHASE PENSION FUND AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NYSA-ILA MONEY PURCHASE PENSION FUND AND 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