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 (2018) 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 2018

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

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$291.9M

-7.2% from 2016

Total participants

2,186

+0.6% from 2016

Average account balance

$133,533

-7.8% from 2016

Annual return

-2.63%

-1.97 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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 by compensation

Provider	Service type	Compensation
PROSKAUER ROSE LLP3 years Service code 29 · EIN 13-1840454	Legal	$144,347
COHEN & STEERS1 year Filed as: COHEN WEISS AND SIMON LLP Service code 29 900 THIRD AVENUE · NEW YORK, NY 10022	Legal	$115,868
FITZSIMMONS ABRAMS, LLP3 years Service code 10 · EIN 13-2858927	Accounting	$50,214
SITARA N HINES1 year Service code 30 · EIN 13-6179359	Employee (plan); Direct payment from ...	$49,826
REYNOLDS CONSULTING SERVICES4+ years Filed as: REYNOLDS CONSULTING SERVICES, LLC Service code 27 · EIN 20-1899564	Advisory (Plan)	$38,219
ALEX A. BONILLA3 years Service code 30 · EIN 13-6179359	Direct payment from the plan; Employe...	$37,620
SYLVIA REYES4+ years Service code 30 · EIN 13-6179359	Employee (plan); Direct payment from ...	$26,182
CALIBRE CPA GROUP PLLC2 years Service code 10 · EIN 47-0900880	Accounting	$23,000
THE SEGAL COMPANY4+ years Service code 11 · EIN 13-1835864	Actuarial	$12,000
NATHAN & BERNSTEIN CPA'S, PC2 years Service code 10 224 FRANKLIN STREET 19 · HEWLETT, NY 11557	Accounting	$7,986

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

Expense breakdown

Schedule H Part II

Admin total

$761K

$369 / participant

Investment mgmt$128K16.8%
Other / not subdivided$633K83.2%

% of EOY assets

0.261%

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

$133,533

$82,546+61.8%

$140,019-4.6%

$75,289+77.4%

Participation rate

100.0%

88.4%+11.6pp

87.5%+12.5pp

72.4%+27.6pp

Annual return

-2.63%

-0.36%-2.3pp

651.19%-653.8pp

-0.04%-2.6pp

Employer contribution / active EE

$9,174

$3,856+137.9%

$5,605+63.7%

$2,405+281.4%

Participant deferral / active EE

$5,731-100.0%

$6,927-100.0%

$3,739-100.0%

Admin fee / account holder

$348

$86+305.9%

$10,705-96.7%

$102+240.3%

Provider

Service type

Compensation

PROSKAUER ROSE LLP3 years

Service code 29 · EIN 13-1840454

Legal

$144,347

COHEN & STEERS1 year

Filed as: COHEN WEISS AND SIMON LLP

Service code 29

900 THIRD AVENUE · NEW YORK, NY 10022

Legal

$115,868

FITZSIMMONS ABRAMS, LLP3 years

Service code 10 · EIN 13-2858927

Accounting

$50,214

SITARA N HINES1 year

Service code 30 · EIN 13-6179359

Employee (plan); Direct payment from ...

$49,826

REYNOLDS CONSULTING SERVICES4+ years

Filed as: REYNOLDS CONSULTING SERVICES, LLC

Service code 27 · EIN 20-1899564

Advisory (Plan)

$38,219

ALEX A. BONILLA3 years

Service code 30 · EIN 13-6179359

Direct payment from the plan; Employe...

$37,620

SYLVIA REYES4+ years

Service code 30 · EIN 13-6179359

Employee (plan); Direct payment from ...

$26,182

CALIBRE CPA GROUP PLLC2 years

Service code 10 · EIN 47-0900880

Accounting

$23,000

THE SEGAL COMPANY4+ years

Service code 11 · EIN 13-1835864

Actuarial

$12,000

NATHAN & BERNSTEIN CPA'S, PC2 years

Service code 10

224 FRANKLIN STREET 19 · HEWLETT, NY 11557

Accounting

$7,986

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