Retirement plan

NYSA-ILA MONEY PURCHASE PENSION FUND AND PLAN

Name: BOARD OF TRUSTEES - NYSA-ILA MONEY PURCHASE PENSION FUND AND PLAN (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$787.2M

+19.5% from 2022

Total participants

5,095

+0.7% from 2022

Average account balance

$154,497

+18.7% from 2022

Annual return

13.66%

+26.86 pp from 2022

Benchmarks

See 268 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants1,000-4,999

Cohort268 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
NYSA-ILA PENSION TRUST FD8 years Service code 49 · EIN 13-5652028 10 EXCHANGE PLACE · JERSEY CITY, NJ 07302	Other Services	$701,032
REYNOLDS CONSULTING SERVICES9+ years Filed as: REYNOLDS CONSULTING SVCS, LLC Service code 17 · EIN 20-1899564 25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801	Pension Consulting	$93,715
PRUDENTIAL RETIREMENT INSURANCE AND4 years Filed as: PRUDENTIAL RET. INS. & ANNUITY CO. Service code 60 · EIN 06-1050034 280 TRUMBILL STREET · HARTFORD, CT 06103	Sub-TA Fees	$39,329
THE LAMBOS FIRM, LLP9+ years Service code 29 · EIN 13-3864093 300 SOUTH BROADWAY · TARRYTOWN, NY 10591	Legal	$33,985
MARRINAN & MAZZOLA MARDON P.C.1 year Filed as: MAZZOLA MARDON P.C. Service code 29 · EIN 13-3303633 26 BROADWAY · NEW YORK, NY 10004	Legal	$33,810
DESENA & COMPANY CPAS9+ years Filed as: DESENA & CO, CPAS, LLC Service code 10 · EIN 20-0609534 100 EAGLE ROCK AVENUE · EAST HANOVER, NJ 07936	Accounting	$19,370
ROLLS OFFSET FINANCIAL PRINTING,LLC3 years Filed as: ROLLS OFFSET FINANCIAL PRINTING LLC Service code 36 · EIN 27-3554928 264 CASTLE TERRACE · LYNDHURST, NJ 07071	Copying and duplicating	$16,928

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$913K

$195 / participant

Trustee / custodial$11K1.2%
Investment mgmt$94K10.3%
Legal$68K7.4%
Other / not subdivided$740K81.1%

% of EOY assets

0.116%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DESENA & COMPANY CPAS, LLC
Auditor EIN: 200609534
Audit fees: $19,370
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,497

$70,115+120.3%

$70,515+119.1%

$80,160+92.7%

Participation rate

100.0%

71.7%+28.3pp

68.3%+31.7pp

72.9%+27.1pp

Annual return

13.66%

134.51%-120.9pp

32.77%-19.1pp

40.38%-26.7pp

Employer contribution / active EE

$12,349

$3,021+308.8%

$2,973+315.3%

$2,978+314.7%

Participant deferral / active EE

$4,495-100.0%

$4,567-100.0%

$5,017-100.0%

Admin fee / account holder

$179

$112+59.6%

$6,412-97.2%

$145+23.6%

Provider

Service type

Compensation

NYSA-ILA PENSION TRUST FD8 years

Service code 49 · EIN 13-5652028

10 EXCHANGE PLACE · JERSEY CITY, NJ 07302

Other Services

$701,032

REYNOLDS CONSULTING SERVICES9+ years

Filed as: REYNOLDS CONSULTING SVCS, LLC

Service code 17 · EIN 20-1899564

25 NEWBRIDGE ROAD · HICKSVILLE, NY 11801

Pension Consulting

$93,715

PRUDENTIAL RETIREMENT INSURANCE AND4 years

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

Service code 60 · EIN 06-1050034

280 TRUMBILL STREET · HARTFORD, CT 06103

Sub-TA Fees

$39,329

THE LAMBOS FIRM, LLP9+ years

Service code 29 · EIN 13-3864093

300 SOUTH BROADWAY · TARRYTOWN, NY 10591

Legal

$33,985

MARRINAN & MAZZOLA MARDON P.C.1 year

Filed as: MAZZOLA MARDON P.C.

Service code 29 · EIN 13-3303633

26 BROADWAY · NEW YORK, NY 10004

Legal

$33,810

DESENA & COMPANY CPAS9+ years

Filed as: DESENA & CO, CPAS, LLC

Service code 10 · EIN 20-0609534

100 EAGLE ROCK AVENUE · EAST HANOVER, NJ 07936

Accounting

$19,370

ROLLS OFFSET FINANCIAL PRINTING,LLC3 years

Filed as: ROLLS OFFSET FINANCIAL PRINTING LLC

Service code 36 · EIN 27-3554928

264 CASTLE TERRACE · LYNDHURST, NJ 07071

Copying and duplicating

$16,928

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