Retirement plan

ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12

Name: BOARD OF TRUSTEES ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12 - ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12 (2015) Form 5500
Creator: BOARD OF TRUSTEES ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12, BOARD OF TRUSTEES ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12

BOARD OF TRUSTEES ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12EIN 13-6101711Plan #001PY 2015

35-53 24TH STREET - LONG ISLAND CITY, NY 111014208718-784-8883LinkedIn1-10 employeesinsurance

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$127.3M

No prior year

Total participants

678

No prior year

Average account balance

$187,706

No prior year

Annual return

-0.70%

No prior year

Benchmarks

See 1,335 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,335 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$200.56M

Not enough data

1 years with asset history on file

Average account balance

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

$277K

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.

724

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

$6.50M

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

+11.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$858

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
AMERICAN REALTY ADVISORS1+ years Filed as: MACKAY SHIELDS Service code 28 · EIN 13-4080466	Investment Management	$146,404
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK INSURANCE COMPANY Service code 28 · EIN 01-0233346	Investment Management	$94,316
SCHULTHEIS & PANETTIERI, LLP1+ years Service code 10 · EIN 13-1577780	Accounting	$48,000
PROSKAUER ROSE LLP1+ years Service code 29 · EIN 13-1840454	Legal	$46,924
COLLERAN, O'HARA & MILLS LLP1+ years Filed as: COLLERAN, O'HARA & MILLS, LLP Service code 29 · EIN 11-2940050	Legal	$36,762
BMO HARRIS BANK NA1+ years Filed as: M & T BANK Service code 19 · EIN 16-0538020	Securities Custodian	$34,460
REYNOLDS CONSULTING SERVICES1+ years Filed as: REYNOLDS SECURITIES Service code 27 · EIN 20-1899564	Advisory (Plan)	$28,869
WILMINGTON TRUST1+ years Filed as: WILMINGTON TRUST RETIREMENT SRVC Service code 72 · EIN 51-0099033	Other investment fees and expenses	$8,000

Plan features & details

Pension benefit codes2C2F2G

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$586K

$902 / participant

Investment mgmt$212K36.2%
Other / not subdivided$374K63.8%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SCHULTHEIS & PANETTIERI, LLP
Auditor EIN: 131577780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,706

$68,413+174.4%

$123,106+52.5%

$55,191+240.1%

Participation rate

100.0%

84.5%+15.5pp

86.8%+13.2pp

69.2%+30.8pp

Annual return

-0.70%

6.30%-7.0pp

13.22%-13.9pp

10.78%-11.5pp

Employer contribution / active EE

$10,629

$3,050+248.4%

$5,151+106.3%

$1,899+459.8%

Participant deferral / active EE

$4,490-100.0%

$6,229-100.0%

$3,046-100.0%

Admin fee / account holder

$864

$88+884.3%

$9,015-90.4%

$91+852.1%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS1+ years

Filed as: MACKAY SHIELDS

Service code 28 · EIN 13-4080466

Investment Management

$146,404

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK INSURANCE COMPANY

Service code 28 · EIN 01-0233346

Investment Management

$94,316

SCHULTHEIS & PANETTIERI, LLP1+ years

Service code 10 · EIN 13-1577780

Accounting

$48,000

PROSKAUER ROSE LLP1+ years

Service code 29 · EIN 13-1840454

Legal

$46,924

COLLERAN, O'HARA & MILLS LLP1+ years

Filed as: COLLERAN, O'HARA & MILLS, LLP

Service code 29 · EIN 11-2940050

Legal

$36,762

BMO HARRIS BANK NA1+ years

Filed as: M & T BANK

Service code 19 · EIN 16-0538020

Securities Custodian

$34,460

REYNOLDS CONSULTING SERVICES1+ years

Filed as: REYNOLDS SECURITIES

Service code 27 · EIN 20-1899564

Advisory (Plan)

$28,869

WILMINGTON TRUST1+ years

Filed as: WILMINGTON TRUST RETIREMENT SRVC

Service code 72 · EIN 51-0099033

Other investment fees and expenses

$8,000

ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANNUITY FUND OF HEAT AND FROST INSULATORS LOCAL 12

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