Retirement plan

LOCAL 52 401 (K) FUND

Name: BOARD OF TRUSTEES OF LOCAL 52 - LOCAL 52 401 (K) FUND (2024) 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) FUND, BOARD OF TRUSTEES OF LOCAL 52

BOARD OF TRUSTEES OF LOCAL 52EIN 13-4059105Plan #005PY 2024

20000 HORIZON WAY, SUITE 600 - MOUNT LAUREL, NJ 08054856-291-8000

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$561.4M

-12.8% from 2016

Total participants

5,606

-6.5% from 2016

Average account balance

$100,145

-6.2% from 2016

Annual return

13.23%

-5.68 pp from 2016

Benchmarks

See 1,214 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,214 peers

Snapshot2024

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 8 by compensation

Provider	Service type	Compensation
BEACON POINTE ADVISORS LLC1 year Filed as: BEACON ADMINISTRATORS Service code 13 · EIN 13-1544721 20000 HORIZON WAY · MT LAUREL, NJ 08054	Contract Administrator	$200,000
SPIVAK LIPTON LLP10+ years Filed as: SPIVAK LIPTON, LLP Service code 29 · EIN 13-3494495 1700 BROADWAY · NEW YORK, NY 10019	Legal	$74,749
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER LIFE & ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$34,159
THE SEGAL COMPANY4 years Filed as: SEGAL MARCO ADVISORS Service code 27 333 WEST 34TH STREET · NEW YORK, NY 10001	Advisory (Plan)	$32,119
ADMINISTRATIVE SERVICES ONLY10+ years Service code 13 · EIN 11-2995970 303 MERRICK ROAD · LYNBROOK, NY 11563	Contract Administrator	$30,000
THE SEGAL COMPANY2 years Service code 70 · EIN 13-1835864 333 W 34TH STREET · NEW YORK, NY 10001	Consulting Fees	$29,855
KOBGO ASSOCIATES8 years Filed as: KOBGO ASSOCIATES INC Service code 10 · EIN 13-2751089 192 LEXINGTON AVE · NEW YORK, NY 10016	Accounting	$26,760
GOULD, KOBRICK & SCHLAPP, P.C.10+ years Service code 10 · EIN 13-3082707 192 LEXINGTON AVE · NEW YORK, NY 10016	Accounting	$25,750

Plan features & details

Pension benefit codes2E2F2G2J2T

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$529K

$97 / participant

Recordkeeping$27K5.1%
Trustee / custodial$34K6.5%
Investment mgmt$32K6.1%
Legal$75K14.1%
Contract admin$230K43.4%
Other / not subdivided$132K24.9%

% of EOY assets

0.094%

all-in expense ratio

Categories reported

5 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GOULD, KOBRICK & SCHLAPP, P.C.
Auditor EIN: 133082707
Audit fees: $25,750
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,145

$99,313+0.8%

$100,415-0.3%

$99,313+0.8%

Participation rate

100.0%

71.7%+28.3pp

81.5%+18.5pp

71.7%+28.3pp

Annual return

13.23%

17.67%-4.4pp

49.47%-36.2pp

17.67%-4.4pp

Employer contribution / active EE

$3,264-100.0%

$3,943-100.0%

$3,264-100.0%

Participant deferral / active EE

$5,245

$5,346-1.9%

$8,091-35.2%

$5,346-1.9%

Admin fee / account holder

$94

$109-13.5%

$7,906-98.8%

$109-13.5%

Provider

Service type

Compensation

BEACON POINTE ADVISORS LLC1 year

Filed as: BEACON ADMINISTRATORS

Service code 13 · EIN 13-1544721

20000 HORIZON WAY · MT LAUREL, NJ 08054

Contract Administrator

$200,000

SPIVAK LIPTON LLP10+ years

Filed as: SPIVAK LIPTON, LLP

Service code 29 · EIN 13-3494495

1700 BROADWAY · NEW YORK, NY 10019

Legal

$74,749

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER LIFE & ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$34,159

THE SEGAL COMPANY4 years

Filed as: SEGAL MARCO ADVISORS

Service code 27

333 WEST 34TH STREET · NEW YORK, NY 10001

Advisory (Plan)

$32,119

ADMINISTRATIVE SERVICES ONLY10+ years

Service code 13 · EIN 11-2995970

303 MERRICK ROAD · LYNBROOK, NY 11563

Contract Administrator

$30,000

THE SEGAL COMPANY2 years

Service code 70 · EIN 13-1835864

333 W 34TH STREET · NEW YORK, NY 10001

Consulting Fees

$29,855

KOBGO ASSOCIATES8 years

Filed as: KOBGO ASSOCIATES INC

Service code 10 · EIN 13-2751089

192 LEXINGTON AVE · NEW YORK, NY 10016

Accounting

$26,760

GOULD, KOBRICK & SCHLAPP, P.C.10+ years

Service code 10 · EIN 13-3082707

192 LEXINGTON AVE · NEW YORK, NY 10016

Accounting

$25,750

LOCAL 52 401 (K) FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOCAL 52 401 (K) FUND

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