Retirement plan

LOCAL 52 401 (K) PLAN

Name: BOARD OF TRUSTEES OF LOCAL 52 - LOCAL 52 401 (K) PLAN (2017) Form 5500
Creator: BOARD OF TRUSTEES OF LOCAL 52
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOCAL 52 401 (K) PLAN, BOARD OF TRUSTEES OF LOCAL 52

BOARD OF TRUSTEES OF LOCAL 52EIN 13-4059105Plan #005PY 2017

303 MERRICK ROAD SUITE 300 - LYNBROOK, NY 115632514877-999-3555

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$268.4M

-12.8% from 2016

Total participants

3,892

-6.5% from 2016

Average account balance

$74,759

-6.2% from 2016

Annual return

16.62%

-5.68 pp from 2016

Benchmarks

See 531 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort531 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$561.41M

Not enough data

1 years with asset history on file

Average account balance

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

$100K

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.

5,606

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$28.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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

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

Service providers

Top 10 of 15 by compensation

Provider	Service type	Compensation
SPIVAK LIPTON LLP3+ years Filed as: SPIVAK LIPTON, LLP Service code 29 · EIN 13-3494495 1700 BROADWAY · NEW YORK, NY 10019	Legal	$54,728
ADMINISTRATIVE SERVICES ONLY3+ years Service code 13 · EIN 11-2995970 303 MERRICK ROAD · LYNBROOK, NY 11563	Contract Administrator	$42,000
THE SEGAL COMPANY2 years Filed as: SEGAL ROGERSCASEY Service code 27 · EIN 13-2646110 333 WEST 34TH STREET · NEW YORK, NY 10001	Advisory (Plan)	$27,500
KOBGO ASSOCIATES1 year Filed as: KOBGO ASSOCIATES INC Service code 10 · EIN 13-2751089	Accounting	$26,160
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$20,940
GOULD, KOBRICK & SCHLAPP, P.C.3+ years Service code 10 · EIN 13-3082707 3 PARK AVENUE · NEW YORK, NY 10016	Accounting	$15,500
AMERICAN CENTURY1 year Filed as: AMERICAN CENTURY 44-6006315 Service code 52	Indirect Investment Fees	$0
CALVERT1 year Filed as: CALVERT 52-1233223 Service code 52	Indirect Investment Fees	$0
JANUS HENDERSON1 year Filed as: JANUS HENDERSON 84-1458637 Service code 52	Indirect Investment Fees	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO 0 Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2F2G2J2T

Plan features

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$218K

$56 / participant

Investment mgmt$28K12.6%
Contract admin$63K28.9%
Other / not subdivided$127K58.5%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GOULD, KOBRICK & SCHLAPP, P.C.
Auditor EIN: 133082707
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,759

$89,274-16.3%

$149,721-50.1%

$77,958-4.1%

Participation rate

92.2%

87.6%+4.6pp

87.1%+5.1pp

71.6%+20.5pp

Annual return

16.62%

20.36%-3.7pp

1501.67%-1485.1pp

20.87%-4.2pp

Employer contribution / active EE

$3,727-100.0%

$5,444-100.0%

$2,310-100.0%

Participant deferral / active EE

$6,105

$5,382+13.4%

$6,568-7.1%

$3,537+72.6%

Admin fee / account holder

$61

$240-74.7%

$11,282-99.5%

$97-37.7%

Provider

Service type

Compensation

SPIVAK LIPTON LLP3+ years

Filed as: SPIVAK LIPTON, LLP

Service code 29 · EIN 13-3494495

1700 BROADWAY · NEW YORK, NY 10019

Legal

$54,728

ADMINISTRATIVE SERVICES ONLY3+ years

Service code 13 · EIN 11-2995970

303 MERRICK ROAD · LYNBROOK, NY 11563

Contract Administrator

$42,000

THE SEGAL COMPANY2 years

Filed as: SEGAL ROGERSCASEY

Service code 27 · EIN 13-2646110

333 WEST 34TH STREET · NEW YORK, NY 10001

Advisory (Plan)

$27,500

KOBGO ASSOCIATES1 year

Filed as: KOBGO ASSOCIATES INC

Service code 10 · EIN 13-2751089

Accounting

$26,160

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$20,940

GOULD, KOBRICK & SCHLAPP, P.C.3+ years

Service code 10 · EIN 13-3082707

3 PARK AVENUE · NEW YORK, NY 10016

Accounting

$15,500

AMERICAN CENTURY1 year

Filed as: AMERICAN CENTURY 44-6006315

Service code 52

Indirect Investment Fees

CALVERT1 year

Filed as: CALVERT 52-1233223

Service code 52

Indirect Investment Fees

JANUS HENDERSON1 year

Filed as: JANUS HENDERSON 84-1458637

Service code 52

Indirect Investment Fees

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS. CO 0

Service code 52

Indirect Investment Fees

LOCAL 52 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 52 401 (K) 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