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 (2021) 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 2021

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$345.1M

-7.2% from 2016

Total participants

2,179

+0.6% from 2016

Average account balance

$158,355

-7.8% from 2016

Annual return

10.56%

-1.97 pp from 2016

Benchmarks

See 479 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort479 peers

Snapshot2021

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 12 by compensation

Provider	Service type	Compensation
FITZSIMMONS ABRAMS, LLP6 years Service code 10 · EIN 13-2858927	Accounting	$50,701
ALEX A. BONILLA6 years Service code 30 · EIN 13-6179359	Employee (plan); Direct payment from ...	$39,914
CALIBRE CPA GROUP PLLC5 years Service code 10 · EIN 47-0900880	Accounting	$36,000
PROSKAUER ROSE LLP6 years Service code 29 · EIN 13-1840454	Legal	$34,553
SYLVIA REYES7+ years Service code 30 · EIN 13-6179359	Direct payment from the plan; Employe...	$28,423
CLAUDINE MARANO1 year Filed as: CLAUDINE D KAY Service code 30 · EIN 13-6179359	Employee (plan); Direct payment from ...	$26,798
JENNIFER KELLNER7+ years Filed as: JENNIFER GARCIA Service code 30 · EIN 13-6179359	Direct payment from the plan; Employe...	$26,695
COLLERAN, O'HARA & MILLS LLP1 year Filed as: COLLERAN O'HARA & MILLS LLP Service code 29 · EIN 11-2940050	Legal	$16,131
REYNOLDS CONSULTING SERVICES7+ years Filed as: REYNOLDS CONSULTING SERVICES, LLC Service code 27 · EIN 20-1899564	Advisory (Plan)	$15,171
THE SEGAL COMPANY7+ years Service code 11 · EIN 13-1835864	Actuarial	$12,000

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

$663K

$336 / participant

Investment mgmt$252K38.0%
Other / not subdivided$411K62.0%

% of EOY assets

0.192%

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

$158,355

$88,770+78.4%

$109,191+45.0%

$93,010+70.3%

Participation rate

100.0%

81.5%+18.5pp

75.9%+24.1pp

73.9%+26.1pp

Annual return

10.56%

60.64%-50.1pp

25.76%-15.2pp

158.70%-148.1pp

Employer contribution / active EE

$6,733

$3,780+78.1%

$3,723+80.9%

$2,705+148.9%

Participant deferral / active EE

$3,630-100.0%

$4,653-100.0%

$4,561-100.0%

Admin fee / account holder

$304

$172+76.5%

$6,756-95.5%

$152+100.5%

Provider

Service type

Compensation

FITZSIMMONS ABRAMS, LLP6 years

Service code 10 · EIN 13-2858927

Accounting

$50,701

ALEX A. BONILLA6 years

Service code 30 · EIN 13-6179359

Employee (plan); Direct payment from ...

$39,914

CALIBRE CPA GROUP PLLC5 years

Service code 10 · EIN 47-0900880

Accounting

$36,000

PROSKAUER ROSE LLP6 years

Service code 29 · EIN 13-1840454

Legal

$34,553

SYLVIA REYES7+ years

Service code 30 · EIN 13-6179359

Direct payment from the plan; Employe...

$28,423

CLAUDINE MARANO1 year

Filed as: CLAUDINE D KAY

Service code 30 · EIN 13-6179359

Employee (plan); Direct payment from ...

$26,798

JENNIFER KELLNER7+ years

Filed as: JENNIFER GARCIA

Service code 30 · EIN 13-6179359

Direct payment from the plan; Employe...

$26,695

COLLERAN, O'HARA & MILLS LLP1 year

Filed as: COLLERAN O'HARA & MILLS LLP

Service code 29 · EIN 11-2940050

Legal

$16,131

REYNOLDS CONSULTING SERVICES7+ years

Filed as: REYNOLDS CONSULTING SERVICES, LLC

Service code 27 · EIN 20-1899564

Advisory (Plan)

$15,171

THE SEGAL COMPANY7+ years

Service code 11 · EIN 13-1835864

Actuarial

$12,000

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