Retirement plan

METAL LATHERS LOCAL 46 ANNUITY FUND

Name: BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUND - METAL LATHERS LOCAL 46 ANNUITY FUND (2017) Form 5500
Creator: BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUND
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METAL LATHERS LOCAL 46 ANNUITY FUND, BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUND

BOARD OF TRUSTEES OF METAL LATHERS LOCAL 46 ANNUITY FUNDEIN 13-6179359Plan #001PY 2017

61-02 32ND AVENUE - WOODSIDE, NY 11377212-535-2323

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$307.7M

-7.2% from 2016

Total participants

2,215

+0.6% from 2016

Average account balance

$138,895

-7.8% from 2016

Annual return

9.18%

-1.97 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

$328.34M

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

2,034

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

$11.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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 14 by compensation

Provider	Service type	Compensation
PROSKAUER ROSE LLP2 years Service code 29 · EIN 13-1840454	Legal	$276,220
KENNEDY CAPITAL MANAGEMENT3+ years Filed as: KENNEDY, JENNIK & MURRAY, PC. Service code 29 · EIN 25-1919594	Legal	$119,273
WEINSTEIN ZUGMAN, LLC2 years Filed as: THE WEINSTEIN LAW FIRM PLLC Service code 29 153 WEST 27TH STREET · NEW YORK, NY 10001	Legal	$115,282
FITZSIMMONS ABRAMS, LLP2 years Service code 10 · EIN 13-2858927	Accounting	$60,430
SITARA N HINES3+ years Filed as: SITARA N. HINES Service code 30 · EIN 13-6179359	Employee (plan); Direct payment from ...	$49,126
ALEX A. BONILLA2 years Service code 30 · EIN 13-6179359	Employee (plan); Direct payment from ...	$37,237
REYNOLDS CONSULTING SERVICES3+ years Filed as: REYNOLDS CONSULTING SERVICES, LLC Service code 27 · EIN 20-1899564	Advisory (Plan)	$30,342
COHEN & STEERS1 year Filed as: COHEN & GRESSER LLP Service code 29 2001 PENNSYLVANIA AVE NW SUITE 300 · WASHINGTON, DC 20006	Legal	$29,705
SYLVIA REYES3+ years Service code 30 · EIN 13-6179359	Direct payment from the plan; Employe...	$26,109
CALIBRE CPA GROUP PLLC1 year Service code 10 · EIN 47-0900880	Accounting	$24,148

Plan features & details

Pension benefit codes2A2H2R2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$715K

$326 / participant

Investment mgmt$33K4.7%
Other / not subdivided$681K95.3%

% of EOY assets

0.232%

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: CALIBRE CPA GROUP PLLC
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$138,895

$89,274+55.6%

$149,721-7.2%

$77,958+78.2%

Participation rate

100.0%

87.6%+12.4pp

87.1%+12.9pp

71.6%+28.4pp

Annual return

9.18%

20.36%-11.2pp

1501.67%-1492.5pp

20.87%-11.7pp

Employer contribution / active EE

$10,453

$3,727+180.5%

$5,444+92.0%

$2,310+352.4%

Participant deferral / active EE

$5,382-100.0%

$6,568-100.0%

$3,537-100.0%

Admin fee / account holder

$323

$240+34.5%

$11,282-97.1%

$97+231.2%

Provider

Service type

Compensation

PROSKAUER ROSE LLP2 years

Service code 29 · EIN 13-1840454

Legal

$276,220

KENNEDY CAPITAL MANAGEMENT3+ years

Filed as: KENNEDY, JENNIK & MURRAY, PC.

Service code 29 · EIN 25-1919594

Legal

$119,273

WEINSTEIN ZUGMAN, LLC2 years

Filed as: THE WEINSTEIN LAW FIRM PLLC

Service code 29

153 WEST 27TH STREET · NEW YORK, NY 10001

Legal

$115,282

FITZSIMMONS ABRAMS, LLP2 years

Service code 10 · EIN 13-2858927

Accounting

$60,430

SITARA N HINES3+ years

Filed as: SITARA N. HINES

Service code 30 · EIN 13-6179359

Employee (plan); Direct payment from ...

$49,126

ALEX A. BONILLA2 years

Service code 30 · EIN 13-6179359

Employee (plan); Direct payment from ...

$37,237

REYNOLDS CONSULTING SERVICES3+ years

Filed as: REYNOLDS CONSULTING SERVICES, LLC

Service code 27 · EIN 20-1899564

Advisory (Plan)

$30,342

COHEN & STEERS1 year

Filed as: COHEN & GRESSER LLP

Service code 29

2001 PENNSYLVANIA AVE NW SUITE 300 · WASHINGTON, DC 20006

Legal

$29,705

SYLVIA REYES3+ years

Service code 30 · EIN 13-6179359

Direct payment from the plan; Employe...

$26,109

CALIBRE CPA GROUP PLLC1 year

Service code 10 · EIN 47-0900880

Accounting

$24,148

METAL LATHERS LOCAL 46 ANNUITY FUND

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METAL LATHERS LOCAL 46 ANNUITY 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